BNC Financial Group has promoted Robert J. Palermo to the position of president of the Bank of Fairfield, one of its subsidiaries, Chief Executive Officer Peyton R. Patterson has announced.

Palermo was most recently divisional president of Stamford First Bank, a division of fellow subsidiary the Bank of New Canaan, since it opened in July 2010.

Having over 25 years of lending experience, his background includes portfolio administration, asset and property management, loan workouts and liquidations, according to a release.

Palermo, a Newtown resident, has been a longtime member of the Real Estate Finance Association and past member of its board of directors and program committee for the Hartford chapter. He was awarded the GE Business Asset Funding President Club recognition in 2002.