Eastern Federal Taps Edward Long as President

For the past 80 years the position has been held exclusively by Meiselman family members.
Edward Long, President & CEO, Eastern Federation Corporation
Edward Long, President & CEO, Eastern Federation Corp.

Charlotte, N.C.Eastern Federal Corp. (EFC) has appointed Edward (Ned) Long as president & CEO. In his new role, Long will be working alongside CFO Debbie Craig in EFC’s Charlotte office, where he will be handling all real estate and financial operations associated with EFC and its shareholders.

Charlotte-based EFC was founded in the 1930’ by H. B. Meiselman and currently invests in small private companies and real estate in the Southeast and Mid-Atlantic regions. Long is the first non-family president of the company in 80 years. He became acquainted with the Meiselman family when, between 2000 and 2010, he served as SVP & CFO of Crosland LLC, a real estate development and property management company with operations throughout the Southeast. During this time, he placed $1.6 billion in acquisition and development loans, $542 million in permanent loans, $107 million in line-of-credit capacity and $275 million in institutional and private equity capital.

Most recently, Long worked as CFO for Charlotte-based CampusWorks LLC, where he led negotiations on joint-venture agreements, development and management agreements. Additional work experience includes four years as executive vice president of real estate for Pacolet Milliken Enterprises Inc., managing several million square feet of commercial space throughout New York, Washington DC, Virginia, Georgia, the Carolinas and Florida.

Long holds a Master of Business Administration degree from Vanderbilt University.

Image courtesy of Eastern Federal Corporation