Steven J. Garofalo

Chief Executive Officer

Steven J. Garofalo

Mr. Garofalo comes to Iron Horse Credit with a wealth of experience in the management of financial services operations and transaction processing operations.

After a brief electrical engineering career immediately following college, Steve went on to work at the Federal Reserve Bank of New York. Over an 18 year career at the New York Fed, Steve rose to the level of Senior Vice President. He was responsible for electronic funds and securities transfer operations (Fedwire), automated clearing house payment operations, and check processing operations.

Steve leveraged this electronic and paper-based payments experience gained at the Fed and subsequently took on a senior position at Citibank in the management of
transaction processing operations. During his 15 years at Citi, Steve rose to the level of Executive Vice President and was responsible for global transaction processing operations for Citi’s consumer banking division, responsible for lockbox payment operations, electronic payment processing, statement generation, and the production of credit and debit cards for Citi consumer bank account holders. This included the management of a global staff of approximately 4000.   During the early part of Steve’s Citi career he moved to Las Vegas and served as President & Chief Executive Officer of Citibank, Nevada NA.

Steve holds a BS in Industrial Engineering from Columbia University and a MBA in Industrial Management from Fairleigh Dickinson University.