The Westchester Bank was formed in 2008, a time when the nation was facing the worst economic downturn since the Great Depression. It was a year in which large financial and banking institutions were failing and consumer confidence was at its lowest ebb... not exactly the most propitious time to start a new business anchored in Yonkers.
Yet the Founders of The Westchester Bank had correctly identified a void in the marketplace and opened a local community bank with a simple, yet fundamental, formula for success. It offered the same bank products and solutions as the bigger banks but delivered them in a highly personalized and friendly manner. The Westchester Bank understood the significance of strong local roots, from its core of local investors and bank professionals to understanding and facilitating the real needs of other local businesses in the community.
The Westchester Bank’s core operating principle of Banking Made Personal has remained a constant since Day 1. The results speak for themselves:
Relative to staying power, the Bank is in it for the long haul. Future business plans call for rapid expansion, employment, community outreach and unprecedented growth designed to have an overall positive economic impact throughout Westchester County. The Bank is committed to more branch openings, more hiring and more loan activity for small to mid-sized businesses as they expand to offer additional employment opportunities.
“Our law practice is all about helping clients and The Westchester Bank practices that same principle. That’s why we make good partners and really enjoy working together.”
John Tolomer, President & CEO, The Westchester Bank
Anne Penachio, Partner, Penachio Malara, LLP
Frank Malara, Partner, Penachio Malara, LLP
The Westchester Bank has recently been honored as a 2018 Best Companies to Work for in New York State. This is the second consecutive year the Bank has been so recognized. It is also their first time as a “Top 10” Best Company in the small-sized employer category (ranking #9).more»