YONKERS, NY (June 15, 2012). The Westchester Bank is excited to announce its Fourth Anniversary celebration this June 18th. The Bank continues its record breaking pace and is now recognized as one of the fastest growing local community banks in the United States.
The cornerstone to the Bank’s continued success and growth is providing world class banking service to its customers, according to John M. Tolomer, President and CEO, who stated, “We are here to assist local businesses achieve their goals by understanding their business needs and providing the appropriate products and services they deserve from their bank. With the support of our entire team of experienced bankers, members of the Board of Directors and valued Shareholders, we continue to build meaningful relationships with the best companies in the New York Metropolitan area. We look forward to setting new financial milestones in the near future.”
Mr. Tolomer continued, “While we’re honored to celebrate our Fourth Anniversary with such distinction, what has truly set The Westchester Bank apart these past four years are four simple words… Business Banking Made Personal. That’s not just a statement in our advertising; it’s a promise to each of our 3,300 plus customers and the results continue to be overwhelmingly positive,” Tolomer concluded. Strong financial gains through May include deposits in excess of
$240 million, an increase of 23% vs. May of 2011 with assets increasing during that same period to $288 million, up 35%. Total loans outstanding are in excess of $203 million, representing a 46% gain vs. last year.
The Westchester Bank continues a strong tradition of community involvement and believes it is a corporate responsibility to serve and assist not-for-profits in the marketplace. The Bank supports and participates with many local organizations and charities such as The March of Dimes, Preston High School, Yonkers YWCA, The Child Abuse Prevention Center, Gilda’s Club, Food Bank, Westhab and The Holocaust and Human Rights Education Center, to name a few
The Westchester Bank is a New York State Chartered and full service FDIC insured commercial bank offering state-of-the-art technology with a comprehensive line of banking products to businesses and consumers including: business and personal checking, business lending, commercial mortgages, savings accounts, CD’s, money market accounts, Interest on Lawyer Accounts (IOLA), attorney escrow accounts and tenant security accounts. The Westchester Bank currently has branches in Yonkers at 2001 Central Park Avenue and in White Plains at 464 Mamaroneck Avenue. Plans for additional branches are forthcoming.