YONKERS, NY (May 13, 2014). Continuing its unprecedented growth, The Westchester Bank is pleased to announce that total assets have recently surpassed the $450 million mark. As the leading community bank in Westchester County, The Westchester Bank’s strong financial performance includes loan outstandings in excess of $350 million with deposits now over $370 million, The Bank is also recognized as one of the fastest growing community banks in the country.
“This is a substantial milestone for the Bank as we continue to outpace our most aggressive projections,” said John M. Tolomer, President & CEO of The Westchester Bank. “We owe our success to two things, our loyal business customers throughout the community and an exceptional staff of dedicated banking professionals. Our customers expect and appreciate the personal approach we bring with every transaction. The Westchester Bank is passionate about ensuring the highest quality of customer service in the industry. We set the standard because we consistently execute and deliver on our customer relations approach. Business Banking Made Personal is the operating principle upon which we were founded more than five years ago, and it is an adherence to this principle that will help both our customers and the Bank achieve even greater results in the future,” Mr. Tolomer concluded.
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 is headquartered in Yonkers at 2001 Central Park Avenue with additional branches in White Plains branch at 464 Mamaroneck Avenue and in Thornwood at 994 Broadway. Plans for a new branch will be announced in the near future.