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The Westchester Bank Selects New Chairman of the Board

Published 12/26/2014

December 26, 2014. (Yonkers, NY). The Westchester Bank announced the election of Thomas W. Smith to serve as Chairman of the Board of Directors effective December 23, 2014. Mr. Smith is a Founder of The Westchester Bank and has served as a Board Member since the bank’s inception in 2008. He will replace W. Thomas Clark who will continue to serve on the Board.

Mr. Smith is presently the Managing Partner of the law firm of Smith, Buss & Jacobs with offices in Manhattan and Yonkers and serves as Managing Member of real estate companies which own and operate office, retail and residential properties in Westchester and Fairfield counties. He was also a member of the Mount Kisco Zoning Board of Appeals, the Bedford Central School District Construction Steering Committee and brings numerous strengths to the bank including legal expertise, knowledge of finance, experience with Federal agencies and real estate industry.

“It’s a personal privilege to serve as Chairman and I thank the entire Board for the faith they have placed in me to continue the success and unprecedented growth we’ve had the fortune to experience under Tom Clark’s leadership,” stated Thomas Smith. “Our financial strength in the banking community is directly attributable to excellence at every level of the organization – from our board members to an exceptional management team and staff dedicated to executing our business model of ‘Banking Made Personal’. That’s the essence and advantage of being a successful community bank,” Mr. Smith 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 moving to new headquarters in White Plains at 12 Water Street and has four branch locations: Yonkers at 2001 Central Park Avenue, White Plains at 464 Mamaroneck Avenue, Thornwood at 994 Broadway and Mount Kisco at 51 South Moger Avenue.


Partners in Your Success
From left to right: John Tolomer, Anne Penachio, Frank Malara.

“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

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