WHITE PLAINS, NY (April 7, 2015). The Westchester Bank is honored to announce it has been selected as one of the Top 100 Best Performing Community Banks in America in 2014, according to SNL Financial, a leading provider of financial information. Community banks were defined as institutions with assets between $500 million and $5 billion and 60 or fewer offices. In addition, at least one-third of the bank's balance sheets must be composed of loans with less than half of those loans attributable to credit card lending. The bank also had to be well- capitalized according to regulatory standards and could not have a majority of revenue derived from nontraditional banking activities. Based on these criteria, 805 banking entities were eligible. The Westchester Bank ranked # 85 nationwide and was one of only two banks from all of New York State to receive a Top 100 Best Performing Community Bank distinction.
This unique recognition is in addition to several 2014 performance accolades The Westchester Bank has already received, including a Bauer 5-Star Rating and selection as one of the Top 200 Banks in America as ranked by DepositAccounts.com. John M. Tolomer, President & CEO of The Westchester Bank stated, “We’re truly honored to be chosen a Top 100 Best Performing Bank in the country. It’s a testament to the quality and caliber of our entire bank team who work tirelessly to deliver world class banking service to our customers. Our service model - Banking Made Personal - resonates with the local business community and we remain very proud to be working with many of the most respected companies in Westchester County. I expect The Westchester Bank’s success to continue through the effective execution of our service model, building mutually beneficial relationships and meeting each of our clients’ specialized banking requirements,” Mr. Tolomer concluded.
About The Westchester Bank
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 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. For more information about The Westchester Bank products and personal services, please visit www.TheWestchesterBank.com or contact Kristin Ball at (914) 368-9919.
About SNL Financial
SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in the business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock. For more information, visit www.snl.com.