WHITE PLAINS, N.Y. The Westchester Bank received the highest performance ranking available for the second quarter of 2015.
This represents the 18th consecutive quarter in which The Westchester Bank has been recognized with an A+ rating. Each fiscal quarter, an evaluation is undertaken to measure the financial health of every federally insured bank in the nation, a total of more than 6,900 banks.
Each of those institutions is graded on a number of factors including capitalization, deposit growth, and loan to reserve ratios to determine a comprehensive rating. This data was compiled and recently released by DepositAccounts.com, a leading provider of online banking/savings information for consumers.
Prior to this announcement, The Westchester Bank also had the distinction of being recognized as a Top 100 Best Performing Community Bank in America in 2014, according to SNL Financial.
“We’re thrilled to receive another A+ rating which signifies health, continuity and vitality to companies or individuals seeking a banking alternative in their respective communities,'' said John M. Tolomer, President and CEO of The Westchester Bank. "We’re most proud of
the fact that this rating has been achieved 18 fiscal quarters running, a testament to the consistency of message and quality of service delivered by our entire bank team. We work tirelessly and consistently to deliver world class banking products and services to our customers. Banking Made Personal remains our fundamental operating principle; it’s how the bank executes that model with every transaction that continues to sets us apart from the competition."