WHITE PLAINS, NY (November 5, 2015). The Westchester Bank is pleased to announce it has received the highest performance ranking available for the second quarter of 2015. This represents the eighteenth 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. John M. Tolomer, President and CEO of The Westchester Bank stated, “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. 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,” 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. A new, fifth branch located at 305 Mamaroneck Avenue in Mamaroneck is set to open next month. For more information about The Westchester Bank products and personal services, please visit www.TheWestchesterBank.com or contact Kristin Ball at (914) 368-9919.