WESTCHESTER COUNTY, N.Y. Westchester businesses that receive loans from The Westchester Bank get more than the cash they need to grow. They also receive the peaceofmind that comes from personal handson service, security and a dedicated bank staff that understands their needs.
The Westchester Bank recently received a 5Star Bauer Rating, the industry goldstandard for financial strength and stability. In addition, the Bank earned a Top 25 Commercial Lenders in the nation ranking by Independent Banker for community banks with over
$500 million in assets. This also goes along with an A+ rating from DepositAccounts.com.
“What sets us apart is we understand local markets and businesses,’’ said John Tolomer, President and CEO of The Westchester Bank. “We’re able to underwrite credit efficiently because the loan decision process is both local and streamlined. We understand the nuances of the local markets and local industries. We’re able to visit our customers to see what’s driving their business and help formulate a loan program that suits their needs and protects the shareholders of the bank.”
Westchester businesses have three TWB professionals working with them at all times: a lender, a branch representative and a cash management representative. “We work as a team and make ourselves available whenever needed,’’ Tolomer said.
TWB offers the same products and services as many larger, national banks. As a community bank, it can turn loans around in 23 days or 23 weeks, depending on the loan’s complexity and how swiftly the business provides the necessary documents. Larger banks make a vast majority of loans based on an automated approval process and usually outofstate, whereas The Westchester Bank takes time to develop a relationship with each customer and makes its lending decisions on far more than just numbers.
Banking, like most businesses, should be all about forging relationships and building upon them over time. In just over seven years, Tolomer and his team at The Westchester Bank continue to execute their formula for success Banking Made Personal to create a loyal, satisfied and growing customer base.
The Westchester Bank seeks to help clients with a “cando” attitude toward loans. That’s a sea change from many banks, who look to deny loans. “It all starts with communication,’’ Tolomer said. “We want to help people in our market. We look at what The Westchester Bank would be comfortable with, and then we communicate what we think is in the best interest of the company, the customer and us, and perform accordingly. We know the model works and continue to execute it faithfully every day.”