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Why To Consider The Westchester Bank For Your Next Business Loan

Published 03/23/2016

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

“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.”


Serving Those Who Help the Community
From Left to Right: John Tolomer, Maria Elena Perez

“The Westchester Bank provided the financing we needed for a major construction project. I like the fact that they’re local, friendly and easy to work with.”

John Tolomer, President & CEO, The Westchester Bank
Maria Elena Perez, Executive Director, Methodist Home for Nursing and Rehabilitation

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Published 06/05/2018

The Westchester Bank has recently been honored as a 2018 Best Companies to Work for in New York State. This is the second consecutive year the Bank has been so recognized. It is also their first time as a “Top 10” Best Company in the small-sized employer category (ranking #9).

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