Skip to main content
Show Full Navigation
Site Navigation

Special Services

Attorney Escrow Management Accounts

  • No monthly service charges
  • All record keeping and tax recording handled
  • Monthly detailed statements for sub-accounts
  • Simple interest
  • Balance inquiries and transfers may be made online or via telephone
  • Saves attorneys from repeated trips to the bank

Tenant Security Accounts

  • No per item or monthly maintenance fees
  • No minimum balance to earn interest
  • Deposits maintained in individual sub-accounts
  • Quarterly reports available
  • Master Account Statements available monthly in paper and electronic formats
  • Option to automatically remit management fee to landlord
  • Will not reduce principal
  • Eliminates bookkeeping burden for landlord

 IOLA Accounts

  • Interest compounded daily
  • New interest payments made to IOLA Fund in Albany for distribution
  • Monthly statement with IOLA payment details
  • Interest earned for full term of deposit on the funds
  • Automatic remittal of funds to government agencies


Driven to Make You Succeed
From Left to Right: Jonathan Gran, John Tolomer

“When I call my banker I know I’ll get service that’s responsive and personal. In today’s tough economy, The Westchester Bank is like a breath of fresh air.”

Jonathan Grant, Owner, Central Avenue Nissan, Central Avenue Chrysler, Jeep Dodge, Chrysler Jeep Dodge of White Plains, White Plains Hyundai  
John Tolomer, President & CEO, The Westchester Bank

Latest News

California Closets Makes Room For Local Bank

Published 01/10/2018

WHITE ​PLAINS, ​N.Y. ​-- ​California ​Closets ​was ​founded ​in ​1978 ​by ​an ​18-year-old ​college ​student who ​turned ​his ​innovative ​way ​of ​maximizing ​dorm-room ​space ​into ​a ​thriving ​business. ​Since then, ​the ​company ​has ​become ​one ​the ​fastest ​growing ​in ​the ​country ​and ​has ​set ​the ​standard for ​closet-organization ​systems.