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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

Click here for more information about our Special Services

MONEY MARKET ACCOUNT 1.00% ANNUAL PERCENTAGE YIELD Click to Learn More

Helping Westhab Build a Better Community
From Left to Right: John Tolomer, Richard Nightingale, Frank Pastirchak

“As a non-profit, finding a partner that takes the time to listen … and truly understand our financial needs is key. That’s why we chose The Westchester Bank.”

John Tolomer, President & CEO, The Westchester Bank 
Richard Nightingale, President and CEO, Westhab, Inc. 
Frank Pastirchak, VP-Commercial Lending, The Westchester Bank.


Latest News

The Westchester Bank continues Growth with Newest Branch Opening in Ossining

Published 10/14/2019

The Westchester Bank, continuing to expand its countywide footprint, is pleased to announce the opening of its newest branch located at the Arcadian Shopping Center, 240 South Highland Avenue in Ossining.

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