The Westchester Bank to Expand With New Branch in Downtown White Plains, NY

PR Log (Press Release) – Sep 14, 2009 – YONKERS, NY – Building on the momentum of a highly successful first year in business, The Westchester Bank announced that it has received regulatory approval from the New York State Banking Department and the FDIC to open its second branch in Westchester County.

The new branch will be located at 464 Mamaroneck Avenue in downtown White Plains. The 2,200-square-foot branch location, which was formerly a branch for Washington Mutual, is expected to open in late fall.

“This is an exciting and important milestone for our Bank. Our new White Plains branch will position us for continued growth in what is one of the region’s most dynamic cities,” said John Tolomer, President and CEO of The Westchester Bank.

“Downtown White Plains is enjoying a remarkable renaissance with new housing, retail stores, restaurants and small businesses. This is an ideal market for our Bank which prides itself on providing businesses and consumers with highly personal and responsive service,” he added.    
 
Earlier this year, The Westchester Bank officially opened it new 8,000-square-foot headquarters and branch at 2001 Central Park Avenue in Yonkers. Currently the Bank’s assets total over $116 million with deposits in excess of $100 million with more than $50 million in commercial loans.  

A New York State Chartered and FDIC insured commercial bank, The Westchester Bank offers a comprehensive line of banking services to businesses and consumers including business and personal checking, business lending, commercial mortgages, savings accounts, CDs, money market accounts, Interest On Lawyer Accounts (IOLA), attorney escrow accounts and tenant security accounts. The Westchester Bank utilizes the latest technology and online services to provide convenient service to its customers. For the Bank’s business customers, there’s the remote capture service that allows you to safely and securely deposit checks directly into your account without ever leaving your office. In addition, the Bank’s website features an Online Banking Center where customers can manage their accounts and make transactions online.  

For more information about The Westchester Bank please visit www.thewestchesterbank.com or call (914) 337-1900.