WESTCHESTER COUNTY, N.Y. -- In the midst of a historic national economic meltdown, The Westchester Bank face a critical moment very early in its history. With its original offices in two double-wide trailers in Yonkers, The Westchester Bank had been in business only a few months before a nationwide recession brought the economy to its knees.
“The decision we had to make in November of 2008 is do we allow it to define us, or do we define the moment,’’ said John Tolomer, President and CEO of The Westchester Bank. “Fortunately, we were able to accrue a very strong banking team who loved the idea of being able to work with small and medium-sized businesses.”
Focusing on its “Banking Made Personal” brand, The Westchester Bank has expanded and now has five locations throughout Westchester. It serves a wide range of clients, from “Mom-and-Pop” sized businesses to others that have more than $100 million in sales. “What we have found is that because of technology, we can do everything the big guys can do,’’ Tolomer said.
The Westchester Bank recently received a 5-Star Bauer Rating, the industry gold-standard 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.
Click on the video above to watch the full interview with John Tolomer.
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