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Welcome to the GRBblog! Get to know GRB, Rochester's only locally owned and managed commercial bank. A commercial bank, but also a community bank, with an entrepreneurial spirit about everything we do. We're committed to Growing Rochester Business and making our community a better place to live and work.

The GRBblog is where we post bank news and information, stories about the great organizations we support, and share relevant local and national business news.

No Phishing Here! ABA and FTC Resource Aims to Help Raise Awareness of Email Fraud

ABA FTC infographicAs phishing becomes a top cyber threat—with losses growing to nearly $30 million in 2017 from $8 million in 2015, according to the FBI—the American Bankers Association and the Federal Trade Commission today released a new infographic highlighting this growing problem.

Accoding to the ABA, phishing scams typically involves emails, texts or calls that come from seemingly trusted sources that attempt to trick victims into clicking a link or handing over personal information. Once a scammer has the information, they can use it to steal the victim’s money, identity or gain access to their computer.

The infographic provides tips for consumers on how to spot potential scams, how to protect themselves against phishing attempts and how to notify the proper authorities. “One of the best ways to combat phishing is to implement multi-factor authentication, which is a second step to verify you are you, like sending a text to your phone with a confirmation code,” said ABA SVP Paul Benda. “We encourage consumers to use MFA for any of their accounts that support it, especially email and financial accounts.”

From the ABA Foundation web site:  https://bankingjournal.aba.com/2019/03/aba-foundation-ftc-release-infographic-on-phishing-threat/ 

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GRB Leaders Featured on Podcast Discussing Small Business, Community Commitment

Blood Sweat and Tim podcast landing page logoIf you have not had a chance to catch the recent podcast featuring GRB Founder and Chairman E. Philip Saunders and GRB President and CEO Philip Pecora, you need to grab 45 minutes and do so!  Such great stories about the roots of their personal and professional commitment to the local small business community, and what we can all do to help the Rochester community grow and prosper. 

Listen to the podcast.

"I've had many people that we've done business with (at the bank) that come to me and have actually thanked me.  You did more than just become my banker...you've really helped me see my business in a different light.  They've looked at us...like we've really helped them evolve into something else.  That makes you feel good."  

- E Philip Saunders

"As a bank, we believe in entrepreneurs."

- Philip Pecora

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Give Your Employees More Benefits with GRB

Employee benefits from GRB graphicGRB is pleased to offer our commercial business owners the opportunity to offer their employees a number of discounts on retail and mortgage banking services. 

Our resident affinity banking specialist Laura Smith come to your place of business and help your employees learn about the additional products, services and discounts available to them through your business banking relationship with GRB. 

GRB can provide your employees with:

  • Free financial education workshops
  • Discounts on residential mortgage closing costs
  • No-fee Health Savings Accounts
  • Interest-bearing checking accounts
  • And much more...

This email address is being protected from spambots. You need JavaScript enabled to view it. to see how you can work together to offer your employees additional benefits. 

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Ribbon-cutting Marks Official Opening of Re-located Greece Branch

Photo of guests cutting the ribbon in Greece BranchGenesee Regional Bank held its official ribbon-cutting ceremony for the re-located Greece Branch on Friday, Feb. 15.  With more space and additional features for our customers, we are pleased to be adding to our footprint in the Town of Greece.  We were pleased to have a number of customers, associates and special guiests available to help us celebrate.  Thank you to the following for sharing in this wonderfuil event:

  • Sarah Lentini, our co-host and President and CEO of the Greece Regional Chamber of Commerce
  • Joseph Robach, New York State Senator for the 56th District
  • Jeff Adair, Chief Economic Development Officer for Monroe County
  • Andy Conlon, Receiver of Taxes for the Town of Greece, representing Supervisor Bill Reilich
  • Kevin Donohue, Director of Membership for the Greater Rochester Chamber of Commerce

Stop by and visit us the next time you are in the area.  

Greece Branch

4180 West Ridge Road

Rochester, NY  14626

See our social media channels for additional photos!

 

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GRB Named to "Best Companies" List for 2019

Best Companies Award Logo - 2019GRB is proud to announce that it has been recognized as one of the "Best Companies to Work for in New York 2019" by the NYS chapter of the Society for Human Resource Management (SHRM) in the small/medium size category. The 2019 award marks GRB's sixth year on the "Best Companies" list.

Rankings in the annual program are chosen based on employee responses to the engagement and satisfaction survey, as well as the employer-provided benefits and policies questionnaire. The results are analyzed based on eight core focus areas:

  1. Leadership and Planning
  2. Corporate Culture and Communications
  3. Role Satisfaction
  4. Work Environment
  5. Relationship with Supervisor
  6. Training, Development and Resources
  7. Pay and Benefits
  8. Overall Engagement

It is no small feat to appear on this list year after year. So, to the members of the GRB team, a sincere thank you!

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New Greece Branch Up and Running!

GRB is excited to share the news that its new Greece branch location is ready to serve you better!  As of Monday, Jan. 28, the Greece Branch is located at:

Inside picture of the new Greece Branch4180 West Ridge Road

Just west of Kohl's in The Shops at Hampton Ridge Plaza

We are pleased the new location will offer a number of significant benefits for our customers, including:

  • Two Drive-up Teller Lanes
  • 24/7 Drive-up Night Depository
  • 24/7 ATM in Vestibule
  • Offices for Added Privacy
  • Easier In and Out, Ample Parking

"GRB has experienced substantial growth in its retail, mortgage and commercial lines of business," said Paul Keenan, Senior Vice President and Retail Banking Manager.  "Our new location provides added convenience for our current customers and offers additional space so we can continue to grow all three lines of business."

We will be conducting an official ribbon-cutting ceremony and reception from 4-6 p.m. on Friday, Feb. 15. 

 

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January Fundraising for Veterans

Veterans Outreach Center logoGRB Mortgage is pleased to announce it is sponsoring a fundraiser to benefit our local service men and women. GRB's Mortgage Team is offering free appraisals on VA loans and will donate $25 for every residential mortgage application taken throughout the monh of January 2019 to the Veterans Outreach Center (VOC).

For those of you who may not be familiar with VOC, the organization was established in 1973 and provides comprehensive resources to current and former members of the U.S. Armed Forces and their families through direct service, community collaboration and advocacy. This includes providing a wide range of services such as benefits counseling, job training and placement, mentoring, legal resources, therapy services, housing assistance and much more.

You can learn more about VOC and follow their efforts at www.vocroc.org.

 If you are interested in a VA loan or any other residential mortgage option, talk to our mortgage team.

Spread the word and we thank you in advance for your support of our local service men and women.

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Greece Branch Moving to Serve You Better

GRB is excited to share the news that it will be relocating its Greece branch, currently located at 2300 West Ridge Road, just a little further west to a larger location at:

Photo of new Greece location4180 West Ridge Road

Just west of Kohl's in The Shops at Hampton Ridge Plaza

The new branch will officially open for business on Monday, January 28 at 8:55 a.m.  We are pleased the new location will offer a number of significant benefits for our customers, including:

  • Two Drive-up Teller Lanes
  • 24/7 Drive-up Night Depository
  • 24/7 ATM in Vestibule
  • Offices for Added Privacy
  • Easier In and Out, Ample Parking

"GRB has experienced substantial growth in its retail, mortgage and commercial lines of business," said Paul Keenan, Senior Vice President and Retail Banking Manager.  "Our new location provides added convenience for our current customers and offers additional space so we can continue to grow all three lines of business."

PLEASE NOTE:  In preparation for the move, the current Greece Branch will close at 2 p.m. on Friday, Jan. 25.  

 

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Your GRB Mastercard Could Take You to Hawaii

GRB is pleased to announce that it is participating in the Priceless Surprises® campaign with Mastercard®, allowing eligible cardholders to be entered for prizes just for using their GRB debit card.  Surprises range from $500 statement credits to once-in-a-lifetime trips - and a GRB customer is guaranteed to win one of the $500 prizes!

MasterCard Surprises promotional graphicThe grand prize winner can select one of the following amazing destinations:

  • New York City                  
  • Los Angeles
  • Hawaii
  • Miami
  • Chicago

Beginning Jan. 1, 2019, cardholders will automatically receive one (1) entry into the promotion each time they use their Mastercard to make a purchase during the promotion period through March 31, 2019. PIN-based purchases made with a Debit card, international transactions and transactions with an HSA Mastercard or small business Mastercard are not eligible for an entry. The promotion is open to our Mastercard debit cardholders age 18+ who are U.S. residents, and cardholders in good standing. 

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E. Philip Saunders Selected as ICON Honors Recipient

E. Philip Saunders Receives ICON HonorCelebrating the selection of GRB's Co-founder and Chairman of the Board E. Philip Saunders to the ICON Honors class of 2018! The ICON Honors awards recognize Greater Rochester Area business leaders over the age of 60 for their notable success and demonstration of strong leadership both within and outside of their chosen field.

Mr. Saunders is the founder of a number of notable companies including Truck Stops of America, Griffith Energy, Travel Centers of America and Sugar Creek Corporation.  In addition, Mr. Saunders is an owner of Essex Property Management, a company responsible for commercial properties. Other significant ownership interests include Valley Fuels, Bristol Harbour Resort, Sugar Creek Farms, Western New York Energy and American Rock Salt.

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GRB Welcomes Tim Jones to Executive Team as Chief Lending Officer

Executive Vice President and Chief Lending Officer Tim JonesGRB Executive Vice President Dave Halladay to Take on New Position as Chief Credit Officer

Genesee Regional Bank (GRB) is pleased to announce that Tim Jones has joined the bank’s leadership team as Executive Vice President, Chief Lending Officer.  Executive Vice President Dave Halladay will take over the newly created role of Chief Credit Officer.   

Jones, who has more than 25 years of commercial banking experience in the local Rochester market, will oversee the commercial relationship management team and lead GRB’s business development efforts.  Jones earned a bachelor’s degree in economics/finance from Ithaca College and completed his Master of Business Administration at Rochester Institute of Technology’s Saunders College of Business.  He also completed the Senior Leadership Development Program at the University of Michigan’s Ross School of Business.  Active in the community, Jones is a member of the Board of Directors and serves on the Audit and Finance Committees for Our Lady of Mercy School for Young Women and is a member of the Board of Directors of Friends of Constellation Brands Performing Arts Center (CMAC).  He is also a former chairman of the Board of Directors of Bivona Child Advocacy Center, and continues to serve the organization as a member of its Stewardship Committee.

“We are pleased to welcome Tim Jones to the GRB team.  Tim is an exceptional banker who brings solid credit acumen and extensive sales management experience to GRB,” said Philip L Pecora, GRB’s President and CEO.  “In the last decade, GRB has grown five-fold in total assets, adding hundreds of new commercial client relationships and more than 80 employees.  With a focus on continued growth, we feel it was time to bring additional leadership resources to the bank.” 

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GRB on Rochester Top 100 List

Rochester Top 100 2018 winner logoGRB is pleased to announce it has once again placed on the Rochester Chamber and KPMG "Top 100" list.  GRB is the only bank on the Top 100.

To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth. 

We are also proud to note the number of GRB customers and partners on the Top 100.  The diversity of new businesses on the list and the consistent growth of long-standing local companies serves as a testament to the strength and innovative spirit that characterizes our region.  We wish everyone a sincere congratulations!

At GRB, we are fortunate to have a wonderful employee team serving our customers every day.  Thank you for your commitment and dedication.  You made this achievement possible. 

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You Could Be Surprised with Mastercard Surprises!

Image of woman enjoying visit to NYCGRB is pleased to announce that it is participating in the Priceless Surprises® campaign with Mastercard®, allowing eligible cardholders to be entered for prizes just for using their GRB debit card.  Surprises range from $500 statement credits to once-in-a-lifetime trips - and one GRB customer is guaranteed to win one of the $500 prizes!

The grand prize winner can select one of the following amazing destinations:

  • New York City                  
  • Los Angeles
  • Hawaii
  • Miami
  • Chicago

Beginning Oct. 1, 2018, Cardholders will automatically receive one (1) entry into the promotion each time they use their Mastercard to make a purchase during the promotion period through Dec. 30, 2018. PIN-based purchases made with a Debit card, international transactions and transactions with an HSA Mastercard or small business Mastercard are not eligible for an entry. The promotion is open to our Mastercard debit cardholders age 18+ who are U.S. residents, and cardholders in good standing. 

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GRB's Brandon Beardsley Recognized in RBJ Forty Under 40 Program

RBJ Brandon Beardsley 40 under 40 AnnouncementCongratulations to our VP, Risk Management Officer Brandon Beardsley for being named to the 2018 RBJ Forty Under 40 list! Brandon joined GRB five years ago as an internal auditor. He was promoted to his current role leading the bank's regulatory and compliance team in 2016. Dedicated to community service, Brandon is on the Camp Good Days and Special Times Inc. board and received the 2017 Teddi Award, awarded by Camp Good Days for voluntary services that go above and beyond. He also participates in a number of industry and local organizations including the Rochester Security Clearinghouse, Institute of Internal Auditors, Rochester Young Professionals, and Information Systems Control & Association (ISACA). Way to go, Brandon!

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Is Your HSA Due for a Check Up?

Laura Benotti, HSA Relationship ManagerFor those with a High Deductible Health Plan, your Health Savings Account is an important part of your health benefits package. 

"To maximize its benefits, make sure and give it a 'mid-year check up,'" says Genesee Regional Bank's Health Savings Account Relationship Manager Laura Benotti. 

"Your situation may have changed significantly since the beginning of the year," noted Benotti.  "If you aren't maxing out your HSA contribution and you end up adding a new medication or treatment, you could fall short in your account and not be able to take advantage of all the pre-tax savings offered by your HSA.  Take this opportunity to figure out whether you need to make some changes while there is still time to spread additional contributions out over the remainder of the year."

Benotti also points out that the opposite problem can also occur...contributing too much.  Since HSA dollars are saved as pre-tax dollars, if you contribute too much to your HSA account you will need to rectify the situation prior to filing your taxes or face an excise tax. 

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Facial Recognition Support Available on GRBmobile for iOS Users

Photo illustration representing facial recognition technologyThe latest upgrade to GRBmobile brings a number of enhancements to users, including support for iOS facial recognition technology used on the iPhone 10.  Now, GRBmobile users that unlock their mobile device with facial recognition can also bypass the user name and password requirement for GRBmobile using the same process.

If you have automatic updates turned on for GRBmobile, the latest version will be installed when available. If you manually update GRBmobile, go to the App Store or Play Store to install the latest version.

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Save a Life on May 24 - Actually, Make it Three Lives

American Red Cross logoOn Thursday, May 24 the Red Cross Bloodmobile will be at Genesee Regional Bank's Winton Road location from 9 a.m. to 2 p.m. GRB is proud to partner with the American Red Cross and be a part of all they do for our community, our country and around the world. Our blood drive is important to patients in need, but the collection and distribution of blood is just a small part of all the Red Cross does:

  • Every 60 seconds, 44 people in America are assisted by the American Red Cross.
  • 15,500 people every day receive lifesaving Red Cross health and safety training.
  • 1,000 times a day the Red Cross provides services to military members, their families and veterans.
  • 190 times a day Red Cross workers help families affected by a home fire or disaster.

From a blood supply standpoint:

  • Each pint of blood we collect can help save up to three lives.
  • The Red Cross must collect 14,000 units of blood each day.
  • The blood collected by the Red Cross helps millions of patients in over 2,400 hospitals across the country.
  • 80 percent of blood donations are given at blood drives are hosted by sponsoring organizations like ours.

Appointments for the GRB Blood Drive can be made in advance by clicking here.  We hope you can join us to give blood and save lives!

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Celebrating the Addition of New Services at Our Winton Road Branch

Photo showing ribbon cutting at Winton RoadGenesee Regional Bank (GRB) is pleased to have celebrated the addition of new services for both Retail and Commercial clients at its headquarters location at 1850 South Winton Road with a ribbon-cutting ceremony on May 2.  The event also coincided with National Small Business Week, recognizing the significant contributions of small businesses to the U.S. economy.

As a small business itself, GRB serves the small business community and individuals exclusively in the Rochester region.  Last year, GRB was presented with the Silver Award from the U.S. Small Business Administration for its lending activities.  The bank is also one of the top residential mortgage lenders in the community and provides full retail banking services including home equity loans, checking and savings accounts, CDs, Health Savings Accounts and more.   

In May 2016, GRB moved its headquarters to South Winton Road and added a small bank branch in the lobby with limited retail and business banking support.  Responding to customer demand, the bank recently added state-of-the-art Cash Recyclers to support a full range of cash transactions in the Winton branch.  Business customers can also begin using the new Night Depository in the bank's secure vestibule area for after-hours deposits.

The ribbon-cutting was attended by Nelson Lopatin from the Brighton Chamber of Commerce, Brighton Town Supervisor William Moehle, Director of Communications for the Honorable NYS Senator Joseph E. Robach, Director of Planning and Development for Monroe County Jeff Adair and President and CEO of the Greater Rochester Chamber of Commerce Bob Duffy. 

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National Small Business Week - Highlighting Local Success

More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.

As a small business lender, at GRB we know every small business has a story.  We are highlighting our celebration of National Small Business Week by helping tell those stories with in-depth customer profiles on our Web site.  A special thank you to all of the business owners who took the time to provide thoughtful answers to the challenges and successes they've experienced on their journey of entrepreneurship.  

Look for the accompanying campaign with the theme, "Spotlight on Small Business" on our social media channels and read the profiles on our customers on our Spotlight on Small Business page. 

 

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Genesee Regional Bank Named to "Best Companies" List for 2018

Best Companies award graphicGRB is proud to announce that it has been recognized as one of the "Best Companies to Work for in New York 2018" by the NYS chapter of the Society for Human Resource Management (SHRM) in the small/medium size category. The 2018 award marks GRB's fifth year on the "Best Companies" list.

Rankings in the annual program are chosen based on employee responses to the engagement and satisfaction survey, as well as the employer-provided benefits and policies questionnaire. The results are analyzed based on eight core focus areas:

  1. Leadership and Planning
  2. Corporate Culture and Communications
  3. Role Satisfaction
  4. Work Environment
  5. Relationship with Supervisor
  6. Training, Development and Resources
  7. Pay and Benefits
  8. Overall Engagement

It is no small feat to appear on this list year after year. So, to the members of the GRB team, a sincere thank you.  Your ability to work together, provide our clients with outstanding service, and help each other every day makes all the difference. Your Best Makes GRB the Best!

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