GRB is excited to announce that we are a finalist in the Rochester Business Journal's annual Best of the Web awards.
We have some tough competition. The award breakfast is March 13. Stay tuned to see if we win!
As you may know, there was a data breach on some credit and debit cards used at Target stores between November 27, 2013 and December 15, 2013. GRB customers who made a card transaction at Target during those dates may be affected.
We encourage you to monitor your credit card and bank account activity on a regular basis for suspicious transactions. If you discover any unusual activity, be sure to report it immediately to your financial institution.
To monitor your GRB account(s), you can use your monthly statements, or review them more frequently using GRBonline. If you suspect that there has been unauthorized activity on your GRB account, please contact us immediately. Call 585-249-1540 between 8am and 5pm, Monday through Friday, or visit a GRB branch location. To report fraud during non-business hours, please call 585-662-9133.
Genesee Regional Bank is pleased to announce the addition of 40 new employees to our Residential Mortgage team. These industry veterans are former employees of First Rochester Mortgage and divisions, Eastcap Mortgage and CenterPointe Mortgage. The company’s founder, Armando Capuano, will become Vice President and Manager of Residential Mortgage Lending at GRB.
“Adding such depth to our team is testament to GRB’s continued growth and the strong opportunity in the local residential marketplace,” says Phil Pecora, GRB President & CEO. “We have served hundreds of clients since we started our residential mortgage department six years ago, and look forward to our substantially increased capacity.” In 2012, First Rochester and its divisions originated $200 million in local mortgage volume.
GRB’s mortgage team offers a high level of personal service, with quick lending decisions made locally.
“My team and I are excited about joining another growing organization focused on serving the local community, says Capuano. “Both First Rochester Mortgage and GRB have been Rochester Top 100 companies, and we anticipate continued growth now that our employees are working together.”
The new GRB MortgageTM offices are located at 919 Winton Rd. S. and 2024 W. Henrietta Rd., Suite 2A. More information here.
We are excited to announce that GRB has been ranked #73 on the 2013 Rochester Top 100 list. Our consistent growth has helped us place on the list five out of the last seven years. Thanks to our clients and partners for helping us achieve this honor.
The annual program of the Rochester Business Alliance Inc. and KPMG LLP spotlights the region's fastest-growing private companies, based on dollar and percentage revenue increases over the past three fiscal years, with a minimum of $1 million in annual sales required.
GRB's Pittsford branch this week unveiled extensive renovations, updating the interior finishes and creating better usable space. Many thanks to NH Architecture for the design work, and West Construction for the renovation work.
We are pleased with our updated branch, which will offer clients more privacy during transactions, a more comfortable waiting area, and increased conference room space.What hasn't changed is the free coffee and our welcoming, helpful branch staff! Stop by for a visit soon.
GRB is pleased to announce that we have received a Silver Award from the Small Business Administration (SBA), for the fiscal year ending Septemebr 30, 2012. This places us third among local banks who participate in SBA programs.
The Silver Award recognizes instutitions who have produced over $5 million in SBA-guaranteed loans.
The Rochester Top 100 recognizes the fast-growing privately held companies in the Rochester region. GRB is proud to have been included in the Top 100 for the past 3 years, ranking 41st in 2011. CEO Phil Pecora discusses GRB's strategy and the current banking environment in a recent interview with the Democrat & Chronicle.
Read the Democrat & Chronicle interview here.
Loans to Rochester small businesses are alive and well, reports the Democrat & Chronicle. Small Buiness Administation (SBA) lending in Rochester has been climbing, with 406 made in fiscal 2011, surpassing the 360 made in fiscal 2010.
For the current fiscal year, GRB was one of the banks that has doubled SBA loans made in the same time period last year.
April is Community Banking Month, and Genesee Regional Bank (GRB) is celebrating the vital role that community banks serve in the economic, civil, and cultural life of their communities. This commemorative month is a program of the Independent Community Bankers of America (ICBA).
“It is GRB’s mission as a community bank to help grow Rochester business,” said Phil Pecora, GRB President & CEO. “With our stable assets and local decision making, we have the flexibility to find creative solutions to small businesses’ financing needs. Building deep-rooted relationships with clients by offering highly personalized service and local economic expertise is part of the unique banking experience we provide.”
Thanks to a stable regional economy and a local customer base well-known to lenders, regional commercial lending standards have stayed the course since the 2008 financial crisis, reports the Rochester Business Journal.
Dave Halladay, senior vice president and GRB's chief lending officer, is quoted extensively in the article. "Customers who put expansions on hold are now looking to grow." He adds that GRB is making loans in sectors from manufacturing to sevices.
GRB is proud to announce we are ranked #41 on the 2011 Rochester Top 100 list. This is our fourth year on the Rochester Business Alliance's list, which ranks the region's fastest growing, privately held companies.
Preident & CEO Phil Pecora notes that the bank's success is a tribute to the hard work of our employees, and is also linked to the success and loyalty of our clients, many of whom share in the Top 100 rankings.
(Read about one of those clients, Fibertech Networks, in this D&C profile for their 4th place ranking.)
As we work to help small business in Rochester grow even in these challenging economic times, it made sense for us to take advantage of federal funds available for just that purpose. GRB is one of 20 community banks nationwide to receive part of $253 million in capital through the Treasury Department's Small Business Lending Fund (SBLF).
Part of the Small Business Jobs Act, the SBLF was established to encourage community bank lending to small businesses. Read the Daily Record article here.