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.
For the second time, GRB has won a Best of the Web award in the banking/finance category at the RBJ's annual event. We previously won in 2011. Many thanks to our marketing agency, Mason Marketing, for designing the website.
The judges commented that the photos and quotes from our clients and employees "humanized" the bank, and that information was easy to find. Marketing Manager Kate Jacus was on hand to receive the award at the annual event.
Chief Lending Officer Dave Halladay was quoted in an RBJ article about business refinancing. As interest rates begin to rise, businesses with variable rate loans are looking at refinancing to a fixed rate. The article examined the closer relationship commercial borrowers have with their lenders; it's much less transactional than for peple refinancing homes.
"A certain component of [refinaning] is interest-rate driven, but it really comes down to what's going on in an individual business and where they are in the business cycle," Halladay says. Since businesses' capital needs evlolve as they change and grow, it is imperative that commercial lenders are regularly connecting with their borrowers.
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.
Read the RBJ's coverage here and the RBA's online database of Top 100 companies here.
Congratulations to Leann Hicks, CFO at Pharos Systems. She was honored today with the award for Financial Executive of the Year - Small Business Category at today's annual luncheon.
Co-presented by the Rochester chapter of Financial Executives International and the Rochester Business Journal, the award recognizes financial executives who have made outstanding contributions to their organizations and to the community during the past year.
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.