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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.

 

Read the RBJ's article here.

 

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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.

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April is Community Banking Month, and GRB is getting the word out about the benefits of banking locally. This article, from the Institute of Local Self-Reliance, lists the top five reasons to choose a community bank (or credit union).

 

GRB lives up to all of these reasons, and proves that banking locally supports the Rochester community in many ways.

 

Top 5 Reasons to Choose a Community Bank or Credit Union

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Midtown Athletic Club's member magazine, Spirit, recently interviewed GRB Chairman Phil Saunders. In part one of a two-part article, Phil talkes about his first business, making water skis at age 16, and other ventures in transportation, distribution, and energy businesses. Part two will be published in next quarter's issue.

 

Read the full article here.

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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.”

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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.

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Continuing his contributions to the Boys & Girls Club of Rochester, GRB Chairman Phil Saunders was on hand to judge a pizza creation contest. Held at UNO Chicago Grill's Henrietta location on February 23, twenty kids from the Boys & Girls Club devised pizza recipes that were cooked by UNO chefs.

 

Photo courtesy of Henrietta Post.

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Adding another fundraiser to it's annual calendar, the EquiCenter's inaugural Paddles for Saddles paddle tennis tournament is Saturday, March 3. Sign up for men's or women's doubles; all levels welcome! 

 

Check out our banner at Midtown:

 

 

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Empire State Lyric Theatre presents a chamber opera festival, March 2 - 4, 2012, and GRB is proud to be a major sponsor.

 

Susan Cotroneo, Executive Director, says that this festival is the first of its kind in the region. "Chamber opera is opera on a smaller scale; one act staged performances," she notes.  Even those new to opera will find these accessible and entertaining.

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GRB is proud to be a sponsor of one of our clients' events, the 5th Annual Meaghan's Hope 5K on April 21, 2012. Money raised supports the James P. Wilmot Cancer Center and the Lipson Cancer Center, directed towards lung cancer research. Click here for race details and to register.

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Congratulations to Pactech Packaging, Monroe County's Business of the Month for November. Read the county's press release here.

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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.)

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We congratulate Mark Gentile, President & CEO of Odyssey Software, on his recent award from the Rochester Small Business Council. At their annual luncheon, Gentile was named Business Person of the Year in the category of businesses with fewer than 50 employees.

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The Greece Chamber of Commerce today announced the six finalists for their Small Business of the Year Awards.  GRB is proud to be the presenting sponsor of this event for the third year in a row. Highlighting the successful, entrepreneurial, and community-minded small businesses that abound in Greece, there are two award categories this year. The Microenterprise of the Year (10 employees or fewer, and less than $2 million in revenue) joins the Small Business of the Year category.

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GRB has been awarded five stars in Bankrate.com's Safe and Sound Ratings Service for the quarter ended September 30, 2011. A 5-star rating is the highest award rating and is defined as a "Superior" ranking of financial strength and stability.

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GRB client Mark Landers and his wife Michelle run a successful car wash business, building and opening their most recent one with financing from GRB on Rt. 31F in Perinton.  They have three kids, and lead a busy life as small business owners.  Last March, Mark nearly died.

 
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CJ Rapp, inventor of Jolt cola, recently launched a new beverage. Karma water debuted locally in September.

 

From coverage in the Democrat & Chronicle:

 

Rapp said he made it a point with the new company to involve other Rochester-area businesses in various aspects of the enterprise.

 

"There are 10 to 12 locally based companies that have a business role with the new company," Rapp said. "There is tremendous talent in this community."

 

Among the local businesses involved are ValTech, Hammer Packaging, Martino Flynn, The Bonadio Group and Wright Wisner Distributing Corp. These local firms and others are doing parts of the overall process, such as manufacturing and distributing the caps and labels, designing the bottle and marketing the product using traditional and online approaches.

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As reported back in April, GRB Chairman Phil Saunders donated $10M to the University of Rochester Medical Center. The gift supports clinical care and research in neuromuscular disease, and underscores Saunders' desire to give to organizations that attract money and jobs to the region.

 

Photo via URMC.

 

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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.

 
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Clients enjoyed free Ben & Jerry's ice cream one afternoon in July as part of our 15th anniversary celebration.

 

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This month's Monroe County Business Brief has two GRB-related items. Commercial Banker, Pat Murray was honored earlier this summer as one of two County Bankers of the Year. His second time winning this accolade, Pat referred four projects to Monroe County Economic Development, all of which successfully closed.

 

GRB client Pactech Packaging, Inc. is highlighted in the Business Profile. A manufacturer of flexible packaging, Pactech recently moved to a 127,000 s.f. facility in Ogden, utilizing Monroe County's SBA 504 program to purchase and renovate the building.

 

 

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Join GRB in supporting the Bivona Child Advocacy Center by dining at Pellegrino's on July 28, 29, and 30. Bring in this flyer to either of the Pellegrino's locations between 3 - 8pm and 20% of your purchase will be donated to Bivona. Click Continue Reading for more details.

 

GRB has been a supporter of Bivona Child Advocacy Center for a number of years. This nonprofit facilitates a collaboration of professionals who specialize in child abuse. They protect, treat, and counsel children and their families so the journey of healing can begin. Click here for more information.

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Rochester Institute of Technology's Nathaniel Rochester Society has given its highest honor to Phil Saunders, founder of TravelCenters of America, chairman and founder of Genesee Regional Bank, owner of Saunders Management Co. and a member of the RIT bord of trustees. Click below for more or read the RIT news release.

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GRB Chairman Phil Saunders is not only an entrepreneur and philanthropist, but is also an avid outdoorsman who hikes, hunts and fishes on 3,000 acres he has come to own in the sleepy, picturesque Livingston County township of Ossian.

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GRB fielded a team of 19 employees running and walking in the annual JPMorgan Chase Corporate Challenge on May 24. 

 

 

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Continuing his philanthropic work for the Rochester area, GRB Chairman Phil Saunders has given a $10 million gift to the University of Rochester Medical Center’s neuromuscular program. Donating to organizations that bring jobs to the area is a priority for Saunders.

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The Greece Chamber of Commerce announced today the winners of their 2011 Civic Awards. GRB is proud to be a sponsor of this event, which highlights the impressive people and places that are working to make Greece an even better place to live and work. The awards ceremony will take place on 4/28 at the Greece Marriott.

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In 2006, RIT received $13 million from entrepreneur E. Philip Saunders to create the E. Philip Saunders College of Business.  A lifelong entrepreneur, Saunders is currently Chairman of GRB.  RIT highlighted him in their alumni magazine. 

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We are proud to announce the inaugural student art show at the Elizabeth Regional Gallery at ARTISANworks, made possible by GRB.  

 

For the first time, ARTISANworks is partnering with NYSATA Region 2 to help recognize the extraordinary K-12 student artists in this community.  Forty student works from 24 school districts will be on display in the Elizabeth Regional Gallery - a new gallery exhibit space sponsored by Genesee Regional Bank.

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Phil Saunders, GRB’s Chairman, embarked on an epic adventure last summer.  In July 2010, Saunders’ six-man team, the Sugar Creek Bears, paddled 17 hours a day for over a week on the Yukon River through Canada and Alaska.  RIT's alumni magazine profiled their odyssey

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