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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.

Lending Standards in Region Stay the Course

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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.

 

However, lending standards have not changed for GRB. Halladay notes that GRB has always been a conservative lender, mindful of a borrower's ability to repay its debt. We have an advantage here in Rochester over larger, national banks in that we know all our customers.

 

Read the full article here.

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Guest Sunday, 23 November 2014