News & Views
Rochester a Top City for Consumer Banking
Personal Finance site NerdWallet recently released a study that named Rochester as #10 in consumer banking options out of the 100 largest U.S. cities. Original post: "Ten Best Cities for Consumer Banking 2014."
Selecting cities based on the diversity of banking options, average savings account interest earnings, fees charged, and branch accessibility, among other criteria. Cincinnati tops the list.
GRB gets a mention in the ranking list:
Rochester makes its first appearance on this annual list in part by being home to a high number of bank and credit union branches. There are more than 70 branches per 100,000 residents operating within the city, meaning that residents have more ready access to in-person financial services. Even local institutions like Genesee Regional Bank offer a number of physical branches to help reach consumers. Rochester's ranking is also helped by a lower than average monthly checking fee, at approximately $8.24.