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.
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.
GRB fielded two teams for the Rochester Marathon relay on September 22. Nancy Maynard, a GRB Commercial Relationship Manager, serves on the board of the local chapter of the Arthritis Foundation, the organization that puts on the marathon.
Along with our running teams, we were proud to support the Arthritis Foundation by being a sponsor of the Friends & Family tent at the finish line.
Congrats to all who participated!
GRB runners Nancy Maynard, Tim Levine, Harrison Taylor, & Stephanie Marks
On May 21, GRB runners and walkers participated in the annual Rochester JP Morgan Chase Corporate Challenge. The beneficiary of this year's event was the YMCA of Greater Rochester, an organization GRB is also proud to support.
Gaining yet more recognition on a national list, Rochester has earned a spot on Techie.com's list of the Ten Most Unexpected Cities for High-Tech Innovation. The listing highlights our student populations at the University of Rochester and RIT, university research dollars, and a tech-savvy workforce with lots of patents.
Other cities on the list were Chattanooga, Cincinnati, Des Moines, Detroit, Las Vegas, Milwaukee, New Orleans, Portland (ME), and South Bend.
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.
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.
Duncan Moore, a University of Rochester professor, has written a great op-ed piece about Rochester in the New York Times. He notes that since we've nurtured a "fertile entrepreneurial class" through our universities and private/public partnerships, Rochester is thriving. Moore challenges local businesses to continue to invest in the community.
GRB is proud to embrace this enterpreneurial spirit and be a resource for companies who are doing just that.
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.)
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.