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.
GRB is proud to announce that it has been recognized as one of the “Best Companies to Work for in New York 2018” by the NYS chapter of the Society for Human Resource Management (SHRM) in the small/medium size category. The 2018 award marks GRB’s fifth year on the “Best Companies” list.
Rankings in the annual program are chosen based on employee responses to the engagement and satisfaction survey, as well as the employer-provided benefits and policies questionnaire. The results are analyzed based on eight core focus areas:
Leadership and Planning
Corporate Culture and Communications
Relationship with Supervisor
Training, Development and Resources
Pay and Benefits
It is no small feat to appear on this list year after year. So, to the members of the GRB team, a sincere thank you. Your ability to work together, provide our clients with outstanding service, and help each other every day makes all the difference. Your Best Makes GRB the Best!
We are pleased to announce that GRB has once again been recognized by the U.S. Small Business Administration for its lending activities, earning a “Silver Award” for writing 36 loans worth $6 million to local businesses during the SBA’s fiscal year 2017. In total, our SBA loans helped preserve or add 419 jobs to the region’s economy.
We are also happy to announce that GRB team member Amber Rhinehart was presented with the SBA’s “Ignite Award” for her efforts in guiding our SBA customers through the lending process.
As a community bank, we couldn’t be more excited about our relationship with the SBA and what these loans mean to small businesses. Thank you to the SBA and to our local representative Virginia Smith for bringing us good news and advocating for businesses in our community!
Responding to rising ATM fees, Genesee Regional Bank (GRB) has partnered with the Allpoint and STAR® ATM networks to provide the bank’s debit card customers with more than 55,000 surcharge-free ATMs around the world. The network includes ATMs located within premier retailers in the Rochester region including Wegmans, Speedway, Walgreens, Rite Aid, Sunoco, Costco, Target, Walmart, Sam’s Club and more.
A 2017 Bankrate.com survey found that ATM fees have risen for the 11th consecutive year, now averaging $4.69 nationally for out-of-network withdrawals. Coupled with the fact that consumers will use an out-of-network ATM an average of at least 30 percent of the time when they withdrawal cash, ATM fees add up quickly for accountholders. With the holiday shopping season set to kick off next week, GRB hopes its customers will see an immediate benefit in both convenience and cost savings.
“As a Rochester-based financial institution, we do not want our local customers to pay fees to access their money. We already offer up to a $10 credit each month for any out-of-network ATM fees, but we think providing more options for surcharge-free ATMs creates an even better experience for our customers,” said Paul Keenan, Senior Vice President, Retail Banking Manager. “Adding the Allpoint and STAR surcharge-free networks, which have ATMs located in many major retailers, provides considerably more convenience and will help lower costs for our customers as they do their holiday shopping – and on an ongoing basis.”
“Even the largest companies began as a small business. Our support for this program highlights the importance of all businesses to our community,” said Pecora. “It is vital that we support the development of our community and recognize the efforts of those who are contributing to its economic stability and growth. Through this awards program, and the work they do every day, the Greece Regional Chamber of Commerce is providing a supportive framework to help business owners achieve success.”
If you want to know more about the Greece Regional Chamber of Commerce or the Greece community, check out the radio interview featuring chamber President and CEO Sarah Lentini on Entercom radio on our Facebook page:
Stacey MichaelsWednesday, October 25, 2017GRB News
GRB is pleased to announce it has moved up 14 spots to #30 on the Rochester Chamber and KPMG “2017 Top 100” list. GRB is the only bank on the Top 100.
To be eligible for the Rochester Chamber Top 100, businesses must be privately held, headquartered in the nine-county Rochester region, and have earned at least $1 million in revenue in each of the three most recent fiscal years. The Rochester Chamber Top 100 is computed based on revenue growth, taking into account both dollar and percentage growth.
We are also proud to note how many GRB customers and partners are on the Top 100. The exciting new ideas brought to market by newer companies on the list and the consistent growth of those who have made the list numerous times since the Rochester Chamber started the program 31 years ago, is a testament to the strength and innovative spirit that characterizes our region. Congratulations to everyone!
And finally, a tremendous thank you to all our employees. Your commitment and dedication to serving our customers made this achievement possible.
We are pleased to share that GRB Community Relationship Manager Chris Kiley was recently a guest on the “Business Voice” radio show on WYSL and hosted by the Greece Regional Chamber of Commerce.
Kiley discussed GRB’s focus on serving the Greater Rochester community and the bank’s commitment to supporting and developing small businesses in the region.
In speaking with Greece Regional Chamber of Commerce President and CEO Sarah Lentini, Kiley emphasized the differences in working with GRB over larger banks.
“We’re 100 percent local, so our decision makers are in Rochester,” said Kiley. “Our board of directors are local all businessmen so they can look at a business opportunity a little bit different than just as a banker – they can see the big picture. We can be a little bit more flexible in our lending and how we structure a deal.”
If you missed the program, you can still catch the podcast on the Chamber’s YouTube podcast link. Chris’ interview begins at the 50-minute mark.
On Oct. 10, RIT’s Saunders College of Business honored local entrepreneur, philanthropist and GRB Co-founder E. Philip Saunders with a permanent wall display at the college to celebrate the 10th anniversary of the naming of the Saunders College of Business. Mr. Saunders’ contributions to both the business community and to the community at large has been the cornerstone of his success. As the president and CEO of Saunders Management Co., Mr. Saunders remains committed to enhancing the Rochester region.
“Giving back to the community is an important thing to do for a person who has been successful. In the last decade, Saunders College has increased enrollment, attracted quality faculty and achieved high rankings.”
Enroll now. Save money. Earn a $7,500 grant. Buy a house in 10 months. That’s First Home Club with GRB.
A home remains one of the best long-term investments you can make. To make it easier for first-time buyers to purchase a home, GRB and the Federal Home Loan Bank of New York (FHLBNY) work together to provide down payment assistance through the First Home Club.
The First Home Club provides $4 in matching funds at closing for every $1 saved in a dedicated First Home Club Savings Account at GRB, up to a total grant amount of $7,500. Participants make monthly deposits into this account over a 10-month period and then use that money when the obtain a mortgage with GRB. And for a limited time, GRB is also offering a $50 gift card upon enrollment and $250 off mortgage closing costs.
The catch…we only receive a limited number of First Home Club enrollment spots each year, and we’re coming to the end of the year. Our remaining spots will go fast, but there is still time to get enrolled. GRB handles everything in house, so it takes less than 10 business days to get approved!
Buying a home is a significant investment, but GRB and the FHLBNY make it easier – and more cost effective – with First Home Club.
Congratulations to GRB’s Executive Vice President, Chief Lending Officer David Halladay on his recent appointment to the Bivona Child Advocacy Center’s Board of Directors. Bivona’s mission is to deliver excellence in child abuse response, healing and prevention through collaborative service, awareness, education and leadership. Established in 2004, the organization has served more than 16,000 children in our community deal with the effects of physical and sexual abuse.
We are pleased to congratulate The Village Bakery and Cafe, JoJo Bistro & Wine Bar, the Pittsford Farms Dairy & Bakery and ROC and Soul Fitness on their move to the Village of Webster on the northeast side of Main Street.
As the property owner of the largely retail space since 2014, GRB has been looking for the right mix of businesses for the stretch of shops, now known as North 43: The Shops at Main Street. It took time, but the wait has been worth it. The renovated and reimagined space for these businesses (and others!) promises to be a great area for Webster residents to gather and enjoy a wide variety of delicious restaurants and other services. North 43: The Shops at Main Street is a great example of partnership, creativity and community.
We congratulate Charlie Fitzsimmons, owner of The Village Bakery and Cafe and JoJo Bistro and Wine Bar and visionary for this project, as well as the other businesses that will be adding great new destinations to the village scene. Look for additional updates and photos as this project progresses…and find out details about the development in a recent Democrat & Chronicle article.