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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.

E. Philip Saunders Selected as ICON Honors Recipient

E. Philip Saunders Receives ICON HonorCelebrating the selection of GRB's Co-founder and Chairman of the Board E. Philip Saunders to the ICON Honors class of 2018! The ICON Honors awards recognize Greater Rochester Area business leaders over the age of 60 for their notable success and demonstration of strong leadership both within and outside of their chosen field.

Mr. Saunders is the founder of a number of notable companies including Truck Stops of America, Griffith Energy, Travel Centers of America and Sugar Creek Corporation.  In addition, Mr. Saunders is an owner of Essex Property Management, a company responsible for commercial properties. Other significant ownership interests include Valley Fuels, Bristol Harbour Resort, Sugar Creek Farms, Western New York Energy and American Rock Salt.

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GRB Welcomes Tim Jones to Executive Team as Chief Lending Officer

Executive Vice President and Chief Lending Officer Tim JonesGRB Executive Vice President Dave Halladay to Take on New Position as Chief Credit Officer

Genesee Regional Bank (GRB) is pleased to announce that Tim Jones has joined the bank’s leadership team as Executive Vice President, Chief Lending Officer.  Executive Vice President Dave Halladay will take over the newly created role of Chief Credit Officer.   

Jones, who has more than 25 years of commercial banking experience in the local Rochester market, will oversee the commercial relationship management team and lead GRB’s business development efforts.  Jones earned a bachelor’s degree in economics/finance from Ithaca College and completed his Master of Business Administration at Rochester Institute of Technology’s Saunders College of Business.  He also completed the Senior Leadership Development Program at the University of Michigan’s Ross School of Business.  Active in the community, Jones is a member of the Board of Directors and serves on the Audit and Finance Committees for Our Lady of Mercy School for Young Women and is a member of the Board of Directors of Friends of Constellation Brands Performing Arts Center (CMAC).  He is also a former chairman of the Board of Directors of Bivona Child Advocacy Center, and continues to serve the organization as a member of its Stewardship Committee.

“We are pleased to welcome Tim Jones to the GRB team.  Tim is an exceptional banker who brings solid credit acumen and extensive sales management experience to GRB,” said Philip L Pecora, GRB’s President and CEO.  “In the last decade, GRB has grown five-fold in total assets, adding hundreds of new commercial client relationships and more than 80 employees.  With a focus on continued growth, we feel it was time to bring additional leadership resources to the bank.” 

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You Could Be Surprised with Mastercard Surprises!

Image of woman enjoying visit to NYCGRB is pleased to announce that it is participating in the Priceless Surprises® campaign with Mastercard®, allowing eligible cardholders to be entered for prizes just for using their GRB debit card.  Surprises range from $500 statement credits to once-in-a-lifetime trips - and one GRB customer is guaranteed to win one of the $500 prizes!

The grand prize winner can select one of the following amazing destinations:

  • New York City                  
  • Los Angeles
  • Hawaii
  • Miami
  • Chicago

Beginning Oct. 1, 2018, Cardholders will automatically receive one (1) entry into the promotion each time they use their Mastercard to make a purchase during the promotion period through Dec. 30, 2018. PIN-based purchases made with a Debit card, international transactions and transactions with an HSA Mastercard or small business Mastercard are not eligible for an entry. The promotion is open to our Mastercard debit cardholders age 18+ who are U.S. residents, and cardholders in good standing. 

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Is Your HSA Due for a Check Up?

Laura Benotti, HSA Relationship ManagerFor those with a High Deductible Health Plan, your Health Savings Account is an important part of your health benefits package. 

"To maximize its benefits, make sure and give it a 'mid-year check up,'" says Genesee Regional Bank's Health Savings Account Relationship Manager Laura Benotti. 

"Your situation may have changed significantly since the beginning of the year," noted Benotti.  "If you aren't maxing out your HSA contribution and you end up adding a new medication or treatment, you could fall short in your account and not be able to take advantage of all the pre-tax savings offered by your HSA.  Take this opportunity to figure out whether you need to make some changes while there is still time to spread additional contributions out over the remainder of the year."

Benotti also points out that the opposite problem can also occur...contributing too much.  Since HSA dollars are saved as pre-tax dollars, if you contribute too much to your HSA account you will need to rectify the situation prior to filing your taxes or face an excise tax. 

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Facial Recognition Support Available on GRBmobile for iOS Users

Photo illustration representing facial recognition technologyThe latest upgrade to GRBmobile brings a number of enhancements to users, including support for iOS facial recognition technology used on the iPhone 10.  Now, GRBmobile users that unlock their mobile device with facial recognition can also bypass the user name and password requirement for GRBmobile using the same process.

If you have automatic updates turned on for GRBmobile, the latest version will be installed when available. If you manually update GRBmobile, go to the App Store or Play Store to install the latest version.

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