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.
The University of Rochester has expanded their map for the University Home Ownership Incentive Program to include several new neighborhoods. This program aims to increase the number of full-time and part-time U of R faculty living in and around the University’s River Campus and Medical Center. Up to $9,000 worth of funding may be available and already more than 350 homes have been purchased through the University Home Ownership Incentive Program since it was launched in 2008. The map provided on the GRB Home Mortgage page allows you to search a specific street address to determine if the property qualifies. The map previously included parts of the 19th Ward and the South Wedge and now includes the Upper Mount Hope area, Marketview Heights, EMMA neighborhoods and many more.
To get started, call the U of R Benefits Office at 585.275.0476 to verify your eligibility for the loan. Once you’ve received the go-ahead, you need to complete a grant application from the City of Rochester and discuss mortgage options with us here at Genesee Regional Bank before putting in a purchase offer for any property. You can call us at 585.427.9200 or send us an email. Happy house hunting Rochester!
GRB is pleased to announce it will be hosting two mortgage education sessions for military veterans at 10:30 a.m. and 1 p.m. on Thursday, July 20 at the Veterans Outreach Center (VOC), 459 South Avenue, Rochester, NY 14620.
GRB Mortgage’s Senior Vice President, Residential Mortgage Mike Pulver will provide information on the Rochester real estate market, low- and no-downpayment mortgage options, grant programs, credit, and other financing options.
You do not need to be working with the VOC to attend these sessions, all veterans are welcome! No need to RSVP, just mark your calendar and come see us to take the first step toward home ownership!
It’s not just the temperature that’s rising this summer…
According to the online real estate database Zillow, the market temperature for the city of Rochester is hot! Continuing a trend from 2016, housing inventory in the Rochester area is low and those looking to buy homes are dealing with increased competition. Increased demands in combination with rising interest rates are causing higher housing prices. So what is a prospective homebuyer to do?
Genesee Regional Bank is proud to be co-sponsoring a team of 27 GRB employees for the Rochester Corporate Challenge with WCI Realty, Inc. The Corporate Challenge began in 1977 as a way for companies to celebrate teamwork, camaraderie and community all while running a 3.5 mile race. It has grown into an annual event held in thirteen cities in seven different countries. The Rochester race was added in 1991 and has grown from 76 local companies to 329. This year the event will be held at Frontier Field on Tuesday, July 11th. All proceeds from this event will go towards the Hillside Work-Scholarship Connection (HWSC) and the Catholic Family Center (CFC) Adult Mentoring Program. Both the HWSC and the CFC are priority projects of the One Community Plan which works to alleviate poverty by supporting the Rochester-Monroe Anti-Poverty Initiative. Please visit https://www.jpmorganchasecc.com/city/rochester for more information. We’ll see you at the finish line!
Beginning July 5, 2017, checks you have written will now post to your account on the same day they are received by GRB (typically by 1 PM that day). Previously, checks clearing your account were processed in the evening and didn’t affect your available balance until the following morning.
The change applies to both individual customer and business accounts. Up-to-date balances will be reflected in online banking and in the cash available for withdrawal at ATMs.
Same-day check processing provides a more accurate, real-time view of your account and allows you to plan more carefully. To view your updated balance, simply log-in to your GRBonline account after 1 p.m. If additional funds are needed to cover checks you have written, you can transfer money online from other accounts or stop in to a GRB branch before close of business.
We are happy to announce that GRB is the presenting sponsor for Blues Bash 2017, a one-day-only celebration of blues music with an incredible line up of artists. Slated for Saturday, May 20, Blues Bash will include performances by Rochester favorite Steve Grills, internationally acclaimed guitarist Joe Beard, the soulful Alexis P. Suter Band, singer and harmonica player Tad Robinson and acclaimed blues guitarist, bandleader and producer Dave Specter.
You can go to one, two, three, or all four events. The “Bash Pass” ($50 presale) provides unlimited access to the Bash from beginning to end. Walk-up single tickets will be available on the day of the event for $20 per concert.
Blues Bash 2017 will be held at the Lyric Theatre, 440 East Avenue, in the heart of the Neighborhood of the Arts. There will also be food trucks and a cash bar.
“Our community has a rich musical history and we are proud to be bringing another signature event to the Rochester stage,” said GRB President and CEO Philip Pecora. “With an outstanding lineup of award-winning artists and the Lyric Theatre as the venue, GRB Blues Bash 2017 promises to be a fantastic opportunity for blues fans and music fans alike.”
GRB Mortgage is pleased to announce it is sponsoring a fundraiser to benefit our local service men and women. GRB Mortgage will donate $25 for every residential mortgage application taken in the month of May 2017 to the Veterans Outreach Center (VOC).
For those of you who may not be familiar with VOC, the organization was established in 1973 and provides comprehensive resources to current and former members of the U.S. Armed Forces and their families through direct service, community collaboration and advocacy. This includes providing a wide range of services such as benefits counseling, job training and placement, mentoring, legal resources, therapy services, housing assistance and much more.
Every year since 1963, the President of the United States has issued a proclamation announcing National Small Business Week, which recognizes the critical contributions of America’s entrepreneurs and small business owners.
More than half of Americans either own or work for a small business, and they create about two out of every three new jobs in the U.S. each year.
As a small business lender, at GRB we know every small business has a story. We are highlighting our celebration of National Small Business Week by helping tell those stories with in-depth customer profiles on our Web site. We are proud that our customers are household names that provide vital services, jobs and support for our community.
Look for the accompanying campaign with the theme, “Spotlight on Small Business” in our social media channels.
Beers of the World
More information on the week’s SBA-sponsored events can be found on the SBA Web site.
It seems like only yesterday that GRB moved its headquarters to the new building at 1850 South Winton Road. But it has been one year already and we took a few moments to celebrate with all of the employees who put in extra hours to make the move possible, and with those who have joined us since. The building is a sign of the bank’s growth — past and future. We are grateful for the wonderful employees, board members, partners and clients who helped make it all possible. Thank you!