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.
Congratulations to our VP, Risk Management Officer Brandon Beardsley for being named to the 2018 RBJ Forty Under 40 list! Brandon joined GRB five years ago as an internal auditor. He was promoted to his current role leading the bank’s regulatory and compliance team in 2016. Dedicated to community service, Brandon is on the Camp Good Days and Special Times Inc. board and received the 2017 Teddi Award, awarded by Camp Good Days for voluntary services that go above and beyond. He also participates in a number of industry and local organizations including the Rochester Security Clearinghouse, Institute of Internal Auditors, Rochester Young Professionals, and Information Systems Control & Association (ISACA). Way to go, Brandon!
For 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.
The 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.
On Thursday, May 24 the Red Cross Bloodmobile will be at Genesee Regional Bank’s Winton Road location from 9 a.m. to 2 p.m. GRB is proud to partner with the American Red Cross and be a part of all they do for our community, our country and around the world. Our blood drive is important to patients in need, but the collection and distribution of blood is just a small part of all the Red Cross does:
Every 60 seconds, 44 people in America are assisted by the American Red Cross.
15,500 people every day receive lifesaving Red Cross health and safety training.
1,000 times a day the Red Cross provides services to military members, their families and veterans.
190 times a day Red Cross workers help families affected by a home fire or disaster.
From a blood supply standpoint:
Each pint of blood we collect can help save up to three lives.
The Red Cross must collect 14,000 units of blood each day.
The blood collected by the Red Cross helps millions of patients in over 2,400 hospitals across the country.
80 percent of blood donations are given at blood drives are hosted by sponsoring organizations like ours.
Appointments for the GRB Blood Drive can be made in advance by clicking here. We hope you can join us to give blood and save lives!
Genesee Regional Bank (GRB) is pleased to have celebrated the addition of new services for both Retail and Commercial clients at its headquarters location at 1850 South Winton Road with a ribbon-cutting ceremony on May 2. The event also coincided with National Small Business Week, recognizing the significant contributions of small businesses to the U.S. economy.
As a small business itself, GRB serves the small business community and individuals exclusively in the Rochester region. Last year, GRB was presented with the Silver Award from the U.S. Small Business Administration for its lending activities. The bank is also one of the top residential mortgage lenders in the community and provides full retail banking services including home equity loans, checking and savings accounts, CDs, Health Savings Accounts and more.
In May 2016, GRB moved its headquarters to South Winton Road and added a small bank branch in the lobby with limited retail and business banking support. Responding to customer demand, the bank recently added state-of-the-art Cash Recyclers to support a full range of cash transactions in the Winton branch. Business customers can also begin using the new Night Depository in the bank’s secure vestibule area for after-hours deposits.
The ribbon-cutting was attended by Nelson Lopatin from the Brighton Chamber of Commerce, Brighton Town Supervisor William Moehle, Director of Communications for the Honorable NYS Senator Joseph E. Robach, Director of Planning and Development for Monroe County Jeff Adair and President and CEO of the Greater Rochester Chamber of Commerce Bob Duffy.
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. A special thank you to all of the business owners who took the time to provide thoughtful answers to the challenges and successes they’ve experienced on their journey of entrepreneurship.
Look for the accompanying campaign with the theme, “Spotlight on Small Business” on our social media channels.
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: