The Westchester Bank tops $500M in assets

The Westchester Bank”™s assets topped $500 million for the first time in the institution”™s history, the bank announced Monday.

Assets at The Westchester Bank crossed the $500 million mark for the first time in November, and the bank’s total assets now exceed $523 million, according to a press release issued by the bank. This represents an increase in assets of $96.5 million, or 23 percent, from the same time last year.

“The bank”™s sustained financial performance is a testament to our team members”™ steadfast commitment to providing world class customer service combined with the best banking solutions to meet the varied needs of each client,” said John Tolomer, CEO of the bank, in the press release. “While exceeding half-a-billion dollars in assets is a remarkable milestone in such a short time, the credit belongs to each person in our organization who understands the importance of customer relationships and the critical role it has played in building our business to where it is today.”

The Westchester Bank is in the process of moving to new headquarters in White Plains at 12 Water St., and has branches in Yonkers, White Plains, Thornwood and Mount Kisco.