With the continued uncertainty in the economy, mounting inflation rates, and higher energy and rent costs, New York business owners of all sizes and industry sectors must seek financial partners who prioritize safety and stability and whose prudent practices are designed to protect businesses from risky exposure. If you are seeking a trusted banking partner capable of avoiding volatility and the financial pitfalls that have been prevalent in the news headlines recently, here are a few essential elements to keep in mind.
Most importantly, bank with a longstanding institution that has deep roots in the community and demand “old-fashioned,” relationship-driven service alongside cutting-edge technology that supports your business around the clock in today”™s fast-paced environment. Whether you are a real estate developer, a managing partner of a law firm, a small-business founder or a health care executive, this roadmap we”™ve established at Orange Bank & Trust Company can help secure your organization”™s financial future and continue advancing our local economy.
As a local financial institution focusing on commercial lending, business banking, and wealth management services for more than 130 years, Orange Bank & Trust Company has grown into an economic engine of the community, managing more than $2.3 billion in assets and playing a vital role in increasing opportunities for area businesses. Long considered a pillar of Orange County, our bank now has 16 offices spanning Westchester, Rockland, and the Bronx and more than 200 employees.
Our continued growth is a testament to the deep community ties we”™ve established over generations and our vast knowledge of various industries and individual businesses. We understand the unique challenges and opportunities businesses face in our communities. We have spent years building relationships with local businesses, allowing us to provide personalized service that meets their unique needs. This simply cannot be replicated by a large, impersonal national bank with no understanding of the local market.
Since our origin in 1892, we have worked hard to maintain a well-diversified deposit and lending base and continuously demonstrate our commitment to conservative bank practices. We have always prioritized maintaining strong capital and liquidity positions exceeding regulatory thresholds for well-capitalized banks and will continue to do so.
Of course, it”™s not just about building relationships and playing it safe. We invest heavily in the latest industry-leading technology to ensure our clients can access the best possible banking services. This includes everything from online and mobile banking to advanced cash management tools that allow businesses to manage their finances more efficiently. Our constantly evolving technology makes us competitive with the country”™s largest banks. As a full-service commercial lender, we provide local businesses and community-level organizations with highly-flexible financing options that are virtually unheard of at the national chains.
One example demonstrating our commitment to customers and innovation is our deposit-swapping network service that provides FDIC insurance and protects every dollar of customers”™ deposits up to $150 Million. Our customers have access to cutting-edge and fully regulated technology that separates large cash balances into amounts less than $250,000 and places them within a network of equally stable and FDIC-insured banking institutions across the country. Customers are provided with one statement from Orange Bank & Trust Company for all balances; it”™s that simple as we do all of the work. Customers maintain 24/7 unfettered access to funds, and accounts can earn interest as they normally would through Orange Bank & Trust Company.
In today”™s challenging and unpredictable economic climate, business leaders need financial partners who are firmly established in the local community, driven by strong personal relationships, and committed to constantly-evolving technology that provides the best possible service. As a bank that has been advancing thoughtful economic development for generations, we understand the unique needs of local businesses and are motivated by helping them succeed.
The Orange Bank & Trust team is always ready to assist our customers. So, if you have any questions or concerns, call us.
