Banking in Orange County just got much easier.
It’s all thanks to Rhinebeck Bank, the community bank that’s had a presence in the Hudson Valley for more than 160 years. In addition to helping customers across its locations in Dutchess and Ulster counties, as well as their branch in Goshen, the bank is expanding to offer financial resources and support to more communities throughout Orange County.
In a February announcement, Rhinebeck Bank revealed it acquired two Orange County branches from ConnectOne Bank. These branches, at 360 Route 17M in Monroe and 62 Main Street in Warwick, debuted in March. Rhinebeck Bank also opened a new branch at 357 East Main Street, at the corner of Carpenter Avenue, in Middletown, in May. A branch at 456 Broadway in the city of Newburgh will open in September.
Rhinebeck Asset Management, a division of Rhinebeck Bank focused on financial planning services, is headquartered in Montgomery.
“The opening of our new branches in Warwick, Monroe, Middletown and Newburgh is a critical part of our Orange County expansion efforts,” notes Rhinebeck Bank President and CEO Michael J. Quinn. “We’re committed to delivering the superior customer service for which we are known and look forward to serving the financial needs of Orange County customers for years to come.”
“We’re proud to be more invested in Orange County,” said Diane Passaro, Vice President – Orange County Market Manager, an Orange County banking and lending veteran who joined Rhinebeck Bank last year. “We are a growing bank in a growing county, committed to customer service, community support, and helping people achieve their personal and commercial financial goals.”
The Rhinebeck Bank branch in Newburgh is particularly special, since it is the only financial institution located right in the commercial heart of the city. It is a one-stop source for individuals and businesses in search of local banking and lending services.
“We believe in the city of Newburgh and in our ability to contribute to the success of residents and commercial entities throughout Orange County,” notes Quinn. “We’ll work closely with municipal and business leaders to promote Newburgh, as we already have with our support of the Newburgh Creative Neighborhood, and to pursue smart, sustained growth in both residential and commercial markets.”
Speaking of the Newburgh Creative Neighborhood, Rhinebeck Bank has expanded its commitment to the Hudson Valley Pattern for Progress by increasing their loan fund to $4,000,000. This ensures sustained support for the businesses located in Newburgh. Loan proceeds in the past have been used to fund secured term loans including commercial express loans, equipment and vehicle purchases, leasehold improvements and real estate transactions under favorable pricing, advance rates and terms to the prospective borrowers in the Newburgh Creative Neighborhood. With its new branch on Broadway in the city of Newburgh, Rhinebeck Bank will now be able to offer a full complement of banking services.
“We’re proud of our long history in the Hudson Valley,” said Quinn. “At Rhinebeck Bank, we focus on serving our customers to the nth degree. We are the community’s choice for banking.”
To learn more and to find a Rhinebeck Bank branch near you, visit https://www.rhinebeckbank.com.
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