Financials

Rhinebeck Bank Opens Rye Brook Branch as Part of Westchester Expansion

Rhinebeck Bank has opened a Rye Brook branch alongside its Westchester commercial banking office, offering retail and business banking services.

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Rhinebeck Bank has opened a branch at 800 Westchester Avenue in Rye Brook, New York, as the wholly owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) continues its expansion in Westchester County. The location is next to the bank’s recently opened Westchester commercial banking office.

#Retail and Commercial Services in One Location

The Rye Brook branch will provide retail customers with deposit, lending and digital banking solutions. Local businesses will have access to commercial lending, treasury management and other relationship-based financial services.

By operating its retail and commercial teams from the same location, Rhinebeck Bank said it can serve individuals, families and businesses across the market. Jamie Bloom, Executive Vice President and Chief Operating Officer of Rhinebeck Bank, described Westchester as an important part of the bank’s growth strategy.

#Glen Fernandez to Lead the Branch

Glen Fernandez has been appointed Branch Manager for the Rye Brook location. Rhinebeck Bank said Fernandez has more than 18 years of banking experience.

Before joining the Rye Brook team, Fernandez worked as an Outreach and Marketing Specialist with the U.S. Small Business Administration. He previously spent more than 13 years with Valley Bank, where his most recent position was Vice President and Community Relationship Officer.

Fernandez and the branch team will work with residents, businesses and community organisations throughout Westchester County.

#Rhinebeck Bank Background

Rhinebeck Bank is a wholly owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ:RBKB). The bank has provided financial services since 1860 and serves consumers, businesses and municipalities throughout the Hudson Valley and surrounding markets.

Its services include commercial and consumer banking, residential lending and wealth management.

#Key Takeaways

  • Rhinebeck Bank has opened a branch at 800 Westchester Avenue in Rye Brook, New York.
  • The branch is located alongside the bank’s recently opened Westchester commercial banking office.
  • Retail services include deposits, lending and digital banking solutions.
  • Business customers will have access to commercial lending, treasury management and other financial services.
  • Glen Fernandez will lead the branch as Branch Manager.

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