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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Rhinebeck Bancorp Inc | NASDAQ:RBKB | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.68 | 7.56 | 8.57 | 7.65 | 7.65 | 7.65 | 353 | 22:16:11 |
ALBANY, N.Y., June 9, 2021 /PRNewswire/ -- Rhinebeck Bank, the wholly-owned subsidiary of Rhinebeck Bancorp, Inc. (NASDAQ: RBKB), has expanded its presence in the Capital District with a new Commercial Lending office in the Albany market.
The new office provides Capital District businesses with a wide array of lending products and services, including commercial mortgages, construction loans, vehicle and equipment loans, and commercial lines of credit. This expansion will complement Rhinebeck Bank's existing indirect automobile lending offerings in the region.
"In recent years, the Bank has seen a steady demand for commercial lending in the Capital District," said Rhinebeck Bank President & CEO Michael J. Quinn. "We look forward to providing businesses in the area with the superior customer experience that has been our hallmark throughout the Hudson Valley." Quinn said Philip Bronzi, the Bank's newly appointed chief lending officer, will oversee the new Albany market's Commercial Lending team.
As part of this expansion, the Bank will add three Commercial Lending professionals to its Albany office:
The Commercial Lending team will operate out of the Bank's existing Capital District market location at 200 Great Oaks Boulevard in Albany.
For more than 160 years, Rhinebeck Bank has been an integral part of the area's economic growth and a driving force for commerce along the Hudson River. Rhinebeck Bank takes pride in being personally involved in local businesses, communities, and charitable organizations. Its ability to be responsive to the needs of customers and community has led its continued growth. For more information about Rhinebeck Bank or any of its products or services, please visit www.RhinebeckBank.com.
Media Contact:
Michael J. Quinn
President and Chief Executive Officer
Telephone: (845) 790-1501
View original content to download multimedia:http://www.prnewswire.com/news-releases/rhinebeck-bank-expands-commercial-lending-team-into-albany-market-301309253.html
SOURCE Rhinebeck Bancorp, Inc.
Copyright 2021 PR Newswire
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