The Westchester Bank Hits Milestone With Total Assets Topping $100 Million One Year...

The Westchester Bank Hits Milestone With Total Assets Topping $100 Million One
Year After Opening for Business

Bank Adding Consumer Services to its Product Line

YONKERS, N.Y., June 30 /PRNewswire/ -- Just one year after opening for
business, The Westchester Bank, announced today that its total assets as of
June 30 exceeded $100 million. The Bank also reported that its deposits as of
June 30 are in excess of $80 million with commercial loans of $32 million.

"What a year it has been for The Westchester Bank! We have accomplished in one
year what we originally forecasted would take at least two years," said John
Tolomer, President and CEO of The Westchester Bank. "What's even more
remarkable about this unprecedented growth is that has taken place during one
of the worst economic downturns in a generation. Clearly, there is a growing
market for a local bank focused on serving the area's small to mid-sized
businesses with a full range of banking products and a strong commitment to
highly personal service," Mr. Tolomer added.

Mr. Tolomer also attributed the Bank's success to its financial strength.
"Unlike many of the regional and multinational banks, The Westchester Bank is
well capitalized with no subprime loans on our books. We are making loans and
doing so at very competitive rates. Our goal is to work closely with our
business customers to help them succeed," he said.

In addition to its full line of business banking products and services, The
Westchester Bank is now also offering consumer services including personal
checking, money market accounts, personal loans and credit cards. "We found
that many of our business customers were so pleased with our products and
services that they wanted to bring their personal banking to us as well. It's
a perfect fit," said Mr. Tolomer.

Two months ago, The Westchester Bank officially opened it new
8,000-square-foot headquarters at 2001 Central Park Avenue in Yonkers. Mr.
Tolomer said the Bank is currently exploring sites for another branch office
in Westchester County.

A New York State Chartered and FDIC insured commercial bank, The Westchester
Bank offers a comprehensive line of banking services to businesses and
consumers including business and personal checking, business lending,
commercial mortgages, savings accounts, CDs, money market accounts, Interest
On Lawyer Accounts (IOLA), attorney escrow accounts and tenant security
accounts. The Westchester Bank utilizes the latest technology and online
services to provide convenient service to its customers. For the Bank's
business customers, there's the remote capture service that allows you to
safely and securely deposit checks directly into your account without ever
leaving your office. In addition, the Bank's website features an Online
Banking Center where customers can manage their accounts and make transactions
online.

For more information about The Westchester Bank please visit
www.thewestchesterbank.com or call (914) 337-1900.

SOURCE The Westchester Bank

Dean Bender, Thompson & Bender, +1-914-762-1900, dean@thompson-bender.com