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:
- Bob Bazargan – SVP,
Commercial Team Leader – Capital Markets:
A 10-year Albany resident with
Hudson Valley roots, Bazargan is an experienced and well-respected
commercial banker in the Albany
and Saratoga markets. He holds an
MBA in Finance from SUNY at New Paltz
and is fluent in Farsi. He brings a superior record of performance
to his new role and will lead the Commercial Lending Team in
Albany.
- Ken Zwicklbauer –
SVP, Commercial Lender:
Zwicklbauer is also a long-time commercial banker with deep roots
in the Albany market. He holds an
MBA in Finance from SUNY at Albany. He
joins Rhinebeck Bank with a record of strong sales performance and
key contributions to the greater Albany community. Zwicklbauer was recognized
as a 40 Under Forty honoree by the Albany Business Review.
- Raj Kaur – AVP, Commercial Lender:
Kaur joins the Bank with more than 15 years of banking experience
and a history of high achievement. She holds her MBA in Accounting
& Business Administration from SUNY at
Albany and is fluent in Punjabi and Hindi. During her
career, Kaur has provided exceptional customer service and
extensive knowledge of banking products and services, attributes
that will serve her customers well in her new role at Rhinebeck
Bank.
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
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SOURCE Rhinebeck Bancorp, Inc.