Connecticut’s DRB Announces Opening of New White Plains Commercial Banking Office, Expanding Physical Footprint into New York State
The new White Plains branch is DRB’s first location in New York and third overall, designed to better serve the bank’s business clients in Westchester and New York City with a more convenient physical location.
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–DRB, an FDIC-insured member bank, announced today that it has opened its first New York office in White Plains. The bank was founded in 2006 with two locations in Darien and Rowayton in Connecticut, and has grown into one of America’s leading sponsor banks with a national digital footprint. Over the past two decades, it has built a considerable commercial customer base in Westchester and New York City.
DRB’s new White Plains branch is on the fourth floor of the Bar Building at 199 Main Street, which was built in 1926 and was historically where most White Plains attorneys had their offices. This history makes the building a fitting home for DRB given the bank’s popularity as a banking provider for attorneys and law firms with its Attorney Advantage program. The office is a convenient physical location for commercial clients and attorneys given its proximity to the county courthouse. The office is open Monday through Friday by appointment only.
The opening of the new White Plains branch comes at a time of growth and momentum for DRB. The bank has delivered a year-to-date return on equity of 30% and balance sheet growth of more than 40% year-over-year.
DRB sees long-term potential in White Plains, and the new office will serve as the hub for its recently announced SBA lending program with iBusiness Funding, a key part of DRB’s national growth plan. The White Plains office also helps the bank better serve New York attorneys who require a physical location in-state for IOLA and escrow accounts.
“Given DRB has long been a popular business banking choice for New Yorkers, especially developers in Westchester County, the time is now to bring DRB into the state. We’re thrilled to officially put our flag in the ground in New York and to do so at one of the most historic buildings in White Plains,” said John Barbalaco, EVP and Chief Banking Officer at DRB. “We’re excited to be a part of the local business community, giving customers a convenient new option to visit in person and expanding our footprint in New York.”
The opening of the new White Plains branch comes at a time of growth and momentum for DRB. The bank has delivered a year-to-date return on equity of 30% and balance sheet growth of more than 40% year-over-year. In October the bank announced that loan originations in its sponsor banking business have grown 8x over the last two years.
The company plans to celebrate the opening of its White Plains branch with a private event for commercial clients. To schedule an appointment, call 914-292-0594 or visit drbank.com.