NEWBURGH – Rhinebeck Bank employees, management and board members joined with local political, community, business and nonprofit leaders last Wednesday to celebrate the grand opening of their city of Newburgh branch at 456 Broadway.
This is the fourth Rhinebeck Bank branch to open in Orange County this year, following Monroe, Warwick and Middletown. A Rhinebeck Bank branch opened in Goshen in 2016. Orange County now has the second largest branch network in the Bank’s system.
Rhinebeck Bank President and CEO Michael J. Quinn noted that when the bank was first looking at opening a branch location in Orange County, the first place he looked at was Newburgh. However, it took them a while to find a space that was suitable for a bank. When Citizens Bank left, he was convinced that they needed to look harder to find a location.
“We believe in the city of Newburgh and in our ability to contribute to the success of residents and businesses throughout Orange County,” said Rhinebeck Bank President and CEO Michael J. Quinn. “As we already have with our multi-million-dollar support of the Newburgh Creative Neighborhood, we’ll work closely with municipal and business leaders to support and promote Newburgh.”
“I think its very hard for a city that is trying to come back to do so without a community bank in its midst. We are here to not only help people coming in that want to do something new, but we’re here to help also native Newburgh people expand their business, start a business and do whatever they can to bring themselves up in the world,” Quinn said.
“Rhinebeck Bank coming to Newburgh, especially to a central location on Broadway, is a great reflection on where this city is going. To have a bank within walking distance of your home will mean a great deal to residents here,” noted Matt Arbolino, executive director of Habitat for Humanity of Greater Newburgh and a city native. “In speaking with our partner organizations, we’re all excited about Rhinebeck Bank coming into Newburgh. We all want to partner with institutions that recognize this is a close-knit community.”
Heather Bell-Meyer, President and CEO of the Orange County Chamber of Commerce thanked the bank for opening this location calling it “a monumental event for the city of Newburgh. This is the only bank that is in the heart of the business district.”
New York State Assemblyman Jonathan Jacobson was excited to see, a bank make a commitment, not only for physical presence, but to give people a second chance, calling that “very important.” He concluded, “You can’t have a great community without a great bank.”
New York State Senator James Skoufis, who was on new dad duty and unable to attend, sent well-wishes and a proclamation.
The Newburgh branch will provide a wide array of banking and lending products and services to individuals, families, and businesses in the area. It is led by Branch Manager Mario Jimenez and Branch Team Leader Sergio Valentin. They are joined by Universal Bankers James Doyle and Laura Espinoza.
Rhinebeck Asset Management, a division of Rhinebeck Bank headquartered in Montgomery, will offer personal and business financial planning services from their office at this new branch location.
The Newburgh branch is open Monday through Friday from 8 a.m. to 5 p.m. and Saturdays from 8:30 a.m. to 12:30 p.m.