Rhinebeck Bank has expanded its presence with a new commercial lending office in the Albany, N.Y. market, the company announced in a release. 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,” Rhinebeck Bank President and CEO Michael Quinn said in the release. “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 Albany market's commercial lending team.
As part of this expansion, the bank will add three commercial lending professionals to its Albany office in Bob Bazargan, Ken Zwicklbauer and Raj Kaur.
A 10-year Albany resident, Bazargan is an experienced and well-respected commercial banker in the Albany and Saratoga markets. Zwicklbauer also is a long-time commercial banker with deep roots in the Albany market, while Kaur joins the bank with more than 15 years of banking experience.