Who owns Genesee Regional Bank?
In 1996, two successful businessmen, E. Philip Saunders and Dan Gullace, purchased an established local bank. They renamed it Genesee Regional Bank with a vision of re-establishing a community bank presence, and helping to grow small business in the Rochester area.
Why is community banking important?
Certainly, community banks have a critical role in keeping their local economies vibrant and growing by lending to creditworthy borrowers in their regions. ... Such lending helps foster the economy by allowing businesses to buy new equipment, add workers, or sign contracts for increased trade or services.