A new regional headquarters was officially opened, Monday, by BankOnBuffalo. A ribbon cutting was held on the 7th floor of the Electric Tower, in downtown Buffalo.
Company president Martin Griffith says, since launching just over two years ago, the bank's grown to over $300 million in assets. But Griffith says the most important part of the growth is that all BankOnBuffalo employees are from Western New York.
"We're the benefactor, I guess, of a couple of bank mergers and aquisitions that have taken place recently. And we're 40 people into our growth now and continue to hire key positions, as well as key support positions, as we move forward and continue to grow the business lending portfolio," Griffith said.
The bank does offer full retail banking, but he says, business lending is its most prominent line.
"We do a lot of lending in the commercial and industrial area, manufacturing based businesses and what not. So, we need to continue to really gain traction in what we've started there. We think that's our most important position in the marketplace. And we think it's the biggest need in the marketplace at this point," Griffith said.
After starting with one branch in the Electric Tower - the bank now has branches in Orchard Park, Williamsville and Wheatfield. And plans are in the works to open in Niagara Falls and Amherst, in 2019.
