In a major corporate announcement today, BankOnBuffalo said it will locate its regional headquarters in downtown Buffalo, resulting in an expansion onto the historic seventh floor of the landmark Electric Tower.
“Since BankOnBuffalo was launched in 2016, we have received tremendous interest and support from the local business community. We are very excited to reciprocate by establishing our regional headquarters in downtown Buffalo,” said Martin T. Griffith, BankOnBuffalo president.
“At the same time, we are proud that the community will see the restoration of the historic seventh floor at the Electric Tower to accommodate the space and hiring demands that our headquarters decision will produce,” he said.
BankOnBuffalo began as a start-up division of CNB Bank with a loan origination office and in February 2017 opened a full-service bank branch on the first floor of the Electric Tower. Since then, BankOnBuffalo has opened full-service branches in Orchard Park and Williamsville, created a new private banking and wealth management service called BankOnBuffalo Investment Advisors, and applied to the banking regulatory agencies to establish its first Niagara County branch in Niagara Falls.
BankOnBuffalo has topped the $200 million mark in loans originated and has achieved its initial goal of hiring more than 30 individuals, all from the local market, to accommodate the bank’s customer growth.
“I continually am amazed at the Buffalo and Western New York acceptance of BankOnBuffalo and what it has to offer in streamlining the banking process for businesses, individuals and investors,” said Joseph B. Bower, Jr., CNB Financial Corp. president and CEO. “ We are excited about the success we can share together with our regional headquarters now located in downtown Buffalo.”
Announcement of the new regional headquarters was made today at a news conference in the former boardroom on the Electric Tower’s seventh floor. Approximately 15,000 square feet of space is being renovated and restored to when the electrical utility used it for local office operations.
For BankOnBuffalo, the seventh floor will provide executive offices, boardroom, commercial lender offices, private banking and wealth management offices and support staff. The floor will be fully operational by the fall. BankOnBuffalo will continue to operate its branch on the first floor.
As a community bank, BankOnBuffalo, a division of CNB Bank, is being developed by local people and businesses. This local decision-making increases the level of service provided to the communities in and around Buffalo and brings growth to the entire region.
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