“Sister” division of BankOnBuffalo, inspired by women in business, led by President Mary Kate Loftus at its helm.
May 16, 2023 (Buffalo, NY)
– An innovative new bank, designed to support the financial development and advancement of women business owners and women leaders will have its headquarters in Buffalo.
Impressia Bank, the newest sister division of BankOnBuffalo, will focus exclusively on meeting the unique financial needs of women – chief among them, access to capital, which continues to be the biggest barrier to market entry and success of female founders. To solve this problem, Impressia Bank will go beyond traditional banking by offering women solutions that are often not provided by banks today. Impressia Bank is the sixth division of Pennsylvania-based parent company, CNB Bank.
Western New York banking veteran Mary Kate Loftus has been appointed as President of Impressia Bank.
“At Impressia Bank, the future is female. This is a new way to bank, inspired by women in business and designed to meet clients where they are. Our ambition is to not just be our customer’s bank, but to be the trusted partner and friend they need on this journey to grow their business,” said Ms. Loftus. “As a lifelong resident of Buffalo, I’m grateful for this opportunity and thrilled that Buffalo has been selected for the headquarters of Impressia Bank.”
With nearly 25 years of Banking experience, Ms. Loftus brings her passion for supporting women as well as her expertise in customer experience, strategic growth, and community banking to her role as President of Impressia Bank. In this role, she will focus on developing leaders and successfully investing in women entrepreneurs to level the gender gap in funding.
Ms. Loftus served in leadership positions at Fortune 500 financial institutions with responsibility for transformational change, strategy, and customer engagement through Digital Banking, Branch Management, and Contact Centers. Among her career achievements, Ms. Loftus was identified by Forbes
as one of “6 Women Changing the Face of Leadership in Banking and Finance”.
A Buffalo native, Ms. Loftus is a champion for women in the Western New York Community, serving as Co-Chair for the United Way’s Women United Advisory Board, a committee member for the WNY Women’s Foundation, and recently was awarded Mount Mercy Academy’s Distinguished Alumna Award in November.
She is a graduate of Binghamton University and holds an MBA from Canisius College. Ms. Loftus is a graduate of the Consumer Bankers Association Executive Banking School and recently received a certificate in Blockchain and Digital Assets from Wharton Executive Education. She and her husband, Kevin, reside in Lancaster, N.Y. with their children.
“The reality is banks are not yet fully supporting the fast-growing ‘sheconomy.’ We have the opportunity to shake things up a bit and change that,” says Ms. Loftus. “I am deeply committed to evolving how banks imagine new solutions to improve customer finances. And I am excited for this opportunity with Impressia Bank – to redefine and enable lending to, investing in, and supporting women in business.”
Impressia Bank will begin operations within the existing geographic footprint of each of CNB Bank’s five other divisions, then strategically expand beyond those borders. Impressia Bank’s approach will be complemented by regional relationship managers and support managers, as well as specialized services such as SBA and grant advisory services, treasury management, wealth management, and private banking.
To learn more, visit ImpressiaBank.bank
About CNB Financial Corporation
CNB Financial Corporation is a financial holding company with consolidated assets of approximately $5.5 billion. CNB Financial Corporation conducts business primarily through its principal subsidiary, CNB Bank. CNB Bank is a full-service bank engaging in a full range of banking activities and services, including trust and wealth management services, for individual, business, governmental, and institutional customers. CNB Bank operations include a private banking division, three loan production offices, one drive-up office, one mobile office and 47 full-service offices in Pennsylvania, Ohio, New York and Virginia. CNB Bank’s divisions include ERIEBANK, based in Erie, Pennsylvania, with offices in Northwest Pennsylvania and Northeast Ohio; FCBank, based in Worthington, Ohio, with offices in Central Ohio; BankOnBuffalo, based in Buffalo, New York, with offices in Western New York; and Ridge View Bank, with loan production offices in the Southwest Virginia region. CNB Bank is headquartered in Clearfield, Pennsylvania, with offices in Central and North Central Pennsylvania. Additional information about CNB Financial Corporation may be found at www.CNBBank.bank.