NEW YORK, May 14, 2013 /PRNewswire/ -- Greater Hudson Bank, with locations throughout the Hudson Valley, and over $300 million in assets, has agreed to partner with Newtek Business Services, Inc., NASDAQ: NEWT, The Small Business Authority ®. The goal is to finance independently-owned and operated businesses in the marketplace with small business loans that range from $50,000 to $5 million to continue to help the local economy grow and create jobs.
" Greater Hudson Bank is committed to helping small businesses grow and prosper throughout the Hudson Valley," stated Basel Rabie, SVP, Retail Banking Officer. "We are excited to partner with Newtek as we feel this partnership will allow us to provide even more options to assist and support our local business clients, especially during these tough economic times. Our goal is to be the Banking Choice in the area and offer services that our customers need and benefit from," Rabie further stated.
Newtek President and CEO, Barry Sloane said, "We are thrilled to be partnering with Greater Hudson Bank and we are appreciative that Greater Hudson recognizes that our specialized small business loan products are a natural fit for their customer base. Newtek is the largest, non-bank government guaranteed lender in the United States offering a suite of loan products specifically designed for small businesses with loan amounts ranging from $50,000 to $5,000,000 and amortization schedules that extend out as far as 25 years. We look forward to working with Greater Hudson Bank in marketplaces in which they have a presence."For more information visit greaterhudsonbank.com or thesba.com. About Greater Hudson Bank Greater Hudson Bank, N.A, founded in 2002, is headquartered in Middletown, New York. The Bank has 5 branches which are located in Middletown, Monroe and Warwick, Orange County, New York, Bardonia, Rockland County, New York, and White Plains, Westchester County, New York. The Bank is chartered by the Office of the Comptroller of the Currency and its deposits are insured by the Federal Deposit Insurance Corporation. As evidence of the Banks' financial strength, Greater Hudson Bank has been recognized with a superior rating by the country's leading independent bank rating and research firm, BauerFinancial, Inc. Further information can be found on the Bank's website at http://greaterhudsonbank.com/