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A Grand Opening for Roosevelt Island Bank Customers

October 2, 2009


Amalgamated Ribbon Cutting
Assembly Member Kellner with Amalgamated CEO Derrick Cephas and Branch Manager Kathy Lasri, cutting the ribbon to open the bank’s new Roosevelt Island branch.

On October 1st, I was proud to join Amalgamated Bank President and CEO Derrick Cephas, as well as Borough President Scott Stringer and a number of other distinguished guests, to mark the grand opening of Amalgamated’s new branch on Roosevelt Island. The opening marks the beginning of a new era of community banking for island residents — a secure replacement for the New York National Bank branch that closed this summer.

In July, I posted about how I worked with Assembly Banking Committee Chair Darryl Towns to ensure that the State Banking Department designated the island’s new Amalgamated branch as a Banking Development District (BDD) branch. This means that $10 million in public funds have been deposited with the new branch, providing the security it needs to serve as a reliable long-term bank for Roosevelt Islanders. Thanks to the BDD designation, as well as support from State Comptroller Thomas DiNapoli, City Comptroller William C. Thompson, Jr., the Roosevelt Island Operating Corporation, and other stakeholders, island residents will continue to have a convenient location to do their banking for many years to come.

I am pleased to have been able to help make the new branch a reality, and I would like to extend a warm welcome to branch manager Kathy Lasri and her team as they become part of the Roosevelt Island Community.

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Written by Micah · Filed Under Blogroll, Community, Roosevelt Island 

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