CMS Bank Completes More Than $1M In Mortgage Loans

WHITE PLAINS, N.Y. -- CMS Bank has completed more than $1 million in mortgage loans to local families for affordable housing in Westchester.

Pictured at the Comstock Heights Condominium, are, from left, Gerald Calvario, vice president of Residential Lending, CMS Bank; Comstock Heights Condominium, homeowner Elly Chiu and Terry Fleischman, homeownership director, Housing Action Council.
Photo Credit: *Contributed*

by Alesha Hanson

04/08/2014 5:30 p.m.

Several of the loans are for residences at the recently completed Comstock Heights Condominium on North State Road, Briarcliff Manor, and others have been made at Cottage Landings condominium in Rye.

CMS Bank is working closely with the Housing Action Council, a Tarrytown-based not-for-profit dedicated to expanding housing opportunities for moderate-income households throughout the Hudson Valley. In closing on these residential mortgages, CMS Bank is reinforcing its goal of providing financing to families seeking such opportunities in Westchester. CMS Bank and the Housing Action Council are also helping Westchester County meet its obligations under an affordable housing settlement with the federal government. “As a local community bank, CMS’ goal is to help families achieve the American dream of homeownership,” said John Ritacco, president and CEO of CMS Bank.

Headquartered in White Plains, CMS Bank provides a wide range of banking products and services to the retail consumer and small business customers, including residential and commercial real estate loans and small business loans primarily in Westchester, Rockland, Dutchess and Putnam counties as well as Fairfield County, Conn.

CMS Bank has branches in Eastchester, West Harrison, Greenburgh, Mount Vernon and Mount Kisco.

For more information, visit www.cmsbk.com

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