Chemical stages nation's largest business prospecting blitz; 600-plus bankers call on small businesses in seven states.NEW YORK--(BUSINESS WIRE)--May 24, 1995--More than 600 Chemical Bankers in seven states staged the nation's largest business prospective blitz blitz n. 1. a. A blitzkrieg. b. A heavy aerial bombardment. 2. An intense campaign: a media blitz focused on young voters. 3. , knocking on the doors of over 5,000 small and mid-sized businesses in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, Texas, Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). , Pennsylvania Pennsylvania (pĕnsəlvā`nyə), one of the Middle Atlantic states of the United States. It is bordered by New Jersey, across the Delaware River (E), Delaware (SE), Maryland (S), West Virginia (SW), Ohio (W), and Lake Erie and New York , Ohio and Massachusetts. Their mission: letting businesses know that Chemical wants their business. Chemical, the nation's third largest bank is already a significant force in lending to small and mid-sized companies. In downstate New York Downstate New York is a term for the southeasternmost portion of New York State, United States, in contrast to Upstate New York. It should be noted that the term "Downstate New York" has significantly less currency than its counterpart term "Upstate New York", and the Downstate , for example, the bank is the market leader, doing business with over half of those middle market businesses. "We're making sure the businesses in our markets know that we are eager to lend, and that our relationship managers want to help growing companies," said Frank Lourenso, executive vice president of the Middle Market Banking Group, which services businesses with $1 million to $500 million in annual sales. Lourenso noted that Chemical has traditionally been the most aggressive bank in calling on customers and prospects. "The potential for future relationships from today's blitz appears strong, as a significant percentage of the companies we called on are now considered strong prospects," he said. CONTACT: Ken Herz, 212/270-4621 |
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