Verizon Wireless upgrades Westchester network

Verizon Wireless upgrades Westchester network

By Jay Loomis • The Journal News • January 16, 2009

Verizon Wireless

Verizon Wireless said the addition of five new transmission sites will improve wireless reception in Westchester County.

The nation's largest wireless carrier said the expanded coverage will mean fewer dropped calls as customers use their wireless phones to send and receive e-mail, text, picture and video messages. The company added that the new cell transmission sites will particularly help improve service in parts of Peekskill, New Rochelle, Croton-on-Hudson, Mount Pleasant and Port Chester.
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Verizon Wireless said it has invested more than $2 billion to improve its New York/New Jersey metro network and more than $48 billion nationally during the past nine years. Verizon Wireless serves more than 83.7 million customers across the country.
Wachovia Securities plans move within White Plains

Wachovia Securities, recently acquired by Wells Fargo & Co., will leave downtown White Plains in May for the Platinum Mile along the I-287 corridor.

Wachovia will move from offices at 10 Bank St. and 360 Hamilton Ave. and consolidate on a 74-acre campus at 1133 Westchester Ave., owned by RPW Group. Wachovia signed a minimum 10-year lease for 26,000 square feet at 1133 Westchester, commercial brokerage Cushman & Wakefield said.

The deal is the first large office lease to be announced in 2009. RPW President and Chief Executive Officer Robert P. Weisz said about 80 to 100 Wachovia employees are moving. Wachovia officials could not be reached for comment.

Weisz said the financial company was drawn by 1133's amenities, including a conference center, an executive dining room, shuttle service to trains and on-site day care. Provident Bank has signed a lease to open a branch office at the building in March, he added.

About 150,000 of the 640,000 square feet at the building are available. Other tenants include ITT Corp., IBM, Starwood Hotels & Resorts Worldwide and EMC Corp. Asking rent at the building is $35 a square foot, said Glenn Walsh, senior director at Cushman & Wakefield.
Hudson Valley Holding says TARP not needed

Hudson Valley Holding Corp. of

Yonkers said it does not need to use the asset protection services the U.S. government is providing to banks. The assistance effort, the Treasury Department's Capital Purchase Program, is widely known as TARP. Hudson Valley Holding Corp. is the parent company of two local banks, Hudson Valley Bank and New York National Bank.

"Hudson Valley is extremely well capitalized," James J. Landy, president and chief executive officer, said in a written statement.
Provident Bank's parent company earns $6.3 million in fiscal 1Q

Provident New York Bancorp reported net income of $6.3 million, or 16 cents a share, during its fiscal first quarter. That was higher than the net income of $5.9 million, or 15 cents per share, a year earlier. The Montebello-based parent of Provident Bank said loans grew by $15.1 million, mainly in the commercial sector. "I'm pleased to report solid earnings for the quarter despite the continuing economic challenges facing the Hudson Valley and the nation," George Strayton, president and chief executive officer, said in a written statement.