Marathon Bank opens in Manhasset, NY
After Brooklyn and Staten Island, Manhasset was the next stop in Marathon Bank’s New York expansion and its overall effort to come as close as possible to meeting the community’s needs. The new branch in Manhasset (1577 Northern Blvd. tel. 516 365-0990,) Long Island, which has a dynamic nucleus of Greeks in business and real estate, is promising to become a focal point in that effort.
Since last June when it opened and the official ribbon-cutting ceremony took place, with Piraeus Bank of Greece General Manager Yannis Kyriakopoulos, Marathon’s President Emmanuel Polychronakis, and Marathon’s Chairman Paul Stathoulopoulos all present, the goals of this branch have been met and surpassed. “We were expecting it,” said Nikos Kostacos, Manhasset’s branch manager. “People were asking us to come to this area and we did. They embraced us immediately, because they already knew the quality of our products and services.”
The new branch, number 14 so far, signifies a steady expanding progress in a success story that started 20 years ago, when Marathon was founded by a group of visionary Greek American investors. Later on, when Piraeus Bank of Greece became the majority stock holder, new opportunities and challenges came about and today the bank’s leadership is thinking about the possibility of expanding to other US states as well.
After the Atlantic Bank was sold, Marathon remained the only bank in Greek hands, as a subsidiary of Piraeus Bank, now one of the most powerful in Europe. Besides all the benefits that this relationship entails, especially to those who do transactions between the US and Greece, Marathon plays an active role in the community by helping Hellenic community organizations, sponsoring cultural and educational events and supporting local artists.
