Partnership with Croghan Colonial Bank Opens Doors for Crescent Manufacturing Company
Creating a product for the international market can be difficult for a local business, but Crescent Manufacturing Company has risen to the challenge for over 100 years.
Founded in 1898, Crescent Manufacturing Company is the only firm in the United States dedicated solely to specialty blade design and production. They manufacture only the highest quality specialty cutting blades, covering the gamut of industries, from food processing to medical applications.
Crescent developed a medical blade to slice biopsy sections as this has two microns, a microkeratome blade to cut perfect flaps in corneas, and catheter blades to carefully bore plaque from arterial walls. At the other end of the spectrum, food manufacturers rely on Crescent for its ability to customer-design a food processing blade quickly and cost-effectively.
Operating from an 80,000-square-foot facility in Fremont, Ohio, Crescent’s President Mike Waleryszak said he likes collaborating locally, which is one of the main reasons the company uses Croghan Colonial Bank.
Since the relationship was forged in 1981, Croghan Colonial Bank has assisted Crescent with a variety of banking services, including cash management solutions, pension assets planning, and lending.
“We like dealing with local hometown companies. That’s number one,” Waleryszak said. “Being a hometown bank, you can give them a call and know the people that are on your account personally, know they can understand your situation, and they’re very prompt either with providing a conflict resolution or any additional services you may require.”
When asked why he’s stayed with Croghan for so long, Walerszak cites their friendly demeanor and professional services. “They provide the services we need in a sophisticated manner. Typically, small banks, especially at a local level, won’t be able to handle 401K plans, sophisticated pension assets, international transactions – but they can.”
Cash management solutions are one of the key services Croghan provides. Crescent uses credit card payments sporadically, which doesn’t generate larger discounts from credit card companies. Croghan analyzes alternative methods for the best deal, such as ACH and wire transfers. Additionally, Croghan representatives regularly meet with Crescent employees to discuss their financial plans.
While Croghan matches the services and technology of larger banks, Mike Waleryszak said it surpasses them in excellent customer service. “They took the time to understand the machinery and equipment, learn the locations, what our people’s needs are – all things that are pertinent to running the organization – and we consider that important,” Waleryszak said.