June 19, 2015
Revere Bank Supports Small Business, Attends Local Cakepoppery Grand Opening
LAUREL, Md. (June 19, 2015) — Revere Bank is pleased to announce the grand opening of Baked by Yael, a cakepoppery in northwest D.C. that Revere helped finance. The bank was able to support the bakery through its participation in the District of Columbia Collateral Support program. The program provides capital to small businesses with insufficient collateral for a loan by depositing cash collateral with lenders, such as Revere, who in turn loan to these businesses.
Revere Bank Vice President Eileen Ascher and Senior Vice President Steve Horvath attended the celebration, which was emceed by WUSA 9’s and 94.7 FM’s Tommy McFly. Ascher and Horvath supported Yael as she cut the ribbon at the entrance to her shop and officially welcomed in the community.
ABC 7’s Good Morning Washington featured the cakepoppery on June 1. Reporter Eileen Whelan interviewed owner Yael Krigman while Ascher and her daughter, Haley, learned how to frost cakepops.
Baked by Yael is located directly across from the National Zoo at 3000 Connecticut Avenue NW.