SARATOGA SPRINGS – The Adirondack Trust Co. has again earned the five-star rating from BauerFinancial. [Read more…]
SARATOGA SPRINGS – Bank rating firm BauerFinancial has again recognized The Adirondack Trust Co. with its highest “five-star superior” rating. [Read more…]
MALTA – Catskill Hudson Bank is pleased to announce its Grand Opening Celebration for their new office in Malta, NY! Come join us on February 26th, 2014 from 3 pm until 6 pm to enjoy some great food and refreshments. A ribbon cutting ceremony will be held by the Southern Saratoga County Chamber at 4 pm.
The Malta Branch, in the Bluth Building on Route 9, is the Bank’s twelfth branch. Catskill Hudson Bank, which currently has 11 offices in Orange, Sullivan, and Ulster counties, is looking forward to the growth opportunities in the Capital District of New York State. The Bank’s primary focus is commercial lending and hopes to make strides in the small business lending market.
The Branch, staffed by local banking and lending professionals has a 24 hour digital ATM, Drive up facility, night drop and Saturday hours.
In addition, Catskill Hudson Bank prides itself on offering electronic delivery products— products of convenience for the way customers do business. Deposit checks remotely with Remote Deposit Capture and Remote Deposit Anywhere until 7:00 PM every business day. Check balances, make transfers and review transactions with Online Banking, Cash Management and free bill pay! Access your accounts 24/7 with a web enabled smart phone using Mobile Banking.
A Remote Deposit expert will be attending the Grand Opening, providing information, demonstrations, and answering any questions about the technology Catskill Bank has to offer!
Catskill Hudson Bank- staying current and convenient. Your Community Bank from the Catskills to the Hudson, where our people make a difference. Member FDIC and Equal Housing Lender.
Stop in and meet our professional Staff:
Catskill Hudson Bank
2452 Route 9
Malta NY, 12020
Lobby and Drive Up
Monday – Thursday 8:30-5:00
Saturday 9:00- Noon
The Adirondack Trust Company announced a new multilingual feature on its Web site, offering Chinese German and Spanish.
“We are excited to bring this new functionality to our Web site as we continue to reach out to individuals who are coming to our community from worldwide locations. With the GLOBALFOUNDRIES Fab 8 project in Malta, NY and their international reach, we see this as an exciting time for our region and enables us to reach customers who currently may be abroad,” said Charles Wait, the bank’s president. Our Web site www.adirondacktrust.com offers users detailed information on all of our banking, insurance, and investment services now in four languages. We also have a translation service available so we can effectively communicate with customers in any language. We look forward to expanding our customer relationships and are in the process of further developing our multilingual services.”
Founded in 1901 in Saratoga Springs, The Adirondack Trust Company is an “independent employee and locally owned and operated community bank.” The bank has more than $900 million in assets and eleven branches, according to information from the bank. The Adirondack Trust Company is rated by Bauer Financial as a 5-Star bank for the period ending June.
“Adirondack Trust offers banking, trust, insurance, and investment services and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its market area,” according to a written statement.
Should I use a credit union or a regular bank. What’s the difference? SC, Ballston Spa, NY (The Ballston Journal)
The major difference between the two is who do they ultimately work for? A bank is owned either by a small handful of individuals (traditionally descendents of the founders), or by a large number of stockholders. A credit union is more of a co-op, owned by those that do their business there (very similar to a mutual insurance company). The goal in the end for each really is the same: to make money for their owners. So banks try to make money for their stockholders and credit unions and mutual insurance companies try to make money for their members/policy holders.
Typically, a credit union will charge lower fees since they are essentially passing savings through to their members as opposed to earning dividends for the owners. They will also not have just their own investment products available as many regular banks tend to do because of the additional revenues they could earn.
Now, does that mean you should only deal with a credit union? Not necessarily. Credit unions are limited in the amount of commercial loans that they can make, so there is a limitation there. And credit unions tend to be much smaller, so they do not get the economies of scale that a large bank brings. Nor are most national in their reach: a local credit union does not do you nearly as much good as a national bank if you move across the country our are travelling to see the World’s Biggest Ball of Cheese or whatever. The fact that a credit union is more “friendly” due to the membership conditions can balance these negatives out.
In the end, it comes down to what is most convenient and appropriate for you. Our family uses each because of the combination of strengths and weaknesses, and in the end that may make sense for you too.