Adirondack Trust to open Queensbury branch

Adirondack Trust Co. is edging closer to its namesake region as it plans for its northern-most retai
PHOTOGRAPHER:

Adirondack Trust Co. is edging closer to its namesake region as it plans for its northern-most retail branch in Queensbury.

The state Banking Department reported Friday the Saratoga Springs-based community bank wants to open an office on Bay Road in the Warren County town just outside Adirondack Park.

The Banking Department report came 13 months after Adirondack Trust announced plans to make a “major commitment to Glens Falls,” beginning with the hiring of a new north country region president.

“We have not slowed down our progress [around Glens Falls] because of the economy. We have been moving full speed ahead,” said Adirondack Trust North Country Region President Kathie Duncan.

The bank has already received conditional approval from Queensbury planning officials, and it expects to break ground on the office next month. It will be Adirondack Trust’s first new office since a branch opened on Route 50 in Ballston Spa in 2004.

The Queensbury office could open as early as April 1 and would bring the bank’s branch network to 11, according to bank officials.

Adirondack Trust opened a small branch on Maple Street in Glens Falls in 2003, but the Queensbury office will serve as the bank’s North Country regional headquarters. From there, the bank will target consumers in Warren and Washington and northern Saratoga counties.

“We would like to see more branches, certainly,” said Duncan.

Competition in the Glens Falls area has been picking up over the past year. Norwich-based NBT Bank recently opened a branch on Glen Street in Glens Falls and another is slated for Main Street in South Glens Falls.

Categories: Business

Leave a Reply