Adirondack Trust plans Queensbury branch

The Adirondack Trust Co. is edging closer to its namesake region as it plans for its northernmost re
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The Adirondack Trust Co. is edging closer to its namesake region as it plans for its northernmost retail branch in Queensbury.

The state Banking Department reported Friday that the Saratoga Springs bank wants to open an office on Bay Road in the Warren County town just outside the 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 regional 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 approvals 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 in 2003 on Maple Street in Glens Falls, but the Queensbury office will serve as the bank’s North Country headquarters. From there, the bank will target consumers in northern Saratoga, Warren and Washington 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. The 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.

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