Adirondack Bank was founded October 31, 1898, serving the needs of Northern New York State as the Saranac Lake Co-Operative Savings and Loan Association. The ideals of integrity, service and community involvement established over a century ago remain as the foundation of the bank's operation today.
Through our history, the bank has evolved in order to meet the growing demands of our diverse customers. In 1936, the name was changed to Saranac Lake Federal Savings and Loan Association. We continued for several decades with offices in Saranac Lake and Lake Placid. In 1990, the bank was recapitalized as a stock corporation in which ownership was closely held by one individual. The change in ownership also saw a change in the bank's operation as a newly chartered Federal Savings Bank. Later in 1995, we were re-chartered as a National Bank and became Adirondack Bank, N.A. To better position the bank for the future, we converted to a state charter in December of 2003 allowing us to better serve our customers and the interests of the communities that we serve.
Adirondack Bank experienced a period of growth beginning in the 1990's which has continued through the years to the present network of nineteen locations. We opened new branches in Old Forge, Plattsburgh, Whitesboro, Boonville and two locations in Utica in the 1990's. In 2002, our Mohawk location was opened and in May of 2003 we introduced a branch in Herkimer expanding our presence in Herkimer County. Our Rome branch opened in October of 2003 allowing us to expand our network further to the west adding more convenience to our customers in the Mohawk Valley.
Further expansion into Herkimer County occurred in 2004 when the Little Falls and Ilion offices were opened. Syracuse was the next location on the map in early 2005. Holland Patent was opened in 2006, Sylvan Beach in 2013 and our newest addition is our location on Commercial Drive in New Hartford which opened it's doors in May of 2014.
For over a century Adirondack Bank has been dedicated to providing our customers with outstanding service, convenient locations and competitive products. We strive to meet the requirements and financial goals of our customers as well as being a good neighbor in the communities we serve. And while we continue to grow, our dedication to customer satisfaction remains our number one priority, now and always.