Adirondack Trust Company
Encyclopedia
The Adirondack Trust Company is the largest independent community Bank
in Saratoga County, New York
.
Founded in 1901 by State Senator Edgar Brackett, it played a large role in transforming Saratoga Springs from a small "boom and bust" town into a thriving city. Through the years, it has become the highest rated bank in Saratoga county, both in CRA (Community Reinvestment Act
) and in safety and soundness. The Adirondack Trust Company has been named one of the 100 safest banks in the country by Money magazine.
Adirondack Trust's 167 full-time employees own the company, which offers banking, loan and investment services. The bank's current President and CEO is Charles V. Wait.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
in Saratoga County, New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
.
Founded in 1901 by State Senator Edgar Brackett, it played a large role in transforming Saratoga Springs from a small "boom and bust" town into a thriving city. Through the years, it has become the highest rated bank in Saratoga county, both in CRA (Community Reinvestment Act
Community Reinvestment Act
The Community Reinvestment Act is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods...
) and in safety and soundness. The Adirondack Trust Company has been named one of the 100 safest banks in the country by Money magazine.
Adirondack Trust's 167 full-time employees own the company, which offers banking, loan and investment services. The bank's current President and CEO is Charles V. Wait.