Saratoga National Bank and Trust Co.
announced plans for an eighth location in
the town of Colonie.
The bank will be leasing a 2,800-squarefoot
space at 501 New Karner Road in the
Rosewood Plaza.
Bank officials said the new banking office
will feature a full range of financial services
as well as a lobby, drive-in lane and ATM.
Pending all regulatory approvals, it is
expected to open later this year and will
be staffed by a manager, two tellers and a
commercial lending officer.
The Colonie office marks Saratoga National Bank’s second new location in a year and its first outside of Saratoga County. President and CEO David S. DeMarco said expanding to Clifton Park last spring opened the door to new banking relationships in the Capital Region, which the Bank will further develop with this move.
“A Colonie branch will further establish our presence in the growing Capital Region,” DeMarco said. “Our style of true community banking has been well-received in Clifton Park, and we are excited to deliver it to the residents and businesses of Albany County.”
Saratoga National Bank currently provides banking, investment, insurance and other financial services through seven Saratoga County banking offices, as well as mobile and online channels. It is rated a 5-Star Superior institution by BauerFinancial.