Courtesy Saratoga National Bank
Saratoga National Bank is expanding again with a new 3,000-square-foot office for business development and a new branch in Latham.
David DeMarco, bank CEO and president, said the bank is leasing an office at 11 Century Hill Drive as its Capital Region business development office.
The new space is bringing eight of its employees that had been working out of various branches together.
The centralization comes as the bank’s newest branch opens at 545 Troy Schenectady Road in the space formerly occupied by Panda Express. The branch is 2,200 square feet with a full lobby and five offices. It will be the 12th branch for the company.
DeMarco said the decision came along months before the COVID-19 pandemic forced Saratoga National’s employees to work remotely for months.
Patricia Netoskie was named as vice president and branch manager for its new Latham branch opening soon at 545 Troy Schenectady Road.
Netoskie will oversee operations and develop banking relationships for the new Latham office. She brings many years of previous financial services experience to Saratoga National, most recently in banking, and previously in the insurance and human resources industries.
She can be reached at patricia.netoskie@arrowbank.com or by phone at (518) 760-2861.
Netoskie is a member of the Colonie Chamber of Commerce and is active in her community, previously serving as a board member for Project Link and for the Latham Fire Department Ladies Auxiliary.
About the development office, DeMarco said as the bank has added commercial lenders, mortgage originators, business development officers and wealth management officers, the company felt it was important to have them centrally located.”
“This was planned and we probably started working on this over a year ago,” DeMarco said. “Obviously, the COVID-19 shutdown did have an impact on getting it completed. Once construction was allowed to start back up they were able to continue the project.”
Saratoga National Bank has been growing beyond its roots in Saratoga County since 2013, opening branches in Schenectady, Troy and Colonie. Last year, the bank opened its 11th branch in Rotterdam.
DeMarco said the COVID-19 pandemic has put a pause on future expansions for now. But there are communities that are being eyed for future new branch locations.