Thursday, 09 April 2020 12:29

Adirondack Trust Company Recognized As One Of the Nation’s Strongest Banks

SARATOGA SPRINGS — The Adirondack Trust Company announced it has secured a five-star rating from BAUERFINANCIAL, the Nation’s Premier Bank Rating Firm. 

A five-star rating indicates that the bank excels in areas of capital adequacy, profitability, asset quality and much more. Earning and maintaining this top rating for 55 consecutive quarters puts Adirondack Trust in the most prestigious bracket as an Exceptional Performance Bank.

“I am often asked what it takes to be a 5-Star bank,” BAUERFINANCIAL President Karen Dorway said. “Like so many other things in life, success in banking boils down to knowledge. Knowledge of banking, of course, but knowledge of its customers and the communities the bank serves are equally important. This intimacy enables the bank to steer clear of danger and work with customers for a common goal. It’s what gets so many community banks, like Adirondack Trust, through the tough times unscathed.”

“We are pleased to continue to be honored by BAUERFINANCIAL as an Exceptional Performance Bank,” Adirondack Trust Company President & CEO Charles V. Wait, Jr. said of the achievement. “We are focused on maintaining a very strong balance sheet and our strong financial discipline has helped us to achieve this honor. We are grateful for the support we’ve received from our customers and our communities since our founding in 1901.”

BAUERFINANCIAL, Inc., based in Coral Gables, Fla., is the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt-out of a BAUERFINANCIAL rating. Star ratings are all available for free at

Read 1723 times


  • COURT   Justin D. Allen, 32, of Schenectady, pleaded April 30 to criminal possession of a controlled substance in the fourth-degree, a felony, in connection with an incident in Wilton. Sentencing June 22.  POLICE Joshua John, 25, of Latham was charged May 7 in Saratoga Springs with felony burglary, aggravated unlicensed operation of a motor vehicle, misdemeanor DWI and aggravated DWI, and operating an unregistered vehicle, after the Saratoga Springs Police Department responded to a reported burglary in-progress call on Broadway near Caroline Street. The caller reported that an unknown man began climbing into her apartment through an open living…

Property Transactions

  • BALLSTON Rosetti Acquisitions sold property at 23 Pasture Place to Anne Sheridan for $319,500. Erik Lundgren sold property at 1371 W High St to Mark Thornhill for $220,000. Barbera Homes Kelley Farms LLC sold property at 19 Stablegate Dr to Keith Reilly for $521,112. Hezzies Daughters sold property at 24 Remsen St to Ellen Rose for $236,000. Jacqueline Langlois sold property at 49 Westside Dr to Samantha Marquette for $220,000. Daniel Shields sold property at 535 Reita St to Christina Constantine for $210,000. Heritage Builders Group LLC sold property at 72 Cypress St to Jerome Kamiler for $343,371. Robert Diggins…
  • NYPA
  • Saratoga County Chamber
  • BBB Accredited Business
  • Saratoga Convention & Tourism Bureau
  • Saratoga Springs Downtown Business Association