Displaying items by tag: Adirondack bank

Thursday, 16 March 2017 12:21

Bank Blazes in Blizzard, Valuables Secure

WILTON - Scraps of charred wood and twisted metal slumped across the ravaged roofline of the Adirondack Trust Company bank branch on Route 9 after a Tuesday afternoon fire destroyed the 25-year-old structure. No one was inside the bank at the time.

“When we arrived the bulk of the fire load was heavily in the attic area and came down into the building the first 20 to 25 minutes we were there,” said Greenfield Fire District Chief Justin Burwell. The roof caved in, leaving in its wake a series of long glassless windows that exposed the collapsed ruins within. Bank officials posted a round-the-clock security detail on-site to protect valuables.

“They have a vault and the funds were secured,” said Chief Burwell. “And no, there wasn’t any money floating around or anything like that.” The chief said he’s been asked that question a lot.

Bank President Stephan von Schenk said he is confident the vault protected the belongings of the bank’s customers. “I was allowed in to the branch and made it to the vault, which appears to be structurally sound; it didn’t appear the sheetrock or the vault door had been touched by anything, so everything looks good. We’re very optimistic.”

All transactions prior to the fire, including those performed at the ATM, were processed successfully. Money and safety deposit boxes were inside the vault, which is being extricated and relocated by a Connecticut based company which specializes in such things, von Schenk said.  It is anticipated customers will able to access their boxes after that relocation takes place, which is expected to be within a couple of days. Customers with inquiries regarding their safe deposit boxes at the Wilton branch are advised to call 518-584-5844 ext. 473.

The bank branch is located at the Route 9 intersection with Northern Pines Road, just north of the city. The branch closed at 1 p.m. Tuesday due to extreme weather conditions.

The combination of cold temperatures, high winds and heavy snow made battling the blaze difficult, said Burwell, who had to call the state Department of Transportation in to plow the road as Winter Storm Stella pounded the region. Burwell estimated there were about 60 firefighters from eight area fire companies on scene battling the fire, with two more fire companies standing by to offer assistance. No injuries were reported.

No one was in the building at the time of the incident, which occurred about one hour after the bank branch closed. Von Schenk said it appears “an electrical incident” related to wiring in an outlet had caused the fire.

Bank officials said they plan to rebuild as quickly as possible at the same location. The company has temporarily extended the hours of its nearby Exit 15 branch; those hours are: 9 a.m. to 6 p.m. weekdays in the lobby, and 8 a.m. to 6 p.m. at the drive-thru.  

The Saratoga Springs based Adirondack Trust Company employs about 250 people and was founded in 1910. It has 12 branch offices. The Route 9 branch building was constructed in 1991.

 

 

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