Saratoga Springs, New York—The Adirondack Trust Company announced today the consolidation of its Luther Forest Branch, located at 51 Luther Forest Boulevard in Malta, New York. This Retail Branch location will be consolidated into Adirondack Trust’s Malta Branch, located at 2510 Route 9, also in Malta, New York.
Subject to regulatory approval, deposits at the Luther Forest Branch are expected to transition to the Malta Branch at the end of business on Friday, June 28, 2024. Employees of the Luther Forest Branch will continue to be employed at Adirondack Trust and will work in our other Retail Branch locations. There will be no interruptions in existing business.
“Our presence in the Malta area is very significant, and will remain so after this consolidation, with three large, full-service branches in the area,” said Adirondack Trust Company President and CEO Charles V. Wait, Jr. “While this specific location wasn’t contributing to our strategy in the way we initially hoped, our commitment to the area and to our overall market remains strong.”
Between Adirondack Trust’s Malta, Exit 11, and Ballston Spa branches, current Luther Forest Branch customers will have plenty of choices on where to bank in the area subsequent to this consolidation. All Adirondack Trust Retail Branch locations are staffed with friendly and knowledgeable individuals and offer an array of business hours to meet customer needs. Branch locations also include drive-up services, 24-hour ATMs that accept deposits, complimentary Wi-Fi, and more. A complete list of Adirondack Trust locations and hours can be found at AdirondackTrust.com/Locations.
The Adirondack Trust Company is an independent, locally owned and operated, community bank offering a wide variety of business and personal financial services. The Bank has more than $1.6 billion in assets and 13 branch offices. The Bank offers banking, trust, insurance, and wealth management services, and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its primary market area. The Bank is a Bauer 5-Star Rated Superior bank. The Bank’s website is AdirondackTrust.com.