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Kinderhook Bank has spent 165 years building excellent customer relationships. Since 1853 it has connected with friends, neighbors and businesses by exhibiting a commitment to the communities it serves.
“In addition to our long-standing presence in the immediate Capital District and being headquartered in Columbia County, we now have three branches along the Mohawk River in Amsterdam, Johnstown and Canajoharie,” said John A Balli, President & CEO. “We’re a small community bank that is growing, but everything is local – our investment in the community, our loan decisions, our expansion and our commitment.”
The recent merger with former Patriot Federal Bank in Fulton and Montgomery counties boosts Kinderhook Bank’s total assets to nearly $620 million. The merger also expands the bank’s service area into those counties, increasing the total number of branch offices to eleven.
This commitment is also apparent on the faces of Kelly Bailey, AVP/Residential Mortgage Lending and the dedication of Frank Trosset, VP Commercial Lending, as Kinderhook Bank expands its residential mortgage and commercial lending areas. Both Bailey and Trosset are located at the 197 Delaware Avenue branch in Delmar.
“Over the last several years, Kinderhook Bank has quietly grown significantly in the commercial lending arena in the Capital Region,” said Frank Trosset, who has been with Kinderhook Bank since 2009. “Commercial real estate loans are the ‘bread and butter’ of the loan portfolio, but commercial and industrial loans are growing fast, as well as our small-medium sized loans through our KB Express loan program,” Trosset added.
Bailey, who started with Kinderhook Bank just a few months ago, has more than 20 years of banking experience. She has worked under various titles with Cohoes Savings Bank, Hudson River Bank & Trust, and First Niagara Bank, and most recently as a branch manager for National Bank of Coxsackie.
“We help customers find the right residential financing program that fits their current budget and their future financial needs. Whether it be getting a better interest rate on an existing mortgage, buying and financing a land or investment property purchase, or building a new home, we find the right home loan program for them” said Kelly.
By recently adding a full-service branch in Delmar and in Latham, as well as the three new branches in the Mohawk Valley corridor, Kinderhook Bank’s capacity to build relationships now in a five-county service area has put the bank’s assets at more than $610 million through the first quarter of 2018.