The Adirondack Trust Co. was named the
top active Small Community Bank Lender in
the Capital Region for a record 13 straight
years and in the 34-county Syracuse District
for seven consecutive years.
Small Business Administration Syracuse
District Director Bernard J. Paprocki said
that in the category for Small Community
Bank Lenders, Adirondack Trust Co. was the
most active lender (number of loans originated)
in the Capital Region for the fiscal
year ending Sept. 30. For 13 straight years,
Adirondack Trust outperformed all other
SBA 7(a) small community bank lenders in
The company approved 31 loans worth
$1.6 million to Capital Region startup and
existing small businesses, bank officials said.
“We are extremely pleased to receive this designation, now for a record 13 straight years,” said Charles V. Wait, president and CEO. “Since our founding in 1901 the Adirondack Trust Co. has been committed to helping small businesses grow. It is gratifying to be recognized by the SBA Syracuse District as the top small community bank lender each and every year that these records have been kept.
“Small businesses are the backbone of the communities in which we operate and through the SBA, we are able to provide financing to businesses to facilitate their growth thereby increasing employment opportunities for our local citizens.”
Paprocki said “Strong relationships with our lending partners are essential in providing small business owners with increased access to capital. With continued partnership, Capital Region entrepreneurs can continue to invest in their businesses and communities.”
The SBA Capital region covers Albany, Clinton, Columbia, Essex, Greene, Rensselaer, Saratoga, Schenectady, Schoharie, Warren and Washington counties.