{"id":31678,"date":"2018-01-04T13:29:14","date_gmt":"2018-01-04T18:29:14","guid":{"rendered":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/?p=31678"},"modified":"2018-01-04T23:09:30","modified_gmt":"2018-01-05T04:09:30","slug":"capital-bank-new-branch-area-officials-expect-opening-2018-2nd-quarter","status":"publish","type":"post","link":"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2018\/01\/capital-bank-new-branch-area-officials-expect-opening-2018-2nd-quarter\/","title":{"rendered":"Capital Bank To Have New Branch In The Area; Officials Expect Opening In 2018 2nd Quarter"},"content":{"rendered":"<p>Capital Bank, a division of Chemung Canal Trust Co., will open a new, full-service branch in the Saratoga Springs\/Wilton area.<\/p>\n<p>According to Anders M. Tomson, president and CEO of Chemung Canal Trust Co. and division president of Capital Bank, \u201cexpanding deeper into Saratoga County has been a desire of ours for some time, but it was a matter of identifying the right facility with the right site. We are confident that this location is the perfect match.\u201d<\/p>\n<p>Capital Bank currently operates a branch in Clifton Park.<\/p>\n<p>Located at 3057 Route 50, Capital Bank will lease a former First Niagara office, just on the northern edge of Wilton Plaza. The building has approximately 3,400 square feet of space and features a drive-in teller and a drive-up ATM.<\/p>\n<p><!--more--><\/p>\n<p>Tomson said the branch will likely open during the second quarter of 2018.<\/p>\n<p>\u201cThe building is large enough to allow us to make this a regional financial center, offering residential, small business and commercial lending; wealth management and brokerage services,\u201d he said. \u201cThese services will complement our more traditional individual and commercial banking products.\u201d<\/p>\n<p>The Saratoga branch will be Capital Bank\u2019s seventh location, and follows the announcement earlier this year that Capital Bank is building a new branch within Schenectady\u2019s Mohawk Harbor waterfront development project. That office is scheduled to open during the first quarter of 2018.<\/p>\n<p>\u201cSaratoga County is the fastest growing county in New York state, outside of New York City and Westchester County,\u201d Tomson said. \u201cWith a strong economic foundation, a well-diversified employment base, low unemployment, quality healthcare and educational outlets, and a plethora of cultural and entertainment venues, we believe that the residents and business community will benefit from our community banking business model, which emphasizes a \u2018high touch\u2019 approach to meeting our clients\u2019 banking needs.\u201d<\/p>\n<p>Capital Bank, originally formed in 1995, was merged into Chemung Canal Trust Co. in 2011.<\/p>\n<p>Bank officials reported assets of $1.7 billion. The company has 33 offices in 11 counties in New York state and one county in Northern Pennsylvania.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capital Bank, a division of Chemung Canal Trust Co., will open a new, full-service branch in the Saratoga Springs\/Wilton area. According to Anders M. Tomson, president and CEO of Chemung Canal Trust Co. and division president of Capital Bank, \u201cexpanding deeper into Saratoga County has been a desire of ours for some time, but it [&hellip;]<\/p>\n","protected":false},"author":196,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-31678","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Capital Bank To Have New Branch In The Area; Officials Expect Opening In 2018 2nd Quarter - Saratoga Business Journal<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.saratoga.com\/saratogabusinessjournal\/2018\/01\/capital-bank-new-branch-area-officials-expect-opening-2018-2nd-quarter\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Capital Bank To Have New Branch In The Area; Officials Expect Opening In 2018 2nd Quarter - Saratoga Business Journal\" \/>\r\n<meta property=\"og:description\" content=\"Capital Bank, a division of Chemung Canal Trust Co., will open a new, full-service branch in the Saratoga Springs\/Wilton area. 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