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Saratoga National banking on Colonie expansion

Apr 9, 2014

Email  |  LinkedIn  |  Twitter Dave DeMarco , CEO of Saratoga National Bank and Trust Co., said the company is preparing to open its first location outside of Saratoga County. Saratoga National will lease a 2,800-square-foot spa, previously the vacant Key Bank building located at 501 New Karner Road, in the Rosewood Plaza in Colonie, NY. "A Colonie branch will further establish our presence in the growing Capital Region," DeMarco said. "Our style of true community banking has been well-received in Clifton Park, and we are excited to deliver it to the residents and businesses of Albany County. " It will allow Saratoga National to have a full-service location closer to its Capital Region customers beyond Saratoga County. "It will be a one-stop shop for anything finance our clients should need," DeMarco said. It will be Saratoga National’s eighth location. Saratoga National Bank currently provides banking, investment, insurance and other financial services through seven Saratoga County banking offices, as well as mobile and online channels. "We're going to be another competitive source of meeting the community’s financial needs," DeMarco said. "We're going to be more aggressive in pricing and loan approvals. " Jeffrey J. Trudeau will be the manager of the new Colonie office. Commercial lender John Wyatt will be based out of the same location. Saratoga National, which has 50 employees, will hire two additional employees to work out of the new location. DeMarco said a convenient location is one of the top three factors businesses consider when choosing a bank. Saratoga National expanded into Clifton Park last year, a move that accounted for 20 percent in growth. Page 1

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