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Adirondack Bank opens second branch in Lake Placid area

By Eric Reinhardt

Date:

Officials with Utica–based Adirondack Bank on Aug. 15 cut the ribbon to formally open a new branch at 2426 Main St. in Lake Placid, the bank’s second location in the Lake Placid area. (PHOTO CREDIT: Adirondack Bank)

LAKE PLACID — Adirondack Bank on Aug. 15 opened a new branch in the village of Lake Placid at 2426 Main St., its second location in the Lake Placid area.

“We could not be more thrilled to continue investing in the Lake Placid community by opening a brand new, convenient branch,” Rocco Arcuri Sr., president and CEO of Adirondack Bank, said in a news release. “It will provide added convenience for the businesses along that corridor as well providing jobs for people in the community.”

Adirondack Bank currently has a branch located just outside the village, at 38 Hadjis Way in the town of North Elba, but for the “convenience of tourists, community members and businesses that need meeting space, it made sense to expand into downtown Lake Placid,” the bank said.

“We want to take care of our community by creating more jobs and having a full-time mortgage originator in our area, making it easier to bank local,” said Arcuri.

The 1,300-square-foot Lake Placid branch will include a community room with Wi-Fi, which local organizations can use, a 24-hour ATM located in the branch vestibule, and a night depository. 

In addition to traditional banking products and services, the branch will provide access to investment, retirement and health-care products and services, offered through the bank’s affiliate — Adirondack Financial Services Corp. It’ll also offer insurance products and services provided through the bank’s subsidiary — Adirondack Insurance Services.

Adirondack Bank, which was founded in 1898, now has 19 branch offices, according to its website.

The executive headquarters of Adirondack Bank is located at 185 Genesee St. in Utica. The bank has total assets of more than $860 million, as of March 31, according to data from the FDIC.