SOLVAY — Solvay Bank is expanding its headquarters to provide room for future growth.
The 17,000-square-foot expansion to the bank’s headquarters at 1537 Milton Ave. will be complete in January. In addition to providing room for growth, the new space will allow for more efficient centralization of departments, according to the bank.
“Our workforce has grown by over 10 percent in the last four years and we now employ 160 people,” Solvay Bank President and CEO Paul Mello said in a news release. “We have added 15 new employees during a period of economic recession that has left many other institutions scaling back their services. We couldn’t be more excited to be celebrating our 95th anniversary with a major expansion for our headquarters.”
(Sponsored)
The Importance of Relationship Banking for Small Business Success
Small business owners wear many hats. Each day can bring on new challenges requiring valuable time and focus – especially in the competitive economic environment we live in today. The
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Solvay Bank has eight branches in Solvay, Fairmount, Camillus, Liverpool, North Syracuse, Cicero, downtown Syracuse, and Westvale. The bank also owns an insurance agency.
Contact Tampone at ktampone@cnybj.com
