SOLVAY, N.Y. — Onondaga County–based Solvay Bank announced it is expanding its commercial-banking services in the Mohawk Valley region in the new year.
The bank did not release specific details of its Mohawk Valley plans, but indicated the expansion is part of its strategic vision to support economic growth and development in the Mohawk Valley and become a “trusted partner through its relationship-based banking model.”
As part of the expansion, the bank has hired Matt Nicholl as VP, commercial-loan officer. Based in New Hartford, he plays a key role in establishing Solvay Bank’s presence in the area. He has more than 20 years of banking experience, including 12 years in commercial lending.
(Sponsored)
The Pay Transparency Laws Become Effective On September 17th. Are You Ready?
Later this month New York will join a handful of States in the US which require greater transparency in wages. In December 2022, the Governor signed into law new wage
Maximizing Tax Benefits for Energy-Efficient Buildings
The Inflation Reduction Act (IRA) of 2022 significantly enhanced the Section 179D deduction, making it even more valuable for businesses investing in energy-efficient commercial building property (EECBP) and energy-efficient commercial
“We are thrilled to announce our commercial expansion into the Mohawk Valley region and welcome Matt to the team,” Solvay Bank President/CEO Paul Mello said in a news release. “This represents a significant milestone for Solvay Bank. We look forward to forging strong relationships, integrating with the community, and supporting the region’s economic growth as we have done in Onondaga County for over 106 years.”
Founded in 1917, Solvay Bank has nine retail-branch locations in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, Liverpool, North Syracuse, Westvale, and downtown Syracuse in Onondaga County. It also has a commercial-lending presence in the Mohawk Valley. Its Insurance Agency, Inc., is a full-service general insurance agency.
