Monday, June 18, 2007

Banking on Glens Falls

The Adirondack Trust Company Announces
Major Commitment to Glens Falls

The Adirondack Trust Company announced today that it has hired Kathie L. Duncan as President of the North Country Region. Mrs. Duncan will also serve as a member of the Senior Management Team of the Bank and is the second woman to do so. Mrs. Duncan will report to Charles V. Wait, Chairman, President & CEO of The Adirondack Trust Company. She has over twenty-three years of commercial lending experience in the greater Glens Falls market and most recently was Senior Vice President of Commercial Lending at TD Banknorth. Mrs. Duncan will be responsible for developing the Glens Falls market for the bank and working with businesses to help them reach their goals. Mrs. Duncan will make many of the loan decisions in the area thereby continuing the Bank’s commitment to servicing customers in an expeditious manner. She has been involved with many local non-profit boards such as the Glens Falls Hospital Foundation, Community, Work and Independence Inc (CWI) and is a co-founder of the Network for Enterprising Women, a women’s business networking group.

Also joining The Adirondack Trust Company is Mr. Michael O’Connell. Mr. O’Connell will serve as Vice President, in the Commercial Lending Group and will have responsibility for managing a team of commercial lenders and assisting Kathie with business development and management in the Glens Falls market. Mr. O’Connell has over eighteen years in commercial lending experience at TD Banknorth.

The Adirondack Trust Company has had a presence in the City of Glens Falls for over five years with their office at 24 Maple Street. The bank also announced that they will be expanding their offices in the Glens Falls area and are actively reviewing locations.

Charles V. Wait, Chairman, President & CEO of The Adirondack Trust Company noted, “We are extremely pleased to make this announcement. Our commitment to Glens Falls and the North Country is further highlighted with these additions to our staff and our commitment to grow our local presence. Over the years, we have worked with many local non-profits such as the Hyde Collection, Lower Adirondack Regional Arts Council, Double H Ranch and the City of Glens Falls Centennial Committee to help them with their mission. Our commitment to helping local non-profits and businesses is the hallmark of our bank. With all of our decisions made locally we will continue to serve our customers in a manner that is best for them and their business. For six consecutive years, we have received the SBA Community Bank Lender award as the number one community bank small business lender.”

William P. Dow, President of Lake George Steamboat Company notes, “The Adirondack Trust Company is our exclusive banking relationship. It is a pleasure to deal with a financial institution whose people, from the very top down, answer your phone calls and always treat you with decency.”

Bill Batkay, CFO of Miller Mechanical Service, Inc. stated, “the staff of Adirondack Trust is hometown people who serve the customer with excellence.”

The Adirondack Trust Company is a community-based, full-service financial services company offering a wide variety of business and personal banking products and services. The Bank offers trust, insurance and investment services and originates real estate mortgages, both residential and commercial, and commercial business loans throughout its primary market area. The Bank's website is

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