Thursday April 5, 2018

Pathfinder Bank to Open New Branch in Clay

Financial institution sets sights on Route 31 location

    Pathfinder Bank recently purchased a former bank building at 3775 state Route 31 in the town of Clay and will establish a new branch there.

    The opening is scheduled for October after interior renovations are complete. It will mark the third banking office in Onondaga County.


    The new office will be a full-service branch, offering an array of financial services including retail, residential mortgage, commercial lending, and wealth management services, as well as teller and ATM drive-thru service.


    The bank plans to hire six new employees, which would increase its number of employees to 160.


    “Our commitment to Onondaga County continues to grow, as does the communities’ support of our presence,” says Tom Schneider, president and CEO of Pathfinder Bank. “Our business model involves full engagement and leadership in the communities we serve.


    “We seek to assist customers and the community and strengthen the economic, social, civic, and cultural fabric of our communities. We recognize a need to provide our customers with more convenience and have been searching for a new location that would enhance our accessibility.”


    Pathfinder’s newest location will sit alongside the proposed Widewaters Commons located at 3715 Route 31, west of an existing Kohl’s store and about a mile west of state Route 481.


    Widewaters Commons, a project of Widewaters Group, is about halfway through the planning board approval process. The proposal calls for a 100,000-square-foot-plus retail complex with restaurants and stores. Widewaters Group is a Syracuse-based real estate development and management company with more than 30 years of development, construction, management and investment experience.


    Pathfinder Bank is a New York state-chartered commercial bank headquartered in Oswego, whose deposits are insured by the Federal Deposit Insurance Corporation.


    The bank is a wholly owned subsidiary of Pathfinder Bancorp, Inc, (NASDAQ SmallCap Market; symbol: PBHC, listing: PathBcp). The bank has nine full-service offices located in its market areas consisting of Oswego and Onondaga counties.

Oswego County Business Magazine
Issue 157

Issue 157
August/September 2018

Cover Story

  • Thunder Island Rolls
  • Thunder Island’s new owners are investing $2.5 to buy and turn the local water park into a top destination that they say will rival Darien Lake’s theme park

Profiles

Rodmon King

On The Job

On The Job

Success Stories

Dr. Padma Ram Medical Services, LLC

My Turn

A Dangerous Time to Be a Journalist

Economic Trends

OCO Honors Those Who Make a Difference

Last Page

Jiancheng Huang