Name: The Adirondack Trust Company
Address: 473 Broadway, Saratoga Springs, NY, 12866-2203, USA
Telephone: (518) 584-5844

With “the strength of the Adirondacks” as its original motto, The Adirondack Trust Company combines innovative banking with personal, face-to-face service for its customers.

In today’s fast-growing Saratoga County market, The Adirondack Trust Company is the leader in market share---and in customer service. Its community-bank philosophy dates back to its founding in 1901, as a vehicle for financing ventures in upstate New York.

The bank’s founder, New York State Senator Edgar T. Brackett, recognized the importance of the bank to Saratoga Springs, an exclusive resort known for its curative mineral waters, racecourse and casino. Brackett exhorted his successors to see to it “that the bank is managed not only for the proper purpose of making money for its stockholders, but also for the development of the community where it is located, and to be an example of high dealing to all who come in contact with it.”

This vision guided the early bank, which immediately launched a savings department, provided mortgages, and recruited the town’s first large factory.

In 1910, Brackett and his close associates fended off a sale attempt, keeping ownership local. Even through the Depression of 1929, the bank remained strong, guided by its president, Charles Van Deusen. Newman E. Wait succeeded him in 1937 and saw to it that the bank remained forward-looking, taking initial steps toward automation and opening the region’s first drive-up window for banking. Despite the bank’s strength, the city’s economy became stagnant due to changes in its historically important resort business.

The Adirondack Trust Company

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