Adirondack Bank

Commercial banks are always best to build a relationship with their client and the Adirondack Bank will be top of them. As a client, you will feel in every interaction why this bank is best for you.

Its management and representatives are always giving you what you expect from them. They will wait to understand what types of service you need after you inform them once.

With different and innovative financial products, this bank is doing everything right. Creating a lending center is the biggest example of it. But a few more details you should know about their service.

The more you know about the product, the easier the decision will be for you. After this short review, you’ll find your perfect financial product from this bank.

Adirondack Bank Logo
Picture: Adirondack Bank Logo

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What Is The Adirondack Bank?

In 1898, the Adirondack Bank started its service from Utica. Here you’ll find its headquarters. Its total assets are $786 and they have less amount deposited compared to their assets. Its total deposit is $659. That means, your money is always in good hands.

It’s not only able to provide in-person service but also offer mobile apps and online banking. That means they are always best to reach you at any cost.

Branch of Adirondack Bank
Picture: Branch of Adirondack Bank

Take a quick look at the overall status of this bank in the table below:

ParticularAmount (Q1, 2021 vs. Q1, 2020)
Assets$1.08 B, $875.5 MM
Loans$560 MM, $520.8MM
Deposits$882.9MM, $711.9MM
Equity Capital$72.5MM, 70.2MM
Loan Loss Allowance$5.9MM, $3.4MM
Unbacked Noncurrent Loans$11.7MM, $10MM
Real Estate Owned$342K, $693K

Product Offered:

Like every other bank, this one also has a different financial product to serve, as well as the rate. Let’s see all the details below.

ProductCurrent Terms and RatesMinimum Balance for APY
Savings Accounts0.01% APY$100
Certificates of Deposit12 Month: 0.20% APY24 Month: 0.45% APY36 Month: 0.50% APY48 Month: 0.50% APY60 Month: 0.50% APY$1,000 for all tiers
Money Market Accounts10K tier: 0.02% APY25K tier: 0.02% APY$2,500$25,000
Picture: Different Financial Services
Picture: Different Financial Services

What Is The Lending Center of The Adirondack bank?

For the loan, you must get the best option to take its full advantage. It’s important to know every detail when you are in the market for a loan. In this type of situation, the Adirondack Bank could be your ultimate solution.

As financial assistance, this bank has a lending center where a potential customer will know everything about it. A variety of loan options along with the convenient terms let you choose which loan method is perfect for you. Here is the option under the lending center.

  • Consumer Loans
  • Mortgage Services
  • Business Loans
  • Commercial Mortgage
Lending Centre has many loan and mortgage option
Picture: Lending Centre has many loan and mortgage option

Consumer Loans:

For the general consumer, this bank comes with convenient loans and terms. In this segment, you have plenty of options along with competitive rates. You can use personal loans, auto/truck loans, home improvements, home equity, and loans of credit, first lien, personal watercraft, motor homes, campers, trailers, credit cards, secured credit cards, and many more.

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Mortgage Services

For the mortgage product, this bank is also the best in business. Based on your needs, their team and staff will help you a lot to get the best option. There are things you should know about the mortgage service of this bank.

  • Conventional mortgages

This option is to purchase or refinance anything. But it has a range. From single-family homes to four-family homes, this mortgage option is available which is the primary goal of refinancing for their primary residence. It comes with two types of rates. One is a fixed rate and another one is an adjustable rate. Both rates can fluctuate based on the condition and terms.

  • Adjustable-Rate Mortgage

It has a variable rate that can go up or down. It’s only happened when the rate is tied to the index and the life of the loan as well.

  • Investment Property

For single and multi-unit properties you can have an investment property loan. There are also two types of rate available like fixed-rate and variable rate.

Adirondack bank comes with another two types of loan option called FHA (Federal Housing Administration) and VA (Veteran’s Administration) Loan. FHA offers lower costs and down payments. Not only that, it has easier qualifying guidelines.

On the other hand, VA loans are operated by the Department of Veteran Affairs. This loan is for veterans and their serving spouses. The good news is, there is no down payment required.

  • Camp Financing Program

To purchase a vacation home, this bank offers several financing options. Repayment terms of this loan are flexible, even the rate.

  • 3% Advantage Program

With a lower down payment option and flexible terms, you can buy your dream home. For such types of people, this bank offers a 3% advantage program.

Business Loan:

For the different business lending activities and support their community, this bank offers business loans and lines of credit. There is a variety of business and commercial lending options available and these are

  • Lines of Credit
  • Terms Loans
  • Construction Loans
  • Letters of Credit
  • Short Term Loans
  • Equipment Lines of Credit
  • Real Estate Loans
  • Construction Loans
  • Business Credit Cards

Commercial Mortgage:

To purchase commercial property, leased, or owner-occupied buildings, this bank is the right place to get your financial resources. In this service, few different criteria are included and these are

  • Personal attention
  • Quick response and convenient process
  • Flexible terms
  • Competitive interest rates and origination costs


When you can reach a bank with a different financial product and loan option, then the bank should be the best to serve you. After a long discussion, we found, the Adirondack bank has such potential to make their client happy.

They’re constantly changing their service to make all the terms and rates of their product flexible. The good side is, its upper management also monitoring every activity that ensures a good banking experience.

No doubt, for every type of community, this bank comes as a blessing. It doesn’t matter how much you seek financial resources. This bank is always there to help you.

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