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1537 Milton Avenue
Solvay, NY 13209

Solvay Bank is headquartered in Solvay and is the 59th largest bank in the state of New York. It is also the 943rd largest bank in the nation. It was established in 1917 and as of March of 2014, it had grown to 150 employees at 8 locations. Solvay Bank has a A+ health rating.

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Reviews (3)

Great Rates...Awful Service.

Yes they have some of the best rates available for accounts and mortgages, but their service is awful. The mortgage department is especially poor. Questions brushed off, no return phone calls, gives the impression that they don't want to be bothered like they are doing you a favor. Unbelievable!

Rates Are Competitive But...........


Their rates are competitive locally, but we have had several instances where we were treated poorly by their tellers.  There's an arrogance and unfriendliness by the tellers that we have not encountered at other banks.  They seem more interested in "zinging" you than in being helpful.  A recent example: a simple transaction where we wanted to exchange $600 in small bills (mostly 20s) into larger bills was met with such antagonism that we gave up on the transaction.

Their ATMs located at their branches and main office are frequently not in service or out of paper.

We currently have multiple accounts with the bank, yet we are rarely treated in a helpful manner. 

Great Rates, Aweful Service

Great bank overall but if you have good credit but with a marginal past, good luck getting a loan. I recently applied for a loan and was turned down cause of stuff that was on my report. The stuff on the report was taken care of years ago and was given letters of satisfaction. This stuff was brought back into question and was denied a loan. I would not encourage anyone to bank through them if you are triing to rebuild your credit, they will not give you a chance.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Solvay Bank had $3.75 million in non-current loans and owned real-estate with $72.38 million in equity and loan loss allowances on hand to cover it. This gives Solvay Bank a Texas Ratio of 5.18% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Solvay Bank decreased dramatically from 8.54% as of March 31, 2013 to 5.18% as of March 31, 2014, resulting in a positive change of 39.41%.This indicates that the balance sheet and financial strength for Solvay Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Solvay Bank has increased its total deposits by $67.37 million, resulting in 11.59% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Solvay Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Solvay Bank has $721.7 million in assets with $72.38 million in equity, resulting in a capitalization level of 10.03%, which is above average.

Institution Statistics

FDIC Certificate #13297
Year Established1917
Primary RegulatorFED
Assets and Liabilities
Assets$721.70 million
Loans$410.96 million
Deposits$648.82 million
Equity Capital$66.23 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$3.67 million
Real Estate Owned$78,000
Historic Data - March 2013
Assets$651.79 million
Equity Capital$64.15 million
Loan Loss Allowance$6.49 million
Unbacked Noncurrent Loans$3.67 million
Real Estate Owned$40,000
Profit Margin - Quarterly
Return on Assets0.94%
Return on Equity10.15%
Interest Income$5.85 million

Always verify rates and promotions with the bank or credit union. We are not Solvay Bank, we are a rate comparison website and can not provide official rates or promotions.

Solvay Bank Savings Account Rates

0.15%$10k-HSA Accounts
0.05%--Statement Savings
0.05%--Vacation Club
0.05%--Christmas Club - AutoCharge
0.05%--Christmas Club - Coupon

Solvay Bank Money Market Rates

0.15%$100k-Money Market Account
0.15%$100k-Money Market Advantage
0.15%$100k-Non-Personal Money Market Account
0.15%$100k-Non-Personal Money Market Advantage

Solvay Bank Checking Account Rates

2.00%-$15kHigh Interest Checking - Qualifying
0.05%--High Interest Checking - Non Qualifying
0.05%--NOW Account
0.05%--Business NOW Account

Solvay Bank CD Rates

1.75%$500-60 Month CD
1.65%$500-48 Month CD
1.10%$500-36 Month CD
0.80%$500-30 Month CD
0.60%$500-24 Month CD
0.55%$500-18 Month CD
0.50%$500-12 Month CD
0.25%$500-182 Day CD
0.15%$500-91 Day CD

Solvay Bank IRA Rates

1.75%$500-60 Month IRA
1.65%$500-48 Month IRA
1.10%$500-36 Month IRA
0.80%$500-30 Month IRA
0.60%$500-24 Month IRA
0.55%$500-18 Month IRA
0.50%$500-12 Month IRA
0.25%$500-182 Day IRA

Solvay Bank Locations
Syracuse Branch109 South Warren StreetSyracuse, NY 13202
Solvay Bank1537 Milton AvenueSolvay, NY 13209
Fairmount Branch4131 West Genesee StSyracuse, NY 13219
Westvale Branch527 Charles AvenueSolvay, NY 13209
Camillus Branch56 Genesee StreetCamillus, NY 13031
North Syracuse Branch628 South Main StreetNorth Syracuse, NY 13212
Liverpool Branch7421 Oswego RoadLiverpool, NY 13090
Cicero Branch7895 Brewerton RoadCicero, NY 13039