Pioneer Bank (NY) is headquartered in ALBANY and is the 40th largest bank in the state of New York. It is also the 598th largest bank in the nation. It was established in 1889 and as of December of 2024, it had grown to 272 employees at 22 locations. Pioneer Bank (NY) has an A+ health rating.
Checking Account Woes
Lifelong customers shocked that we received a strange phone call from pioneer bank today ; some woman stated she is returning our 3rd party checks that we wanted to deposit in our checking account. We have deposited 3rd party checks now for some 25+ years. Intrusive questions, she was on a speaker phone and being coached what to say to me. "Where did we get these checks/", "they will be returned, they can't be deposited unless these people ( 20 or so) signed them in the bank in person." How rude and illegal. A return phone by us to the bank, they do indeed accept 3rd party checks and suggested I send a letter. Just like a 3rd grader that needs persmission.
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 20741 |
| Year Established | 1889 |
| Employees | 272 |
| Primary Regulator | OCC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.89% |
| Return on Equity - YTD | 7.25% |
| Annual Interest Income | $95.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $1.98B$1.85B |
| Loans | Q4 2024vs Q4 2023 | $1.43B$1.26B |
| Deposits | Q4 2024vs Q4 2023 | $1.64B$1.58B |
| Equity Capital | Q4 2024vs Q4 2023 | $250.3MM$226.9MM |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $21.8MM$21.4MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $5.2MM$12MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $0$51K |
