Solvay Bank is headquartered in Solvay and is the 54th largest bank in the state of New York. It is also the 849th largest bank in the nation. It was established in 1917 and as of June of 2019, it had grown to 157 employees at 10 locations. Solvay Bank has an A health rating.
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 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.
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!
|FDIC Certificate #||13297|
|Return on Assets - YTD||0.94%|
|Return on Equity - YTD||10.24%|
|Annual Interest Income||$16.3MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$931.7MM$885.6MM|
|Loans||Q2 2019vs Q2 2018||$607.0MM$572.0MM|
|Deposits||Q2 2019vs Q2 2018||$804.4MM$780.7MM|
|Equity Capital||Q2 2019vs Q2 2018||$88.7MM$77.5MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$5.7MM$5.9MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$1.2MM$3.2MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$0$0|
Rates for Solvay Bank are currently being reviewed.
|Baldwinsville Branch||197 Downer Street||Baldwinsville, NY 13027|
|Camillus Branch||56 Genesee Street||Camillus, NY 13031|
|Cicero Branch||7895 Brewerton Road||Cicero, NY 13039|
|Dewitt Branch||6828 E Genesee St||Fayetteville, NY 13066|
|Liverpool Branch||7421 Oswego Road||Liverpool, NY 13090|
|North Syracuse Branches|
|North Syracuse Branch||628 South Main Street||North Syracuse, NY 13212|
|Solvay Bank||1537 Milton Avenue||Solvay, NY 13209|
|Westvale Branch||527 Charles Avenue||Solvay, NY 13209|
|Syracuse Branch||109 South Warren Street||Syracuse, NY 13202|
|Fairmount Branch||4131 West Genesee St||Syracuse, NY 13219|