The Adirondack Trust Company is headquartered in Saratoga Springs and is the 46th largest bank in the state of New York. It is also the 655th largest bank in the nation. It was established in 1901 and as of September of 2020, it had grown to 235 employees at 13 locations. The Adirondack Trust Company has an A+ health rating.
Knowledgeable And Responsive Customer Care
Since 2010 I've received excellent service from AT.
Secure mail via their web site or phone calls to the main 800 number receive prompt attention by local branch staff who are friendly and knowledgeable.
Remote deposit via the web or ap works well.
New HSA Service Fee At Adirondack Effective 10/1/2011
Just a heads-up everybody: I was trying to move my HSA from Connexus Credit Union (advertised rate of 2% APY only applies to balances over $15,000, and I just opened my first ever HSA as you may know the amount allowed to contribute per year is $3,050.00) to Adirondack whose rate dropped from 5% to 3%APY which is double of what I am earning at Connexus.
And then I saw the following statement on Adirondack website:
Effective October 1st 2011 the following fees will apply:
$25.00 enrollment fee $4.00 monthly service fee. No other details are provided as far as conditions to have the monthly fee waived. I need to call and find out, but I have a feeling that they think they can adopt these fees because of the higher rate available nationwide.
Rate Lowered Dramatically Back In February Of 2013
The rate was lowered in a dramatic fashion from 3% to 1% apy. The fee being charged still remains at $2 per month.
Now Charging Fees.
http://www.adirondacktrust.com/en/personal-banking/savings-accounts/health-savings
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 660 |
| Year Established | 1901 |
| Employees | 235 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.73% |
| Return on Equity - YTD | 6.98% |
| Annual Interest Income | $29.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $1.46B$1.20B |
| Loans | Q3 2020vs Q3 2019 | $865.4MM$747.9MM |
| Deposits | Q3 2020vs Q3 2019 | $1.29B$1.04B |
| Equity Capital | Q3 2020vs Q3 2019 | $143.1MM$133.0MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $18.2MM$12.3MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $1.3MM$1.2MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $135.00K$187.00K |
