- Business
- Auburn Bancorp, Inc. (NasdaqCM: ABBB) serves as the holding company for Auburn Savings Bank, a federally chartered stock savings bank that provides a range of consumer and business banking products and services to individuals, families, local businesses, and municipalities primarily in Central New York. The bank offers deposit products including savings accounts, NOW accounts, money market accounts, checking accounts, certificates of deposit, individual retirement accounts, and health savings accounts; and lending products such as one- to four-family residential mortgage loans, multifamily loans, commercial real estate loans, construction loans, home equity loans and lines of credit, business loans, and consumer installment loans including automobile loans and personal loans secured by passbook savings accounts. Auburn Savings Bank operates through a main office in Auburn, New York, and five full-service branches located in the greater Auburn area, serving Cayuga County and surrounding communities. Founded in 1865 and headquartered in Auburn, New York, the company maintains a focus on community-oriented banking within the regional financial services sector. In recent developments, Auburn Bancorp completed its conversion from a mutual holding company structure to a stock holding company in June 2022, followed by its initial public offering and listing on the Nasdaq Capital Market under the ticker ABBB, marking a significant strategic shift to enhance capital access and growth opportunities.