The Adirondack Trust Company
ADKT
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- The Adirondack Trust Company (ADKT) operates as an independent, locally owned community bank providing a comprehensive range of business and personal financial services to individuals and businesses primarily in New York's Saratoga, Warren, and surrounding Capital Region counties. The bank offers checking and savings accounts, direct deposits, and reorder checks; home mortgage loans, home equity loans and lines of credit, auto loans, personal loans, and term loans; lines of credit, SBA 7(a) lending products, construction and development financing, and commercial real estate loans; fixed-rate and adjustable-rate mortgages, home refinance products, and mortgages for first-time homebuyers; debit and credit cards; workplace banking services; overdraft protection; mobile and online banking, bill pay, mobile check deposits, merchant processing, wire transfers, night depository, and ACH origination services; as well as trust, investment management, estate planning, insurance products including auto, home, life, long-term care, business insurance, employee health plans, and disability coverage. Founded in 1901 and headquartered at 473 Broadway in Saratoga Springs, New York, the company maintains a network of approximately 14 full-service branches across Saratoga Springs, Ballston Spa, Malta, Milton, Wilton, Round Lake, Queensbury, and other locations in the region, supported by drive-up services, 24-hour ATMs, and complimentary Wi-Fi; it operates as a subsidiary of The Adirondack Trust Company Employee Stock Ownership Trust, manages over $1.6 billion in assets, and holds a BauerFinancial 5-Star Superior rating for 75 consecutive quarters as of March 2025. In recent developments, the bank consolidated its Luther Forest Branch in Malta into its nearby Malta Branch effective June 2024 to optimize its retail strategy while preserving strong regional presence through three full-service branches in the area, with no service disruptions and employee reassignments to other locations; it also ranked as the top Large Community Bank Lender in the Capital Region for SBA 7(a) loans in fiscal year 2024, approving 19 loans totaling nearly $2.5 million to support local small businesses.