Type Mutual savings bank Total assets $700 million+ Number of employees 300 | Industry Financial services Website ulstersavings.com Founded 1851 | |
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Key people Ann Marrott, Board of Trustees Chairperson
Glenn B Sutherland, Interim President & CEO Products Savings; checking; consumer loans; mortgages; online banking Headquarters Kingston, New York, United States Profiles | ||
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Ulster Savings Bank is a state-chartered mutual savings bank headquartered in Kingston, New York, with 14 branches located in the Hudson Valley counties of Ulster, Dutchess, and Greene. The bank provides savings and checking accounts, home and car loans, as well as Visa debit and gift cards, and is supervised by the New York State Department of Financial Services.
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History
The Ulster County Savings Institution was chartered by the New York State legislature on April 12, 1851, with the first meeting of the incorporators occurring on May 1.
After 40 years in business, the bank faced a crisis in 1891 when its treasurer and assistant treasurer were accused of stealing more than $400,000, resulting in a temporary closure. Both received prison sentences as a result of their actions, and the bank reopened.
In September 2011, Lisa Marie Cathie was named the new President & CEO of the bank, succeeding Marjorie Rovereto. In 2015, Glenn B. Sutherland replaced Lisa M. Cathie as new Interim President and CEO of Ulster Savings Bank.
Branches
Branches are currently located in Gardiner, Kingston, New Paltz, Phoenicia, Poughkeepsie, Red Hook, Saugerties, Stone Ridge, Wappingers Falls, Windham, and Woodstock. Additionally, a new branch is planned for Newburgh.