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Rondout Savings Bank is a hometown bank currently celebrating 140 years of excellence in service to the community.
For us, 140 years is an important milestone, but what’s most important is not just the years we’ve been here, but the lives we’ve touched along the way. Families who were able to purchase their own home and achieve their dreams, and businesses that were established or expanded, providing employment for more people in our community and contributing to our region’s financial health.
You see, we base our success on helping others succeed. Since 1868 we’ve been partnering with local businesses and individuals to meet financial needs and achieve corporate and personal goals through a wide range of personal and business deposit and loan accounts and convenience services. It’s what we do best. It’s what we love to do. And we’d love to do it for you.
What can you expect as a customer of Rondout Savings Bank?
As a mutual savings bank we answer to our stakeholders – our customers, the community and our employees – not stockholders whose interests may not parallel our community’s needs. When we say we’re committed to the community, we mean it.
Our people are your neighbors and friends. Our board and management and their families live here and share neighborhoods, schools, houses of worship, clubs, charities and associations with you and your family. All decisions are made locally, with local interests in mind.
Our Board of Trustees and Senior Management staff are, we believe, the best in the business. Put their talents to work for you!
We work every day to earn the business of individuals and organizations in our community, and, in turn, we invest in the community to keep it a rich, rewarding and vibrant place for us all to live and work. In addition to volunteering our time and talents on local boards and committees, we annually donate 10% of earnings to area non-profits as a “Dividend to the Community” to support local education and youth programs, health and human services, culture and the arts.
We do all this while maintaining a rock solid balance sheet and strong capital position to assure our financial strength and stability throughout fluctuating market conditions. That’s why we’ve been here for 140 years and that’s why we’re unaffected by the current upheaval in the financial industry stemming from risky choices and poor decisions; you won’t find that kind of risk-based behavior at Rondout. In fact, we’ve just received our 67th consecutive 5-Star Superior Rating from BauerFinancial, an independent national rating service that has recognized Rondout as one of the strongest, best-managed financial institutions in the country.
We never forget that you have financial choices, and we appreciate your choice to do business with us. We’ll work hard every day to earn your continued trust and satisfaction. And that’s a promise!