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Rondout Savings Bank

Report a lost or stolen Debit/ATM Card please call 1 (844) 890-6189. | Routing #221971086 | NMLS #684320

Sunday, October 2 2022

Established in 1868 Rondout Savings Bank is a state-chartered, mutual banking and financial services provider headquartered in Kingston, New York.


As of 2021 Rondout Savings Bank had over $467 million in total assets, and has provided financial services to thousands of businesses and households throughout the Hudson Valley area. Rondout Savings Bank has seven locations in Kingston, West Hurley, and Hyde Park, and operates divisions in asset management, personal banking and business banking. Rondout Savings Bank is consistently recognized by BauerFinancial, Inc. with the 5- Star Superior Quality Rating. This rating is only awarded to 10% of the financial service institutions in the country and distinguishes Rondout Savings Bank as one of the strongest banking institutions in the country.

Because we are a mutual bank we do not answer to investors, so our main focus is on serving our customers and the community. This is evidenced by our commitment to our “Dividends to the Community Program”. We have over $467 million in assets, and are committed to investing a percentage of our annual profit back into our community each year. And being locally based we provide personal service with local management and decision making.

We have been around since 1868, helping families, neighbors and businesses prosper. Whether you’re opening your first savings account, approaching retirement, or starting a new business, our philosophy is the same: to be the leading provider of financial services in our market by delivering total client satisfaction.

Our bank has a long history of serving our local communities and we maintain a strong tradition of customer service excellence while providing each customer with the personal attention they deserve. Give us a call at (845) 331-0073 and let us show you what we can do for you.


Rondout Board of Trustees

Board of Trustees Photo

Top Row, Left to Right
Heidi Goodrich Kirschner —President & Chief Executive Officer, YMCA of Kingston and Ulster County

William F. Stote —Vice President of Sales, BSN Sports

Dennis M. Larios —President, Brinnier and Larios, P.C., Professional Engineers and Land Surveyors

Bradley W. Jordan —Chairman of the Board, President, Herzog Supply Co., Inc. and Kingston Plaza

Bottom Row, Left to Right

Richard Croce — President, Viking Industries

Frank G. Ostrander, III —Retired, Operations Budget Director, CH Energy Group, Inc.

Ian Horowitz —President & Chief Executive Officer, J & A Roofing


 

Statement of Condition

We are pleased to share with you our annual statement of condition. Rondout Savings Bank has experienced another solid year of performance and continues to maintain a strong balance sheet.

ANNUAL REPORT


Mission Statement

Our mission is to be a financially responsible, mutually owned corporate community leader who commits 10% of its annual earnings to its Dividends to the Community Program.  This will be accomplished by delivering total client satisfaction through:

  • Quality Advice and Solutions
  • Friendly, Knowledgeable, Timely, and Professional Service
  • Contemporary products and services supported by technology and people through multiple delivery channels

Vision Statement

To be our communities’ first choice of Bank and employer.


Core Values

Rondout Savings Bank C.A.R.E.S. about the wellbeing of each employee, customer and the communities we serve. The culture of caring at the bank has been formed over time dating back to 1868 when the bank was first established to assist returning soldiers with their finances. Our core values are the guiding light today and into the future for all to understand our culture of thoughtfulness, caring, and financial distinction.

COMMUNITY                                                                                                                                                                          Support & Encourage Success
ACCOUNTABILITY                                                                                                                                                                      Be Transparent & Authentic
RELATIONSHIPS                                                                                                                                                                        Put People First
EXCELLENCE
Strive for Peak Performance
SECURITY
Ensure Reliability, Safety & Trust