rondout lighthouse logo




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

Tuesday, June 19 2018


Lighthouse Monument Ribbon Cutting

Rondout Savings Bank Celebrates 150th Anniversary with Donation to Kingston

May 31, 2018

KINGSTON – “I like to think of the City of Kingston as a city of firsts”, said Kingston Mayor Steve Nobel. He was referring to the first lighthouse on the canal back in the 1800’s, and the first woman to operate it; bringing us to the first woman president of Rondout Savings Bank, Cheryl Bowers.

“Its a little bit less about being the first woman as much as it is being the first president that starts the next 150 years.”, said a very humble Cheryl Bowers. Bowers was named the bank’s fourteenth president back in November of 2017.

The evening began with a reception at the Homeport Barn at the foot of Broadway in Kingston. After hor d oeuvres, a welcome from Cheryl Bowers, and cake the crowd moved to the Visitor’s Center. Situated on the grassy knoll, next the the Visitor Center building, the structure stood wrapped in a blue cloth, awaiting its unveiling.

Hundreds gathered around the 10 foot structure that only revealed the blue stone base of the monument. Ulster County Chamber of Commerce President Ward Todd MC’d the event with quick congratulatory words from himself, mayor Noble, and Rich Kleban who came to represent the Dutchess County Regional Chamber of Commerce, where a Rondout Bank Hyde Park location resides.

After the speeches, Bowers cut the ribbon and behind her, the cloth was snapped away from the structure to reveal a five foot steel lighthouse as a symbol of Rondout’s mission throughout its 150 year history to be a beacon of trust and to provide guidance to the community it serves. Local artist Johnny Poux was commissioned by Rondout Savings Bank to create the lighthouse.

“Two words”, said Tony Marmo, owner of Normann Staffing. “Customer Service. That’s why the bank has been a cornerstone of this community for so long. The staff and management provides consistent and unmatched customer service.”, he said.

Original article posted on

Lighthouse Monument Ribbon Cutting
Lighthouse Monument Ribbon Cutting
Lighthouse Monument Ribbon Cutting

View Our 150th Anniversary Celebration Event Photos

cheryl bowers

SUNY New Paltz School of Business Announces 2018 Hall of Fame Inductees

February 20, 2018

Since 2001, the School of Business Hall of Fame has recognized the achievements of students, faculty, alumni and community members who have made significant contributions to their respective business professions and to the educational activities at New Paltz.

The School of Business is pleased to announce its 2018 Hall of Fame inductees:

Business Person of the Year: Cheryl Bowers

On Jan 1, 2018, Cheryl Bowers became the first woman President and CEO of Rondout Savings Bank, which has served individuals and businesses in the Hudson Valley for 150 years.

She is an active participant with the New York Bankers Association, where she serves on the Education Committee and Women in Banking Conference Committee and is a regular speaker at the Annual Women’s Leadership Conference.

Bowers has also made numerous contributions to her community. Among her many regional engagements, she serves on the boards of the Ulster Community College Foundation, the Kingston Boys and Girls Club, the Lions Club of Kingston, and Vassar Brothers Medical Center. She is a past Board Chair of the Ulster County Regional Chamber of Commerce, a past honoree of the YWCA Tribute to Women and was named Volunteer of the Decade by Gateway Community Industries.

To learn more click here.

Rondout Savings Bank employees with UCSPCA employees at the table of food donated through Rondout Savings bank's 150 Ways of Giving Campaign.

150 Ways of Giving Ulster County SPCA Donations

January 31, 2018

In celebration of a century and a half of philanthropy and service, Rondout Savings Bank kicks off their 150th year celebration with a Calendar of Giving. Rondout Savings Bank has already begun to highlight their 150 Ways of Giving fostering community engagement and giving financial support to local organizations. A different organization will be featured each month, keeping the spirit of fueling philanthropy alive all year long. This momentous year will include many events recognizing and thanking the community.

The month of January featured the Ulster County SPCA as the benefactor of the community’s generosity. Rondout Savings Bank had collection boxes in each of their 5 branches, collecting bags and cans of dog food and cat food to help feed the UCSPCA’s residents. As the UCSPCA does not receive any funding other than what they receive as donations, this was a very important collection.

On February 14th, the bank dropped off their collected items to the shelter on Wiedy Rd in Kingston; a total of 162 bags and cans of food!

To find out more about Rondout Savings Bank’s 150 Ways of Giving Campaign click here.

Celebrating 150 Years 1868-2018

Rondout Savings Bank Celebrates 150 Years of Service

January 19, 2018


Rondout Savings Bank 150 Years Group Photo

January 2018, Rondout Savings Bank is celebrating its 150th year as one of the area’s most successful long-standing, independent banks. The theme for this notable achievement is Then, Today, Tomorrow, it will always be about you.

“We are very proud to announce our 150th anniversary to the community. We want to give a big thank you to all that have supported the bank. Our growth and longevity is founded on the valued relationship we have with our clients, nothing is more important to us”, said Cheryl Bowers, President and CEO of Rondout Savings Bank.

The bank was founded in 1868 by Thomas Cornell, a prominent businessman whose vision was to create a bank for the local working people of Kingston. Shortly after the civil war, returning veterans and laborers of the bustling Rondout waterfront in Kingston turned to Rondout Savings Bank to help them save their hard earned wages to secure their financial future. “It was a bank for the people and remains so today,” says Bowers.

Rondout Savings Bank has deep community roots. From its beginning, the bank’s executive team, trustees and staff have always lived, worked and volunteered locally, giving the bank a position of value and respect. Banking decisions are made locally by those that have a deep understanding of the people and communities they serve. “It’s about understanding more than just numbers when working with people”, explained Marjorie S. Rovereto EVP, Chief Lending Officer at Rondout Savings Bank. “We look back with pride at the banks enduring foundation of community service while it looks forward to continuing to help bolster the local economy.”

Coupling long held values of community service with modern vision, this year Rondout Savings Bank promoted its first woman President and CEO, Cheryl Bowers. Bowers is one of the area’s most valued banking executives. Her impressive financial services background is comprised of nearly 30 years of banking experience including over 20 years holding leadership positions.

“We couldn’t be more proud to announce our 150th anniversary; our team of banking experts is in a unique position to reflect on the importance of having such strong roots in the communities we serve. This intimate knowledge will define our future as a bank that prioritizes people first, while contributing to the region’s economic stability and growth”, emphasized Bowers.

Banking with Rondout Savings Bank is not only a personal choice, it’s a direct investment back into the local community. Maintaining their foothold as the leading community bank in the area, 10% of the bank’s earnings are given back to the people and businesses of the Hudson Valley in the form of donations to local non-profit organizations. In celebration of a century and a half of philanthropy and service, Rondout Savings Bank kicks off their 150th year celebration with a Calendar of Giving.

Rondout Savings Bank has already begun to highlight their 150 Ways of Giving fostering community engagement and giving financial support to local organizations. A different organization will be featured each month, keeping the spirit of fueling philanthropy alive all year long. This momentous year will include many events recognizing and thanking the community.

A special event celebrating the bank’s actual May anniversary will be held near Memorial Day with a nod to their inspiration from the start – helping Civil War veterans and workers in 1868. More details on the event will be released closer to the date.

While financial growth and technological advances have many banks moving farther away from personalized service, Rondout Savings Bank is firmly rooted in its connection to the people it serves. Modern conveniences like mobile apps and online banking are available, but customers can still visit one of five brick and mortar locations and actually talk to the president and senior staff.

With its success based on this unique blend of personal service, innovative technology and over $356 million in assets, Rondout Savings Bank has earned a five-star rating and spot in the top 4% of national banks by BauerFinancial Inc. an independent bank rating firm.

Rondout Savings Bank is thrilled to reach this milestone, and they look forward to serving the Hudson Valley well into the next century and beyond. Small enough to see the needs of their community but big enough to deliver results, Rondout Savings Bank will always be about the people, then, today, and tomorrow.

Cheryl Bowers

Rondout Savings Bank Board of Trustees Appoints Cheryl Bowers to Position of President and CEO

December 6, 2017

KINGSTON, NY, December 6, 2017
Rondout Savings Bank, a nationally ranked community bank established in 1868, recently announced the promotion of Cheryl Bowers from Chief Operating Officer to the position of President and Chief Executive Officer. Cheryl Bowers will officially take her new position as President
and CEO effective January 1, 2018, following the retirement of James F. Davenport who has held the position for eleven years. Bowers is one of the area’s most valued banking executives and has been with the Rondout Savings Bank since 2001. Her impressive financial services background is comprised of nearly 30 years of banking experience including over 20 years holding leadership positions. “After an extensive interview process, Cheryl’s proven devotion to the communities we serve and the bank’s continued success has resulted in her appointment to  this important position. Her mindfulness and strategic leadership have earned her the highest respect from the Board of Trustees,” explained Frank G. Ostrander, III—Chairman of the Board of Trustees at Rondout Savings Bank. Bowers will be the 150-year old Bank’s first woman President and CEO. She holds a Leadership Certificate from the Wharton Business School and is a high-honors graduate from the American Bankers Association Stonier Graduate School of Banking at the University of Pennsylvania. As an active participant with the New York Bankers Association she serves as an education committee member and speaker at the Annual Women’s Leadership Conference. Bowers is humble about her generous commitment to the community and the countless hours of volunteer time she has given to so many caring organizations. She is Past Board Chair of the Ulster County Chamber of Commerce, and currently serves on the boards of The State University of New York at Ulster
Foundation, The Kingston Boys and Girls Club, the Kingston Lions Club, and Vassar Brothers Medical Center. “It’s an honor and a privilege to accept the position as the 14th president of the Bank that I care so much about. It has a long history of giving back to the communities it serves, a value I will continue to embrace. Our prolonged success is due to our commitment to building relationships based on trust, valued advice, and leading technology for consumers and business owners of all generations. We will continue to listen closer and react quicker than our competition, so our clients get the attention they need and deserve.” said Bowers. She went on to explain that she is fortunate to be leading a
team of talented individuals who together positioned Rondout Savings Bank as one of the nation’s top ranked banks with a Five-Star rating by BauerFinancial Inc. “As we approach our Bank’s 150th anniversary, our team of banking experts are in a unique position to reflect on the importance of having such strong roots in the communities we serve. This intimate knowledge will define our future as a bank that prioritizes people first, while contributing to the region’s economic stability and growth.” Cheryl Bowers, a life-long native of Kingston where she resides
with her husband and two children, welcomes your inquiries and the opportunity to put her expertise to work for you.

Clarissa Kowalczyk

Clarissa Kowalczyk Named Manager of Rondout Savings Bank’s West Hurley Branch

August 14, 2017

Rondout Savings Bank has recently appointed Kingston resident Clarissa Kowalczyk, to the position of Branch Manager of their West Hurley location. She will be responsible for the branch’s daily operations and management, which will include team building and motivation, managing branch growth, and actively contributing to the community.
James F. Davenport, President and CEO of Rondout Savings Bank, was pleased to say “Clarissa brings a sharp focus on getting to know her clients and offer appropriate solutions. Her financial advice will be highly valued by all our West Hurley, Woodstock, Saugerties, Olive, and Shandaken clients and prospects.”
Clarissa has six years of local banking experience having previously worked for Bank of America branches in the area. She came to Rondout in June of 2017 because she was looking for a bank with local roots where she could help contribute to the community she lives in. “I love the idea of a community bank, to really get to know and help our clients in any way I can.”
Originally from Monroe, NY, Clarissa graduated from Pace University with a degree in business and marketing. She is an active board member of Nu Zeta Phi, a sorority recognized for their outstanding philanthropic efforts. Her participation in local annual breast cancer awareness walks and a number of community service events in Ulster county further enhances the exemplary customer service she provides and one that Rondout Savings Bank’s reputation was built on.
Ms. Kowalczyk looks forward to a great future with Rondout Savings Bank as she helps guide customers with their financial goals in a more personal atmosphere.

James F. Davenport

Rondout Savings Bank’s President and CEO, James F. Davenport, Announces Plans to Retire

August 10, 2017

KINGSTON, N.Y., August 10, 2017

Rondout Savings Bank’s President and CEO, James F. Davenport has announced his plans to retire from the bank by the end of this year.  Davenport who joined the bank in 2001 is a lifelong resident of Ulster County and well-respected Bank Executive who places a high value on community and client satisfaction.  He will be joining his wife Nancy in their relocation to Charlotte, North Carolina, where she has been named to an executive level position at Brighthouse Financial.

“Jim has earned the highest respect from the Board of Trustees and the entire banking staff. We are grateful for the significant accomplishments he has made to position Rondout Savings Bank for continued growth. His presence and vision will be missed.”, explained Frank G. Ostrander, III – Chairman of the Board of Trustees at Rondout Savings Bank.

Under Davenport‘s leadership, Rondout Savings Bank’s assets have doubled in size and the number of locations has increased from two branches to five total branch locations; four in Ulster County and one in Dutchess County.  His vision to develop the Bank’s commercial product offering for those business owners seeking more personal attention played a significant role in positioning the bank for further expansion. Recent developments include a new loan production center.

Davenport’s most notable achievement is the Bank’s “Best of Bauer Award of Excellence” rating, an accomplishment only achieved by 4.2% of the banks surveyed nationally.  The 5-Star superior rating indicates that Rondout Savings Bank is one of the strongest in the nation.

With a long history of charitable giving and community involvement, Davenport has conveyed his compassion for people and his devotion to economic growth by getting involved. He actively serves in leadership roles on highly respected boards such as the Community Foundation of the Hudson Valley; The Rip Van Winkle Council Boy Scouts of America; Health Alliance Foundation and the New York Bankers Association to name a few.

Ostrander explained, “Jim has provided valued advice and financial solutions to hundreds of stakeholders, civic leaders and business owners, he exemplifies the spirit and purpose of a community bank.”

“Rondout Savings Bank Trustees have begun the search for a new President and CEO. Jim’s replacement will have strong leadership skills, banking expertise, and a commitment to the success of the bank’s customers and charitable organizations in the communities that we serve”, stated Ostrander.

Alicia Punkosdy

Rondout Savings Bank Appoints Alicia Punkosdy as Assistant Vice President, Business Banking Officer

July 19, 2017

Rondout Savings Bank enhances it’s Hyde Park branch management team with the addition of Alicia Punkosdy as Assistant Vice President, Business Banking Officer. In her new appointment, Ms. Punkosdy will focus on commercial lending.
Alicia brings 26 years of banking experience with her to Rondout Savings Bank, having worked for Wells Fargo and Sterling National Bank to name a few.
“We are thrilled that Alicia, a Hyde Park resident, has joined our Hyde Park branch commercial banking team”, says James F. Davenport, President and CEO of Rondout Savings Bank. “She will primarily cover all of Dutchess County, offering lending and cash management services, and advice, to existing clients and prospects”.
Alicia resides in Hyde Park, where she was born and raised. She graduated from Roosevelt High School and went on to graduate from the State University of New York at New Paltz. When asked what brought her to Rondout, Alicia said “Rondout is a community bank with strong community ties; It brings me back to my Dutchess County Roots.”
In her new role as Assistant Vice President, Business Banking Officer, Alicia is looking forward to expanding commercial relationships and getting to know Dutchess County business owners.
Alicia is involved with several small not-for-profit organizations in the community, is a member of the Dutchess County Regional Chamber of Commerce, Hyde Park Chamber, Rhinebeck Chamber, and formerly a board member of Vassar Warner Home.

Bill Gerlach

Rondout Savings Bank Appoints Bill Gerlach as Assistant Vice President, Business Banking Officer

July 19, 2017

Bill Gerlach joined the Rondout Savings bank team in June 2017 and is based in the Uptown Kingston branch on Schwenk Drive where he serves as the Assistant Vice President, Business Banking Officer.
“Bill’s years of successful Hudson Valley commercial banking experience, covering both lending and cash management, are a strong addition to our veteran and local commercial team.” stated James F. Davenport, President and CEO of Rondout avings Bank .
Bill has 14 years experience in banking in leadership roles, previously with First Niagara and more recently with Kinderhook Bank as a leader in commercial lending. He looks forward to getting to know new clients and to be able to work with former clients. Bill says he is “eager to help Rondout Savings Bank grow and prosper by helping my clients grow and prosper. Working with Rondout gives me the opportunity to get involved with the community through a bank that has strong community values.
Bill, a business graduate of Marist College, lives in Claverack, in Columbia County. He serves as a board member for the Columbia County IDA, the Salvation Army, and Home for the Aged.

Picture of Residential Loan Originator

Stephen Orefice Named Residential Loan Officer for Rondout Savings Bank

July 19, 2017

Resident native of Wappingers Falls, Stephen Orefice joined Rondout Savings Bank in June 2017 as Residential Loan Originator in the Hyde Park branch on Albany Post Road. Prior to coming on board, Stephen was the business development manager for Residential Home Funding Corp. in Lagrangeville.
James F. Davenport, President and CEO of Rondout Savings Bank, commented, “Stephen brings a high energy focus to our residential mortgage lending group and will be available to meet the first and second mortgage needs of Dutchess County.”
Community involvement is very important to Stephen. Not only is he is a member of both the Ulster and Duchess County Regional Chambers, the Lagrange-Sunrise Rotary, and an affiliate member of the Duchess County Association of Realtors, Stephen is also a member of the Hudson Valley Young Professionals and a member chair of the Exchange Club of Southern Duchess County. He volunteers as a Book Buddy with the United Way, at the Children’s Home in Poughkeepsie playing baseball with the kids, and participates with Angels of Light, a Hudson Valley 501c3 that provides holiday giving for children and families with life threatening illness.
When asked what he looks forward to most in his new role with Rondout Savings Bank, Stephen replied he was eager to join an organization with “the same values and roles in the community” as he has.
Stephen was raised in Wappingers Falls, graduated from Roy C. Ketchum High School, attended Dutchess Community College, then graduated from LIU Post where he received a Bachelors of Science with a concentration in Marketing.


Rhinebeck Chamber Good Egg Award

February 21, 2018

This wonderful annual event was to honor a community member for being a “Good Egg” and going above and beyond to help others.  The 2018  winner is Betsy Jacaruso, owner of Betsy Jacaruso Studio & Gallery.  This event also included speeches from the Village Mayor, Town Supervisor and Rhinebeck Central School Board President about the “State of Rhinebeck”.  This event was held on February 21st at the Beekman Arms in Rhinebeck.


Claudio Cares Snowflake Gala

February 9, 2018

On Friday February 9th Rondout Savings Bank sponsored and supported the 5th Annual Claudio Cares Foundation’s Snowflake Gala.  This event took place at Locust grove in Poughkeepsie and featured a live and silent auction with a cocktail and Hors D’oeuvre reception.  The night’s honorees were Shannon and Justin Varuzzo, Erin and Stephen Reverri Jr., Hudson Valley Renegades, and Rose & Kiernan Insurance.


Dutchess Regional Chamber of Commerce Secret Garden Gala

February 3, 2018

Dutchess County Regional Chamber of Commerce had the Secret Garden Gala on February 3rd at the Grandview in Poughkeepsie.  The honorees of the night included Haeley Rios of Marion Salon Spa, Devon Luty & Mark Swenson, Jr. of Dorsey  Metrology, Joe Daily of Q92, Central Hudson Gas & Electric, and Nevill Smythe of Smythe Consulting.  The night was a black tie event that had over 430 attendees!


Ulster County Regional Chamber of Commerce December Breakfast

December 19, 2017

This months Ulster County Chamber Breakfast was sponsored by Rondout Savings Bank and took place on December 19th.  As the breakfast sponsor, Rondout gave gifts to each person that attended the breakfast.  The gifts were a 2018 ASK Calendar as well as a charging cable for mobile devices.  The breakfast was a special one for Rondout because it honored Jim Davenport, Former President & CEO and introduced Cheryl Bowers, President & CEO.  Along with being honored, the holiday breakfast featured Michael Mosher who was the keynote speaker and holiday songs from the Phoenicia Festival of the Voice Youth Chorale.


Cheryl Bowers and kids at dinner table

Boys & Girls Club Steak and Burger Dinner

November 14, 2017

The John G. Stote, Jr. 25th Annual Steak and Burger Dinner was November 14th. The Rondout Savings Bank dinner table was filled with Rondout employees as well as five children that belonged to the Boys and Girls Club who all enjoyed a meal of either a steak or a burger.  The night featured two guest speakers, Keith Simmons and Jimmy Patsos.  Keith is a Kingston High School graduate  who had an  international basketball career before moving to New York City to become a NSCA Certified  Personal Trainer and ACE GroupFitness Instructor.  Jimmy Patsos  also knows a thing or two about basketball being the head coach of Sienna’s basketball team for 14 seasons.


Stephen, Cheryl HeatherSeanne, Stephanie, Heather, Stephen, Jen, Cheryl on the red carpet

Walk the Red Carpet Family of Woodstock

November 9, 2017

On November 9th 2017 employees got to walk like the stars on the red carpet to a film premier with a champagne reception.  This event was hosted by the Family of Woodstock which is a wonderful organization where they work to solve any and all problems that residents bring to them and with an exception of very few, all services are free of charge.


Susie Dallies and Terri Ferris

Go Red for Women 10th Anniversary Luncheon

November 9, 2017

Go Red for Women anniversary luncheon gathered both women and men to raise awareness, educate and fundraise for the American Heart Association.  The event kicked off with a silent auction that featured many  purses stuffed with wonderful gifts.  During the silent auction there was also breakout session all about health, stress, and dieting to make your heart stay healthy.  Lunch was accompanied by a Keynote Speaker Dr. Max Gomez and a panel discussion.


Bill, Stephen, Susie, Ann, Margie, LeslieMargie Rovereto with Award

1st Ulster Partners in Justice Reception for Legal Services of the Hudson Valley

November 9, 2017

Rondout Savings Bank was honored to accept the award, Advocate for Justice by Legal Services of the Hudson Valley.  It was a wonderful event at the Bell Tower in Rosendale. The room was filled as Margie Rovereto, Chief Lending Officer, received the award on behalf of Rondout Savings Bank.  Legal Services provides comprehensive civil legal services to those that cannot afford it when their basic human needs are at stake to over seven counties including both Ulster and dutchess.


Charles Cullen and Board of foundation

Gateway Foundation 60th Anniversary Champagne and Diamonds Gala

November 4, 2017

Rondout Savings Bank was an honoree for the Lifetime Achievement Award at the celebration of the 60th anniversary of the Gateway Community Industries.  Gateway Community Industries helps to assist people in choosing, acquiring and maintaining the skills and supports necessary to achieve success and satisfaction in their lives.


Rondout Savings Bank's employees

Rondout Savings Bank Donates To The Coleman High School Lifesaving Program

October 31, 2017

Rondout Savings Bank donated to the Hudson Valley Region American Heart Association (AHA) where a portion was used for CPR in Schools Training Kits for John A. Coleman Catholic High School in Hurley. The AHA Kit facilitates training in Hands-Only CPR and includes equipment and training materials to train up to 20 students simultaneously.

“These kits will help train students in our Hands-Only CPR technique to help save lives from sudden cardiac arrest. Rondout Savings Bank’s donation ensures that John A. Coleman Catholic High School students will have the tools to make that training a reality for years to come,” said AHA Executive Director Kristin Judd.

The American Heart Association stated that it is able to make an impact across the prevention and treatment of heart disease and stroke spectrum due to the generous support of organizations like Rondout Savings Bank. The association stated when RSB donates to the AHA, it is helping local people live longer, stronger, healthier lives.

“Donations like this one are of particular importance because it will help provide the necessary education that can potentially save hundreds of lives locally and beyond,” stated Cheryl Bowers, Chief Operating Officer at Rondout Savings Bank.
The CPR in Schools Training Kit can make a difference in survivability from cardiac arrest by helping to train the next generation of lifesavers.

Puroclean Group Picture

Ulster Chamber of Commerce Business Recognition Awards Dinner

October 26, 2017

It was a night of celebration at the business recognition awards dinner put on by the Ulster County Chamber of Commerce.  This annual event recognizes Ulster County business leaders, businesses and organizations that have achieved being leaders in their fields and have improved our local economy and quality of life.  Congratulations to all the nights honorees and  special recognition to the Pay it Forward Partners- Small Business of the Year.


Cheryl Bowers Chief Operating Officer walking with friends and family.

R.Y.A.N. – Raising Awareness About Narcotics 5K Fundraiser

October 16, 2017

October 22nd marked the third annual Raising Your Awareness about Narcotics 5k Walk/Run.  This 5k walk/run event not only allows R.Y.A.N. share a family’s story about addiction, but also to support organizations that provide healthy programs for the youth of the community.  These programs include donating to the Boys & Girls clubs of Kingston and Saugerties for drug awareness and prevention programs, provide scholarships to children to attend Kingston Parks and Rec Summer Camp, sponsor a 3 week field trip for Mac Fit Kids Summer Program and more.

Rondout Savings Bank Receives 2017 Corporate Leader Award

September 27, 2017

Ward Todd, President of the Chamber, awarded this year’s plaques to all premier sponsors at the September chamber breakfast meeting.  Jim Davenport, President & CEO, was in attendance to proudly accept the “2017 Corporate leader” plaque.  The plaque now hangs in our Broadway branch.  After Ward Todd the City of Kingston’s Mayor Steve Noble was the guest speaker at September’s Chamber Breakfast Meeting held for a change at the newly renovated Chateau in Kingston. He took this opportunity to share with everyone his administration’s accomplishments, challenging issues and steps to move Kingston forward.  He praised the efforts of his team working with their community and county partners that made Kingston successful in its application for a $10M state grant to revitalize Uptown Kingston!

Employees at day of caring

United Way Day of Caring

September 13, 2017

Rondout Savings Bank once again was a sponsor of this year’s Day of Caring and sent in a team of enthusiastic volunteers to help where needed. Organized by the United Way of Ulster County, the Day of Caring community service opportunity is open to individuals and teams of volunteers. In Ulster County, participants help local non-profit agencies by stocking food pantries, delivering flowers, painting, gardening, doing light repair or small building projects. Volunteers work for 3-4 hours in the morning, followed by a festive picnic at Ulster Park on the banks of the Hudson River. Volunteers get a first-hand look at the services provided by some of the non-profit organizations assisted by the Ulster United Way.

Rondout Savings Bank Employees for going above and beyond

“Going Above & Beyond” Celebration

July 13, 2017

Hyde Park was the place to be on July 13th as we hosted a “Meet the Hyde Park Team” get together at the Hyde Park Brewery.  There were lots of refreshments and hors d’oeuvres available along with plenty of staff members introducing, Branch Manager: Rania Fakhoury, CSR: Corey Gallagher, Teller: Leslie Sheraden, and residential lender Stephen Orefice. Hosting the Going Above and Beyond event allowed Rondout Savings Bank the opportunity to learn more about our community and our customers,  the event was enjoyed by all.


Rondout Savings Bank Team in front of the Hyde Park Branch during fourth of July Parade.

Hyde Park 4th of July Parade

July 4, 2017

The skies were clear but the streets were packed at the 2017 Hyde Park Fourth of July Parade of which Rondout Savings Bank was a major sponsor. This year’s theme was “NYS Police– Celebrating  100 Years of Service.”  A spokesperson said, “It’s an absolute honor that Hyde Park and Senator Sue Serino selected state police on our 100th year anniversary to be the grand marshals.  Our original mission of protecting, preventing crime and apprehending criminals has gone unchanged, though it has expanded.”

Attended by thousands, the event was one of a variety held in the mid-Hudson Valley to celebrate the Fourth of July. Spectators lined Route 9 and cheered as parade participants — dozens of organizations,  businesses, and officials, from local veterans groups to fire departments and law enforcement, to sports teams, and even a juggling club passed by.  Once again, a special thanks to the many employees and their family members who marched in the parade and were there to hand out chips & clips, blow up balloons, and most importantly make this event a success for the 4th year in a row!


Priscilla Hurd, Cheryl James, Jennifer Fabiano, and Jodi Reyes

Michael B. Finnegan Golf Classic

June 9, 2017

Rondout Savings Bank was a sponsor  at the 36th annual Michael B. Finnegan Golf Classic held at Wiltwyck Golf Club; all proceeds benefit cancer services through the HealthAlliance Foundation.  Once again there was a full field of 30 teams — 120 golfers — who enjoyed 18 holes of golf followed by lunch, a cocktail hour, dinner and a charitable auction.  There were plenty of RSB volunteers on hand who enjoyed a beautiful day in the sun, while helping out where needed. The tournament is held in memory of Michael Finnegan, who was a standout junior golfer at Wiltwyck Golf Club.  As a senior in high school, he captured the Ulster County Men’s Amateur Golf Championship (the “Herdegen”) in 1982, breaking legendary golfer Leon Randall’s eight-year reign as Herdegen Champ.   At the time, Finnegan was the youngest man to win the title. Tragically, he was a victim of the 9/11 terrorist attacks in 2001.


Students receiving award and check for winning the New Paltz Business Plan Competition.

SUNY New Paltz School of Business Plan Competition

May 3, 2017

SUNY New Paltz recently held their Business Plan Contest where students who are seniors work in teams to research, develop, and present quality business plans that are feasible, profitable, and novel – sort of like a college version of “Shark Tank”.  A member of team Rondout was one of four on the panel who judged the presentations. This picture shows the first place winners who proudly walked away with $2,400!

HealthAlliance Foundation’s 28th Annual Tulip Ball

April 29, 2017

The Tulip Ball is the foundation’s annual fundraising gala. Proceeds from the event, which was held at the Lazy Swan Golf and Country Club Village in Saugerties, will benefit the programs, facilities and services of HealthAlliance of the Hudson Valley.  This past April 29th, attendees gathered together to celebrate the accomplishments of several wonderful members of our community. This year’s honorees are Frank and Beverly Finnegan; the Lifetime Achievement Award was presented to Sandra A. Horan, while the Phoenicia International Festival of the Voice received the Community Service Award.  Rondout  Savings Bank was one of the event’s Silver Sponsors and those who attended enjoyed a cocktail hour followed by the awards program, dinner, dancing to the music of “Rendition”, a raffle, silent auction and fireworks.

“We are so pleased to recognize tonight’s award recipients for their contributions to the hospital and the community,” said HealthAlliance Foundation Executive Director Steffen T. Kraehmer. “Each has shown extraordinary dedication to the people of Ulster County and we look forward to honoring their accomplishments at the Tulip Ball.”


Margie Rovereto, Steohanie Earl, Jodi Reyes, Liz Hunlock

Rondout Savings Bank Realtor Spring Kickoff

April 27, 2017

On April 27th, the Rondout Savings Bank Mortgage Team  invited accountants, realtors, lawyers, appraisers, etc. to meet at a wonderful venue,  Frank Guido’s Little Italy, as a kick off to the 2017 home buying season. It was a great opportunity to meet with Margie Rovereto, Chief Lending Officer and to find out what a welcome addition she is to the lending department and to spread the exciting news about our new uptown loan office as it quickly nears completion. Many great connections were made and it gave our team the opportunity to show how they can make the mortgage process easy for everyone!


Rondout Savings Bank's employees, families, and Friends at the American Heart Association's Heart Walk.

The American Heart Association Heart Walk

March 25, 2017

Despite the cold temperatures, more than 1,000 walkers showed at the Dutchess Heart Walk at Marist College and over 400 people were at the Ulster Heart Walk held the following weekend at the SUNY New Paltz campus, including close to 50 RSB employees. Madison Dallies, age 8 (daughter of Susie & Ernie Dallies) and Matthew Burchell, age 9, (son of Karen & Jeff Burchell) both born with congenital heart defects, were this year’s honored guests and a huge presence at both events. The money collected from the walks fund research into life-saving treatments. These two walks are the American Heart Association’s (our 2017 Charity of Choice) largest annual fundraiser.
Thank you to everyone who helped support these vital events and made them another incredible “America’s Greatest Heart Run & Walks!”Out of all the people who attended these two fundraisers to support the AHA HEARTWALKs and our heroes Madison & Matthew, more than HALF of the employees from RSB were there…way to go, “Team Rondout!”

Community Involvement

Money is important, but we’ve also noticed that the idea of giving back encourages others to give, too, sometimes in terms of time and enthusiasm.

Many of us at the bank are also involved in the community in our spare time. We serve as volunteers as well as board members. Some of the organizations we volunteer our time for include:

  • American Cancer Society
  • Arts Society of Kingston
  • Bardavon / UPAC
  • Benedictine Health Foundation
  • Boys & Girls Club of Kingston
  • Boy Scouts of America – Rip Van Winkle Council
  • Center for Spectrum Services
  • Gateway Foundation
  • Hudson Valley Senior Residence
  • Jewish Federation of Ulster County
  • Kingston Hospital Foundation
  • Kiwanis Club of Kingston
  • Lions Club of Kingston
  • Mental Health Association
  • Rotary Club of Kingston
  • Ulster County Community Action
  • Ulster County Development Corporation
  • Ulster County Girl Scouts
  • Ulster County Regional Chamber of Commerce
  • United Way of Ulster County, and more!
  • YMCA of Kingston & Ulster County
  • Hope’s Fund
  • Roosevelt- Vanderbilt Historical Association
  • Hyde Park Chamber of Commerce
  • Dutchess County Chamber of Commerce
  • Community Foundation of Hudson Valley

Charitable Contributions

Our Board of Trustees, staff and their families live here and share neighborhoods, schools, houses of worship and charities with you and your families.

All decisions are made locally with local interests in mind by what we believe are the best in the business. Rondout Savings Bank is committed to our friends and neighbors. We work every day to earn the business of individuals and organizations in our community, in turn, we return a significant portion of our profits back in to the community.

Thinking in banking terms, we decided to call it our “Dividend to the Community Program.” Each and every year we donate 10% of our earnings to hundreds of area non-profit organizations for a wide range of worthy purposes.

Grant Application

If you’re the member of a local organization with a worthwhile program or project, you can apply for a grant right here and now.

Here are some links to our community organizations:


Rondout Savings Bank Scholarships

Rondout Savings Bank, located in Kingston, sponsors an annual scholarship to be awarded to Business majors enrolled as freshmen or returning to Ulster County Community College. A special application is available for interested candidates and the scholarship recipient is chosen by Rondout Savings Bank.