March 3, 2021
Karen joined Rondout Savings Bank in 2001 as one of three founding members of the Business Banking Department. A lifelong resident of Ulster County, she has a deep understanding of the local community and its surroundings, which enables her to provide trusted guidance to our clients. “Throughout the years, Karen has held various leadership positions and has helped drive the overwhelming success of growing our commercial loans while making sound loan decisions. Karen is a vital member to our team, and her promotion to Senior Vice President, Director of Commercial Credit is well deserved,” states Cheryl Bowers, President and CEO.
Karen values community service and volunteerism. She sits on the Board of Directors of the Mental Health Association of Ulster County, Inc. and serves on its finance committee. Karen is an active volunteer for the American Heart Association’s Ulster/Dutchess division, Kingston Catholic School, as well as a past Trustee at the Rosendale
Karen holds a Bachelor’s Degree from Union College and is a member of the American Bankers Association’s Stonier Graduate School of Banking 2021 graduating class. She resides in the hamlet of Rosendale with her husband and son.
March 3, 2021
Rondout Savings Bank has purchased the Spectrum building at 142 Schwenk Drive, Kingston, NY for the purpose of expanding the Uptown campus that will include the adjoining bank branch at 130 Schwenk Drive, Kingston, NY according to bank officials.
The bank closed on the property, a privately-owned building belonging to the Whitman family for 40 years, on March 3, 2021.
“We are growing in different departments as a bank, and we feel the growth in Kingston,” said Cheryl Bowers, Rondout’s President and Chief Executive Officer. “When we saw the opportunity for a complete campus in Uptown, we seized it and quickly went ahead with the transaction.”
Bowers said while the new space could be used as a future operations or lending center, the bank intends to brainstorm with a local architect to map out the best use of the space.
Some renovations are planned, particularly updating the Spectrum building facade, and bank leaders also expect to renovate the adjoining branch, so the two buildings complement each other. Bowers expects the work to be complete within a year.
“It’s imminent, but we are going to do it right and make the best use of that space. The Schwenk Drive branch is probably our busiest location,” she said. “We are blessed with so many businesses that bank with us in Uptown.”
Tom Collins of SVN Deegan-Collins Commercial Realty said Spectrum vacated the property on Feb. 1 but gave notice in November that it was moving to the town of Ulster. The property went on the market in late December.
Collins said the 4,200-square-foot facility had been renovated a few times since Time Warner Cable, which later became Spectrum, began leasing the building 11 years ago. He said the interior is largely office space with a central lobby that is “almost set up like a bank.”
“It was probably built in the late ‘60s and had many uses over the years,” Collins said. “Frankly, I’m not sure what it was originally built for, but at one time, it was an insurance company and later, a restaurant.”
Bowers said the acquisition of the building is a demonstration of Rondout’s long-term commitment to the local market.
“We have planted our flag here forever. I could not be prouder at how the area is growing, and we are growing with it. Kingston is vibrant, so this will strategically prepare us as we continue to grow along with our community,” she said.
The 153-year-old Rondout Savings Bank, with more than $383 million in total assets, has five branches in locations such as Kingston, West Hurley and Hyde Park and operates divisions in asset management, personal banking, and business banking.
Rondout is consistently recognized by BauerFinancial with the 5-star Superior Quality Rating awarded to only 10 percent of financial institutions in the nation, distinguishing it as one of the strongest banking institutions in the United States.
February 1, 2021
With more than 30 years’ experience in the retail banking industry Jennifer brings a wealth of knowledge to her Branch Manager position at Rondout Savings Bank. Jennifer strives to have each client leave her office feeling better about their financial health.
Jennifer was born and raised in the Hudson Valley and she currently resides in Ulster County with her two children. She works with several community organizations to help make our community a great place to live. One organization that she is passionate about is People’s Place, every year she volunteers to help with the Thanksgiving meal giveaway.
“We’re very excited to have Jennifer join the Rondout Savings Bank Team as she not only brings years of customer service and leadership experience, but a passion for serving the local community as well” States Susie Dallies SVP, Chief Operating Officer of Rondout Savings Bank.
Jennifer Sickler, Ulster Branch Manager
1296 Ulster Avenue Kingston, NY 12401
January 19, 2021https://video.foxbusiness.com/v/6224238892001#sp=show-clips
Cheryl Bowers joins Liz Claman on Fox Business News about how we are working with Pursuit to get our local shops and community thriving again.
November 23, 2020
Matthew was born and raised in the Hudson Valley, growing up in New Paltz he gained a passion for working with and supporting local businesses in the community. Rondout Savings Bank being a local community bank shares those same values and he is proud to be a member of this team.
Throughout Matthew’s journey in banking he has held roles in customer service, management and financial advising. He has always prided himself on listening to customers’ needs and delivering a solution that helps them achieve their goals.
Whether it be making home improvements, refinancing your current mortgage, purchasing an investment property, or building your dream home; Rondout Savings Bank offers the right solution to meet your needs.
Matthew graduated from The College at Brockport, State University of New York in 2006 with a Bachelor’s Degree in Business with a concentration in Marketing. He is thrilled to be part of the Rondout Savings Bank team and looks forward to helping you accomplish your homeownership aspirations.
Matthew Treglia, Residential Loan Originator
300 Broadway Kingston, NY 12401
August 29, 2020
During the month of August we had our Summer Gift Card Extravaganza! Anybody could enter to win 11 $50 gift cards to popular restaurants! Our winner was Lori LeBeouf! She was very excited to enjoy all the local eateries in both Ulster and Dutchess Counties.
September 22, 2020
Rondout Savings Bank has won the prestigious Banking Choice Award for the Hudson Valley region in the Community Commitment category! We are dedicated to supporting and enriching our communities. We contribute thousands of dollars each year to local non profit organizations through our “Dividends to the Community” program. Through this program, the bank commits 10% of our annual earnings each year back to the communities we serve. We are proud to support our communities to help them remain great places to work, live and raise a family. We are very honored to win this award and will continue our commitment to supporting our communities.
September 6, 2020
Every day we are lucky to be surrounded by individuals who exhibit strong work ethics and cultivate a culture of excellence at Rondout Savings Bank; they’re the people who just make jobs easier.
Two times a year we seek out nominations to recognize those very special people and award them with the prestigious “Dare to Soar” Award. This award is exceptionally distinctive because all nominations come from their co-workers. There’s something wonderful in giving and receiving public peer recognition for the personal attributes and qualities that make these individuals invaluable members of our organization.
Congratulations on winning our 2020 Dare to Soar award Jodi Urban!
May 30, 2020
In response to the economic challenges small businesses are currently facing, Central Hudson Gas and Electric Corp. has launched their Back to Business funding program. The one million dollar funding program will provide qualifying, local small businesses with grant funds to help pay down new working capital loans financed through Rondout Savings Bank and select participating local banks.
Rondout Savings Bank is honored to participate in Central Hudson’s Back to Business funding program. “Our local businesses have endured financial hardships over the last couple of months due to COVID-19 and we are here to help them in their continued operation or as they begin to reopen”, explained Cheryl Bowers, President and CEO of the local community bank.
Rondout is committed to ensuring that funding is made available to appropriate businesses as applications are received. Rondout Savings Bank has branch offices in Ulster and Dutchess Counties. To learn more please contact Steve Sickler at email@example.com or Evan Rothfuss at firstname.lastname@example.org or call 845- 331-0073.
June 10, 2020
Don’t let re-opening your business in a safe way stress you out. Many businesses in the Hudson Valley have or are about to reopen under one of the four phases. When it’s your turn, you’ll want to be prepared and in compliance.
Cheryl Bowers, President and CEO of Rondout Savings Bank and Lisa Berger the Director of the Ulster County Department of Economic Development will be co-hosting this important seminar to help business owners make the reopening process an easier one. This 45 minute webinar will help you understand the NYS Guidelines for opening your business safely and in compliance. The NYS guidelines state that every business must develop a health and safety plan to protect employees and consumers, make the physical workspace safer, and implement processes that lower risk of infection.
These requirements apply to all businesses, including essential businesses that remained open during the shutdown. Join us on June 19 at 10:00 am, You’ll receive important information and an opportunity to ask questions addressing your specific industry. Plus, learn how your business can include provisions to meet American Disabilities Act guidelines. Click here to register.