Robert Clark Takes the Helm as Adirondack Bank’s Executive Chairman
In a testament to their commitment to remaining local and serving the needs of the community, Adirondack Bank has announced a change in leadership. H.T. “Tom” Clark, Jr., the Chairman of the Board, who has led the bank’s remarkable growth over the years, will pass the torch to his son, Robert Clark. This transition marks a new chapter for Adirondack Bank, as it continues to prioritize local banking and expand its services in the Mohawk Valley, Adirondack North Country, and Central New York regions.
From Humble Beginnings to a Billion-Dollar Institution:
Under the guidance of Tom Clark, Adirondack Bank has experienced remarkable growth since its inception. In 1990, the bank had just two branch locations and $29 million in assets. Today, it boasts 20 offices and approximately $1 billion in total assets. This impressive expansion has positioned Adirondack Bank as a prominent player in the local banking industry, with a strong emphasis on meeting the needs of residents and businesses in the communities it serves.
Continuing the Tradition:
Effective January 1, 2024, Robert Clark, currently the Vice Chairman of Adirondack Bank, will assume the role of Executive Chairman of the Board. As a member of the Clark family, Robert has been immersed in the bank’s operations and values from an early age. His appointment ensures a seamless transition and a continuation of the bank’s mission to remain local and community-focused.
A Legacy of Local Banking:
Tom Clark’s new position as Chairman Emeritus signifies the respect and admiration he has garnered throughout his tenure. While stepping back from day-to-day operations, he will continue to serve as a director on the board and provide valuable insights as a consultant to the bank. Rocco Arcuri, Sr., will retain his position as President and CEO, ensuring stability and continuity in the bank’s leadership team.
Meeting Local Needs:
Adirondack Bank’s commitment to local banking goes beyond just a change in leadership. The bank offers a comprehensive range of services, including mortgages, loans, checking accounts, savings accounts, investment deposit accounts, lines of credit, and more. By focusing on the unique needs of the communities it serves, Adirondack Bank has established itself as a trusted financial partner for individuals and businesses alike.
Looking Ahead:
With Robert Clark at the helm, Adirondack Bank is poised for continued growth and success. The bank’s emphasis on remaining local and its dedication to meeting the evolving needs of the community will remain unchanged. As Adirondack Bank expands its presence and services, it will continue to prioritize the values that have made it a trusted institution in the region.
Conclusion:
The transition of leadership at Adirondack Bank from Tom Clark to Robert Clark marks a significant milestone in the bank’s history. As the bank continues to grow and expand, its unwavering commitment to remaining local and serving the community remains at the forefront. Adirondack Bank’s legacy of progress and its focus on meeting the needs of local residents and businesses ensure that it will continue to be a trusted partner in the region’s financial landscape.
