End of Year Loan Specials!

Sawyer Savings Bank offers Simplified Lending Solutions to Help You Grow Your Business.

At Sawyer Savings Bank, we understand the challenges that bringing your business through to year-end can bring, and we are here to help with those last-minute financing needs.

Our end-of-the year special rates on low-dollar installment loans can help ease some of that stress. Whether you need to purchase a piece of equipment for your drilling company, or install new solar panels to become more eco-friendly, with rates as low as *6.75%, we can help set your business up for 2023.

  • Maximum loan term of 120 months
  • Maximum loan amount up to $150,000
  • Promotional offer applies to short term capital investments
  • Up to 100% financing
  • Lending decisions made locally

With an experienced lender and decisions made right here in the Hudson Valley, we’re committed to helping your business finance opportunities and respond to challenges. The right loan can be an essential tool. Special fixed rates are now available for up to 10 years on select loans and together we can create the right solution for your unique needs.

If you or have any clients that may benefit from this offering or if you have any questions, please do not hesitate to reach out to me. The process itself is simple.

Remember to act soon, as you may be able to take advantage of end of year tax filings!

Ready to get started?

I can help you learn about our wide range of merchant and lending options that can help you achieve your goals, and how partnering with Sawyer Savings Bank can benefit you and your business.

**This is a promotional rate and may be changed or discontinued at any time at the discretion of Sawyer Savings Bank. Promotion effective as of November 16, 2022 and ends on December 31, 2022. All loans subject to credit approval. For applications between $2,500 and $150,000. All products and services are subject to eligibility, credit approval and other conditions. Restrictions may apply

Nicole Lowrey Promoted to Lending Supervisor at Sawyer Savings Bank

Nicole Lowrey
Nicole Lowrey

Sawyer Savings Bank is pleased to announce the promotion of Nicole Lowrey to Lending Supervisor. Lowrey will be responsible for supervising staff and overseeing daily operations for residential loan origination and loan servicing through all Sawyer’s delivery channels.

Beginning her banking career with Sawyer Savings in 2013 as a teller in the Saugerties branch, Nicole held multiple positions, most recently as Loan Servicing Specialist with our lending department.

“As our lending department continues to grow, Nicole will provide the knowledge-based leadership our staff needs to meet demands,” said James Whitaker, President. “She has taken on nearly every role in lending and her experience will provide a deep understanding of staff and customer needs.”

“I am very excited to take on this new role within Sawyer Savings Bank. I find joy in knowing that our work makes an impact right here in our community where I raise my family. I enjoy being part of the journey that helps a family put down roots with a new home.”, says Lowrey.

Mrs. Lowrey is a very involved member of the community while raising her two children Cierra (10) and Bradley (7). She currently sits on the board of the Saugerties Outlaw Youth Football league and is an active volunteer in her daughter’s Girl Scout troop and her local volunteer fire department.

Effective January 6th, 2022 – Temporary Lobby Closures

Due to the upsurge in COVID cases in the communities we serve, we have decided to temporarily close our bank lobbies out of an abundance of caution.

In an effort to keep our customers and employees safe during this time of rising COVID cases, effective Thursday, January 6th, 2022 our Saugerties, Marlboro and Highland branch lobbies will be CLOSED temporarily. Our Drive-Up windows ARE AVAILABLE. We are sorry for this inconvenience and greatly appreciate your patience during this time.

We regret any inconvenience this may cause for our customers who prefer to do their banking in our lobbies. You may still arrange for in-lobby appointments for business that can’t be conducted at our drive-ups or ATMs. Just call your branch manager to schedule an in-person appointment.

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As always, remember that we have various electronic means of banking available to you. These means include: Online Banking, Mobile Banking with Remote Deposit with our Apps for personal or business, Zelle, Debit Cards and ATMs.

Please check back as we continue to update our customers regularly, via this news post and on our social media accounts.

Proud Banking Partner for Central Hudson’s Back to Business Funding Program

we're open sign

Central Hudson LogoSawyer Savings is pleased to be a community banking partner for Central Hudson’s Back to Business funding program. Central Hudson is committing up to $1 million in economic development support to provide local small businesses with grants to help pay down new working capital loans taken with participating local banks, like Sawyer Savings. This program is intended to assist small businesses in continuing operations or reopening when the economy is restarted.

Click here to read the official press release.

Click Here for the CH Grant Application (PDF)

Click Here for the SSB Loan Application (PDF)

Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Gabriel F. Sottile HeadshotJames P. WhitakerCynthia Saporito

Sawyer Savings Bank, in business since 1871, is proud to share news of the following changes to Senior Management and to the Board of Trustees as of January 1, 2019.

Gabriel F. Sottile has stepped down as President of Sawyer Savings and remains Chief Executive Officer (CEO) and Chairman of the Board. Mr. Sottile’s 40-year tenure has included posts from Auditor to AVP, VP, EVP, President and Trustee, as well as his current positions.

Mr. Sottile is and has been an active member of the Hudson Valley Community, serving as Chairman of the Board for Benedictine Hospital and continuing as Trustee and Chair of the Finance Committee for Ulster County Community College.

James P. Whitaker has been appointed Executive Vice President (EVP) and Chief Information Security Officer (CISO) of Sawyer Savings. He has held positions with the bank in customer service, underwriting for commercial loans, IT and more for over 18 years. He has an Associates’ Degree from UCCC.

Mr. Whitaker is a lifelong resident of Saugerties and graduated from Saugerties High School. He is a member of both the Sons of the American Legion and the Kiwanis Club where he serves on numerous committees.

Cynthia Saporito, currently Senior Vice President (SVP) and Chief Operating Officer (COO), has been elected to the Sawyer Savings Board of Trustees. Over the past 33 years, she has held positions as an Internal Auditor, AVP Lending, VP of Operations, CRA and Compliance Officer prior to her becoming SVP and COO in 2005. She is a graduate of SUNY Ulster and Marist College with a BS in Business.

Ms. Saporito is a resident of Saugerties who serves on the Board of the Saugerties Public Library and is a member of the Kiwanis Club. She was also on the Board of the Kingston Boys & Girls Club for over 10 years.

DON’T GET SCAMMED!

You may have heard about people who are “hired” to be “mystery (or) secret shoppers”.  The shopper receives a check with instructions to deposit it in a personal bank account, withdraw the amount in cash, and wire (or send) it to a third party. The scam is that the check is a fake…It may seem that the check has cleared and that the money has posted to the account, but when the check turns out to be a fake, the person who deposited the check and wired the money will be responsible for paying back the bank. It is never a good idea to deposit a check from someone you don’t know.

TIPS to keep yourself safe:

1) Scammers like using names of well-known companies to gain your trust, so do your research;

2) You do not have to pay to get into the “mystery shopper” business;

3) NEVER deposit a check from someone you do not know;

4) NEVER give personal financial information online.

Click here to learn more

SAWYER INTRODUCES CARDVALET!

Sawyer Savings Bank is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.

CardValet is free, no obligation service that is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.

Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.

CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. So, by using the GPS system in their smart phone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits.

CardValet is also ideal for small businesses. All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for types of merchants deemed not business related.

For more information regarding this free service that is available to you through Sawyer Savings Bank please call 1-888-772-1871 and ask to speak to a customer service representative.

SANTA CLAUS IS COMING TO SAUGERTIES

Join us once again as we welcome the jolliest elf around. On Friday, December, 16, 2016 between 3:30- 5:30 pm Santa will be in our Saugerties Branch. All children will receive a free photo and gift from Santa.

Santa Claus is coming to Sawyer Savings Bank Graphic