SARATOGA NATIONAL BANK NEWS

• February 13, 2008 - “In the aftermath of the devastating fire earlier this week in the Village of Corinth, we are committing up to $5 million in funding for Village redevelopment”, according to Saratoga National Bank Chairman, President and CEO Raymond O’Conor. “We will be offering loans to qualified borrowers at reduced rates with flexible terms, in order to help one of our most valued communities recover and prosper.”
   In the coming weeks O’Conor plans to meet with Mayor Bradley Winslow, village officials and with local and regional economic development professionals to help develop a plan for the future of the Village’s downtown. Saratoga National Bank acquired its banking office in Corinth from HSBC three years ago. “We made that acquisition because we believe in the future of this community,” according to O’Conor.

• November 29, 2007 - Saratoga National Bank and Trust Company's Jones Road Office has announced that now through January 4, the staff will hold a food and coat drive at it's branch in the Stewart's Plaza at Jones Road and Route 50 in Wilton.
   The food drive will benefit the Saratoga County Economic Opportunity Council's food pantry. The coat drive will benefit the Franklin Community Center in Saratoga Springs. Cudney's Dry Cleaners has graciously agreed to clean all coats donated at the bank.
   Those wishing to help their neighbors during this time of need are asked to bring canned goods, dry box goods and nonperishable food items, as well as coats and outerwear in good condition (all sizes are welcome) to the Saratoga National Bank Office at Jones Road and Route 50 in Wilton during normal banking hours.
   For further information or any questions, please contact Carole Schiraldi, Branch Manager at 587-8484.

• October 22, 2007 - Saratoga National Bank & Trust Company announced it is participating in the Independent Community Bankers of America's (ICBA) National Community Bank Mortgage Week, Nov. 5-9. Nationwide, local community banks will review the mortgage documents of current homeowners, as well as discuss financing options with first-time homebuyers who see an opportunity to own their own home.
   “We’re inviting local homeowners and first time homebuyers to come to Saratoga National Bank, to let us review their loan documents and discuss financing options,” said Raymond O’Conor, President, CEO and Chairman. “Anyone who would like to take advantage of this can just call us and we’ll set up an appointment to speak with one of our mortgage officers.”
   “There is a lot of confusion about mortgages and home buying right now,” said O’Conor. Mortgage holders can visit Saratoga National for a review of their mortgage documents. Community banks want to help the borrower understand what type of mortgage loan they have. Community banks are placing a special focus on reaching out to borrowers who have mortgages with terms they don’t understand and wish to have it reviewed by a loan officer they can trust.
   “Community banks are well run, highly capitalized and highly regulated institutions that are not generally experiencing the credit and funding problems we’re hearing about these days,” said O’Conor. “We’re encouraging people to come talk to common sense lenders who follow sound underwriting guidelines and will help borrowers find a mortgage that is right for them.”
   Business partners who have joined Community Bank Mortgage Week include Fannie Mae, the Federal Home Loan Banks, Freddie Mac, as well as national non-profit partners NeighborWorks® America and the Homeownership Preservation Foundation.

• May 30, 2007 - Philip R. Stephenson, who has served as Chairman of the Board of Directors at Saratoga National Bank for the past nineteen years has retired. Raymond O’Conor, the President and CEO of the bank, has been chosen to succeed him in the Chairman’s role.
   "Saratoga National Bank has been very fortunate to have had Phil Stephenson to lead our board of directors for the past nineteen years. Individuals with his level of experience and integrity are hard to find”, O’Conor said. Stephenson’s banking career has spanned nearly fifty years.
   O’Conor came to the bank as a financial services officer in 1988. During his tenure at Saratoga National he has been involved in both consumer and business lending as well as having served as a trust and investment officer. He was promoted to the positions of President and CEO in 1996. He is the president-elect of the Independent Banker’s Association of New York State.

• March 26, 2007 - On April 2nd, officials representing the Town of Wilton, the business community and the Bank will be on hand to cut the ribbon to open the Bank’s newest branch and Financial Services Center located in the Stewart’s Plaza at the corner of Ballard and Traver Roads near Exit 16 in Wilton.
   Raymond O’Conor, President and C.E.O. indicated, “We’re delighted to have another office to serve the banking, investment and insurance needs of the consumers and businesses in the Wilton area. We believe our new branch is in a great location and it should prove to be very convenient.”
    The Ballard Road Office is a full service office providing lobby and drive-in service, as well as a drive-up ATM. Lobby hours are Monday – Wednesday 8:30 a.m. to 4:00 p.m., Thursday and Friday 8:30 a.m. to 6:00 p.m. Drive-In hours are Monday - Wednesday 8:00 a.m. – 4:00 p.m., Thursday and Friday 8:00 a.m. – 6:00 p.m. Free gifts and refreshments will be available to anyone stopping by the new Ballard Road Office.