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January 24, 2014

Bank to clear space for Oneonta branch


The branch will be a one-story, 2,664 square-foot building and will have drive-through access to an automated teller machine, plus two drive-through lanes, according to the plans. The branch will have 14 parking spaces, plus one handicapped accessible space, an increase from 12 spaces previously.

Bank of Cooperstown specializes in services for small and mid-sized businesses, professional practices, agri-businesses, farms and wineries in addition to residential mortgage and retail lending, a media release said.

“Since our formation in 2007, we’ve been able to generate consistent growth in the Cooperstown-Oneonta market,” Mike Briggs, president and chief executive officer of USNY Bank, parent of Bank of Cooperstown, said in the release. The application for the Oneonta branch has been approved by the state Department of Financial Services and the Federal Deposit Insurance Corp., he said.

“We view this proposed new branch as a natural extension of our market area and a great way to better serve our existing bank customers,” Briggs said.

Bauer Financial, an independent firm that rates banks and credit unions, has awarded USNY Bank a superior “Five-Star” ranking for financial soundness, Briggs said, and SNL Financial in the past three years has ranked the bank among the 100 top-performing banks in the country with assets less than $500 million in assets.

USNY Bank is an SBA Preferred Lender and FSA Certified Lender, and White said that Bank of Cooperstown uses those programs.




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