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Pioneer Bank history
Pioneer Bank company history timeline
In 1913, they formalized their practice of helping neighbors by establishing a bank in the prairie town of Buffalo.
1914: Pioneer expands hours of operation from one evening a week to Monday and Tuesday evenings.
Pioneer purchased the building from the Niagara Mohawk Power Corporation; a building originally constructed in 1914 for the Troy Gas Company.
1915: After 27 years of leasing business space, Pioneer purchased its own building at 30 Second Street from R.P.I. for $11,000.00.
This institution prospered and expanded and as the years passed it became evident that, in addition to the normal banking services of the day, there was a need for local trust services. Therefore, A.N. Bush, son of Asahel Bush, formed a separate trust institution which was incorporated May 13, 1924 under the name Ladd and Bush Trust Company.
Founded in 1930 by the Board of Directors, the express purpose of the Salem Foundation is to accept and distribute gifts from individuals, families and businesses for the benefit of Salem and its citizens.
In 1937, the brothers expanded and founded the Bank of Belle Fourche.
1950: Pioneer moved their Main Office a few doors down to 21 Second Street.
The founder A.N. Bush served as president until his death in 1953.
1958: Pioneer opened a second office in Latham on June 2nd, 1958.
H.V. Compton in turn was followed by K.E. Wenger in 1961.
1972: Conversion from a savings and loan association to a savings bank.
1973: Rotterdam office opened.
The Salem Medical Center Branch was opened at 12th and Oak Streets in 1975.
1976: Installation of first online computer terminals, linking the bank to an off-site shared service center.
1976: Pioneer introduced to its customers the precursor of today's checking and NOW accounts - the Payment Order Account.
1987: Introduction of the home equity loan.
In 1991 Meier also assumed the Chief Executive Officer position.
1995: First ATM was installed in our Watervliet office.
1996: Clifton Park West and Malta offices opened
1997: PSB Financial Services Inc. was formed.
William Meier was named Chairman of the Board in 1998.
On April 18, 2000, a name change to Pioneer Bank was adopted in order to reflect the full range of banking services offered to Pioneer’s communities.
The first loan was actually made one week after the Association was opened, for $2000.00 to a man named Knauffman, at 5% interest with a 3¢ premium per share.
2001: Glenmont office opened.
2002: Waterford office opened.
2004: East Greenbush office and Green Island office opened.
2007: Guilderland office opened.
2010: Delmar office opened despite the country enduring a recession.
2015: Glenmont office was updated to include a modern layout, conference room, and The Shops.
On October 16, 2017, The Independent Community Bankers of America announced that Christopher was the Western region winner of the association’s 2017 Community Banker of the Year award.
2017: Keeping busy, Pioneer opened offices in Cohoes and Queensbury, remodeled the Watervliet office, and relocated the East Greenbush office to Greenbush Commons.
In 2017 John Willburn was elected President of Banking Services.
2019: In addition to remodeling our Malta office, Pioneer also acquires Ward Financial Management, doubling the amount of brokerage and advisory assets the advisors of Pioneer Wealth Management serve collectively through LPL Financial.
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Pioneer Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Virginia Commerce Bank | - | $150.4M | 330 | - |
| DNB First | 1860 | $51.4M | 156 | - |
| Bank of Marin | 1989 | $118.5M | 328 | 31 |
| The Harbor Bank of Maryland | 1982 | - | 47 | 10 |
| Patriot Bank | 1999 | $36.8M | 115 | 12 |
| INB | 1999 | $22.5M | 2,254 | 31 |
| Government Capital | 1992 | $7.8M | 20 | - |
| First Federal Cullman | - | - | 21 | - |
| HENRY COUNTY BANCSHARES INC | - | $35.0M | 139 | - |
| Metro Bank | 1989 | $514.7M | 2,831 | - |
Pioneer Bank history FAQs
Zippia gives an in-depth look into the details of Pioneer Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Pioneer Bank. The employee data is based on information from people who have self-reported their past or current employments at Pioneer Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Pioneer Bank. The data presented on this page does not represent the view of Pioneer Bank and its employees or that of Zippia.
Pioneer Bank may also be known as or be related to PIONEER BANKSHARES INC VA, Pioneer Bank, Pioneer Bank Virginia, Pioneer Bankshares, Inc. and Pioneer Financial Services LLC.