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Ulster Savings Bank history
Ulster Savings Bank company history timeline
On April 12, 1851, the Ulster County Savings Institution was chartered by the New York State legislature and became the first savings bank in Ulster County, New York.
The bank was founded on April 13, 1851.
On June 19, 1851, Severyn Bruyn, Ulster Saving Bank’s very first customer, made a $120 deposit.
Archibald Russell (father of Archibald D. Russell) was the first president of the bank; he served until 1870.
In 1892, John B. Alliger was named treasurer of the bank.
By 1916, the bank had $5.135 million in deposits.
In September 2011, Lisa Marie Cathie was named president and chief executive officer of the bank, succeeding Marjorie Rovereto.
In 2015, Glenn B. Sutherland replaced Lisa Marie Cathie as president and chief executive officer.
In January 2016, the bank opened a branch in Newburgh, New York.
In June 2016, William C. Calderara was named president and chief executive officer of the bank.
In November 2016, a lawsuit alleged that the bank discriminated against African-American borrowers by offering them less favorable loan terms than white borrowers, in violation of the Fair Housing Act.
In 2022, there are approximately 494 remaining mutual savings banks in the country.
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Ulster Savings Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| First Commonwealth Bank | 1880 | $400.6M | 51,800 | 66 |
| Wilmington Trust | 1985 | $1.1B | 2,672 | 42 |
| Federal Reserve Bank of Minneapolis | 1914 | $894.0M | 942 | - |
| Putnam Investments | 1937 | $350.0M | 1,701 | - |
| Federal Reserve Bank of Boston | 1914 | $3.9M | 1,141 | 2 |
| Canandaigua National Bank & Trust | 1887 | $109.2M | 500 | 28 |
| Mid-Hudson Valley Federal Credit Union | 1963 | $34.6M | 2 | 3 |
| Peoples State Bank | - | $14.0M | 50 | 18 |
| City Bank | 1993 | $3.1B | 680 | 18 |
| Pioneer Bank | 1909 | $10.5M | 52 | 43 |
Ulster Savings Bank history FAQs
Zippia gives an in-depth look into the details of Ulster Savings Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Ulster Savings Bank. The employee data is based on information from people who have self-reported their past or current employments at Ulster Savings 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 Ulster Savings Bank. The data presented on this page does not represent the view of Ulster Savings Bank and its employees or that of Zippia.
Ulster Savings Bank may also be known as or be related to Ulster Savings Bank.