Solvay Bank Expands Commercial Banking Footprint into Mohawk Valley
Posted on January 9, 2024
SOLVAY BANK EXPANDS COMMERCIAL FOOTPRINT INTO THE MOHAWK VALLEY
SYRACUSE, NY — Solvay Bank, the oldest community bank established in Onondaga County, is pleased to announce its commercial banking expansion into the Mohawk Valley market in January.
Solvay Bank's expansion of commercial banking services is part of its commitment to serving the financial needs of individuals and businesses throughout Central New York. With a strategic vision to support the economic growth and development in the Mohawk Valley, Solvay Bank aims to service small businesses through its relationship-based banking approach, focused on excellence, personalized service, and community involvement.
As part of this expansion, Matt Nicholl was hired as a VP, Commercial Loan Officer, who will be based in New Hartford and play a key role in establishing Solvay Bank’s presence. He brings over twenty years of banking experience, with twelve in commercial lending, to the Bank. With deep roots in the Mohawk Valley, Matt has a strong understanding of the local market dynamics and the unique needs of businesses in the area.
"We are thrilled to announce our commercial banking expansion into the Mohawk Valley region and welcome Matt to the team. This represents a significant milestone for Solvay Bank," said Paul Mello, President & Chief Executive Officer of Solvay Bank. "We look forward to forging strong relationships, integrating with the community, and supporting the region’s economic growth as we have done in Onondaga County for over 106 years.”
“As a local resident and supporter of the Mohawk Valley, community growth and economic advancement are of great importance to me,” said Matt Nicholl, VP, Commercial Loan Officer of the Mohawk Valley. “It is refreshing to join a Bank that shares that same passion and commitment to the markets it serves. Solvay Bank’s investment from the start, through support of community and economic development groups like the Mohawk Valley EDGE and the Greater Utica Chamber, is a testament to the Bank's values and why it will make a good fit in this market.”
Solvay Bank will initially focus on offering commercial banking services in the Mohawk Valley and plans to scale up investment as appropriate to service the needs of its customer base. With its market familiarity, local lending and decisioning, and digital banking platforms, Solvay Bank is well positioned and excited to embark on this commercial expansion journey.
Founded in 1917, Solvay Bank is the oldest community bank established in Onondaga County. Solvay Bank has nine branch locations in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, Liverpool, North Syracuse, Westvale, and downtown Syracuse, and a commercial presence in the Mohawk Valley. Solvay Bank’s Insurance Agency, Inc. is a full-service general insurance agency. For more information about Solvay Bank, visit www.solvaybank.com.