Capital Bank Plans Branch at Mohawk Harbor ALBANY, N.Y.,

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
110
Capital Bank Plans Branch at Mohawk Harbor

ALBANY, N.Y., Feb. 02, 2017 (GLOBE NEWSWIRE) -- (Nasdaq: CHMG ) -- Capital Bank, a division of Chemung Canal Trust Company, has announced it is planning to open a new, full-service, branch at Mohawk Harbor, Schenectady’s $480 million waterfront development. 

Anders M. Tomson, President of the Capital Bank division of Chemung Canal Trust Company said, “we are very excited to be working with the Galesi Group to establish a bank location at Mohawk Harbor, the Capital Region’s new waterfront destination including the Rivers Casino & Resort.”  Capital Bank’s current footprint includes five full-service offices in the region, including two in Albany, plus locations in Latham, Slingerlands and Clifton Park.  This branch would be Capital Bank’s first de novo office since the bank merged with Chemung Canal Trust Company in 2011.

“Mohawk Harbor is a truly transformational project,” said Tomson.  “The mixture of the casino, hotel & restaurants, waterfront apartments, new retail, office space and the new Courtyard Marriott will serve as a springboard for the community, and are an exciting new phase of the Schenectady renaissance,” he added.  “We’re excited because we believe that Mohawk Harbor will be a wonderful place to have fun, work, live, shop, and of course bank,” Tomson said. 

Tomson, who is President and CEO of Chemung Canal Trust Company, indicated that the bank is considering a 2,100 square foot, state-of-the-art branch that would include a drive-up teller.  “While discussions are ongoing, the final agreement would be subject to regulatory approval,” Tomson said.

“We are very encouraged to have Capital Bank join Mohawk Harbor,” said David M. Buicko, President & CEO of the Galesi Group.  “The new bank is part of the waterfront community that we are building that includes office, retail and waterfront living and of course the brand new Rivers Casino & Resort.”

This branch expansion would extend Capital Bank’s continuing investment in the Capital Region.  In January 2015 the bank relocated its Washington Ave. office, opening a new, 11,000 square feet, regional headquarters on State Street - the first completed tenant of Wellington Row, a redevelopment project that is a significant part of downtown Albany’s revitalization efforts.  Additionally, Capital Bank has relocated branches in Latham, Clifton Park and on Wolf Road, and made substantial capital improvements to its Slingerlands office.

Capital Bank, originally formed in 1995, was merged into Chemung Canal Trust Company in 2011.  With assets of $1.7 billion and operating through 33 offices within 11 counties in New York State and one county in Northern Pennsylvania, Chemung Canal Trust Company is the oldest locally-owned and managed community bank in New York State.

This press release may be found at: www.capitalbank.com and www.chemungcanal.com

Media Contacts: Michael J. Wayne Senior Vice President (607) 737-3762 mwayne@chemungcanal.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Coding Models' Self-Reporting Under Scrutiny with New Tool

Updated Category News Views 4

Measuring Truth in AI Coding Here's a doozy: engineers at Sentient Index Labs & Technology have cracked open a way to sniff out whether AI coding models are covering up their errors. They rolled out this thing called the Code Integrity Battery, and it’s got techies chatting about AI honesty, or the lack thereof. It's not about AI writing shoddy code; that we can handle....

Continue Reading
Celebrating Appalachian Soul with Aristotle Jones

Updated Category News Views 5

Igniting a Celebration of Appalachian Soul Now here's a sound that hits you right in the gut. Aristotle Jones, known out there as the 'Appalachian Soul Man,' is making a big move. He's laying out the plan to make July the Appalachian Soul Month. This fellow isn't shy about celebrating the deep roots of Appalachian music, dropping his album Appalachian Soul Power and a new...

Continue Reading
Guaranteed Roof Expands with EM Exteriors through LB Capital

Updated Category News Views 5

A Bold Move to Elevate Roofing Standards In a move that seems to jolt the roofing industry awake, Guaranteed Roof is taking the wraps off its new strategic partnership with LB Capital and EM Exteriors. Think of it as a power trio aiming to redefine what roofing solutions should mean in the Southeast. It’s the kind of news that makes you sit up and ask, why now and why...

Continue Reading
Foodcare Proves Effective in Reducing Blood Sugar Levels

Updated Category News Views 5

A New Chapter for Diabetes Care: Foodcare Folks, we've got ourselves a game-changer in the world of diabetes care. Listen closely: Foodsmart's latest study, hot off the press from the American Heart Association's Circulation, essentially hands over the blueprint for tackling type 2 diabetes in an innovative fashion. Now, I'm not the type to get all mushy over scientific...

Continue Reading
WareSpace Expands Reach With $36.5M Acquisitions

Updated Category News Views 2

WareSpace Makes Strategic Moves in Tight Markets In a bold gamble, WareSpace dropped $36.5 million to snag fresh industrial real estate in Miami Gardens, Florida, and South San Francisco, California. These aren't random picks, mind you. They're strategic grabs in markets where finding space ain't easier than winning the lottery. With more than 210 flexible units for small...

Continue Reading
Omneky Integrates AI Growth Agent With Slack for Ads

Updated Category News Views 3

Omneky's New Move: AI Growth Agent Meets Slack Picture this: You've got a marketing team hustling in the digital age, and now they've got a new ally. Omneky, the big-wig in autonomous AI growth, has snuck its AI Growth Agent right into Slack. This isn't just a party trick during Dreamforce week in San Francisco. This is Omneky throwing another cog into the advertising...

Continue Reading
EnGenius Names Experienced VP to Boost Sales Growth

Updated Category News Views 3

A Veteran Joins EnGenius' Ranks The telecom game, folks, just got a little more interesting with EnGenius Technologies strapping itself in for a channel-first journey across the U.S. and Canada. They've placed a seasoned player, Rachel Saunders, into the cockpit as Vice President of Sales, North America. Her resume reads like a telecom scout's dream: 17 years in electric...

Continue Reading
EmpowHer Grants Propel Female-led Social Ventures Forward

Updated Category News Views 8

Every now and then, you stumble upon a story that makes you take off your trading hat and put on your 'citizen of the world' one. The Boundless Futures Foundation is doing just that, pushing past the $1.5 million mark in grant funding to back female founders creating real scale impact. If this doesn't sound like a nonprofit turning the gears of change, I don't know what...

Continue Reading
Metriport Eyes Major Step in Health Data Integration

Updated Category News Views 6

Metriport's Push into the TEFCA Framework Son of a gun, Metriport's making noise in the health data world! They just got the nod as a Candidate QHIN under the Trusted Exchange Framework and Common Agreement, or TEFCA if you're into acronyms. This isn't just some digital high-five; it's a significant stride forward for healthcare data exchange. Now they're smack in the...

Continue Reading
Trust vs. AI: Shapira's Fight in Modern Speechcraft

Updated Category News Views 5

Pioneering New Ground in Communication The dynamics of leadership communication are undergoing a seismic shift, thanks in part to advances in AI and the insights of seasoned experts like Allison Shapira. Celebrated recently with her induction into the CPAE Speaker Hall of Fame, Shapira stands at the crossroads of technology and human interaction, waving a cautionary flag...

Continue Reading

Top 5 Most Recently Viewed Articles

RSG Group USA Secures $7.85 Million in Legal Victory

Updated Category News Views 154

RSG Group USA Wins Substantial Legal Settlement In a significant legal victory, RSG Group USA has recovered $7.85 million from a bankruptcy case concerning the iconic Gold's Gym brand. This amount includes $5 million awarded by a federal bankruptcy court as compensation for damages related to undisclosed licensing agreements executed by previous management. Understanding...

Continue Reading
Portugal's Economic Outlook Brightens with Strong Growth Projections

Updated Category News Views 236

Portugal's Economic Growth is Accelerating Recent indicators suggest a promising surge in Portugal's economic growth, particularly in the fourth quarter of this year. The finance minister has expressed confidence that this trend bodes well for the country's economy, with expectations of a stronger performance in the coming years. Key Indicators of Economic Activity...

Continue Reading
Birchtech Celebrates EPA’s Support for Clean Coal Initiatives

Updated Category News Views 131

Birchtech Applauds EPA’s Commitment to Clean Coal Birchtech Corp. (TSX: BCHT) (OTCQB: BCHT), recognized for its advancements in specialty activated carbon technologies, has issued a statement praising the recent actions of the U.S. Environmental Protection Agency (EPA) and the supportive proclamation from President Donald J. Trump. This announcement grants a two-year...

Continue Reading
Inspiring Journey of Recovery for Virginia Beach Boy

Updated Category News Views 322

A Remarkable Journey of Healing at Children's Hospital In Norfolk, Virginia, a heart-wrenching incident transformed the life of a young boy named Landyn Davis, who faced an uphill battle after being shot in the head during a random act of gunfire. At just eight years old, he was caught in a terrifying situation that left him with severe injuries and an uncertain future....

Continue Reading
Northwestern Mutual Shines as a Leading Independent Broker-Dealer

Updated Category News Views 345

Northwestern Mutual Ranks High Among Broker-Dealers Northwestern Mutual has proudly secured its position as one of the top independent broker-dealers in the nation, ranking sixth on the recently published list by Financial Advisor Magazine. This recognition underscores the company's long-standing commitment to outstanding financial service and client support. Our...

Continue Reading