Press Release:
ULSTER SAVINGS BANK CELEBRATES 170th ANNIVERSARY WITH
170 RANDOM ACTS OF KINDNESS
Hudson Valley Bank Marks Milestone by Spreading Kindness All Year Long
KINGSTON, NY (May 5, 2021) – Since 1851, Ulster Savings Bank has been serving customers throughout the Hudson Valley region – and this year marks the bank’s 170th anniversary. Ulster Savings is the oldest bank headquartered in the Hudson Valley and the eighth oldest bank in New York State.
Over the bank’s long history, millions of dollars have been donated and thousands of local residents have been helped by its giving programs Since the bank’s 150th anniversary in 2001 it has formalized its giving programs through the founding of a charitable foundation Over $12.5 million dollars has been given to hundreds of non-profits in the area since the foundation was launched Ulster Savings team members are stepping up and finding creative ways to work with their customers to help spread kindness throughout Ulster, Orange, and Dutchess counties in even more meaningful ways with the 170th anniversary.
“As a mutual savings bank, we were created for the benefit of our customers and the community, we have no shareholders. That enables us to keep all profits local and reinvest into the community in a number of ways,” said Bill Calderara, CEO/president of Ulster Savings Bank. “Celebrating our 170th anniversary with just as many random acts of kindness is our way of spreading kindness and supporting our community following a challenging year.”
To date, the bank has purchased and donated toys and puzzles for children at a Poughkeepsie-based homeless shelter, covered one month of garbage removal services for Stone Ridge residents picked at random, gifted free haircuts at a Dutchess barber shop, donated masks to the Ulster Immigration Defense Network, gifted free coffee at a Phoencia gas station, free NYS inspections at local garages, and free pizza to customers at Newburgh pizzeria, among others.
“We are proud that throughout our long history, we stayed true to our mission and the mission of our founders in serving our customers and the community at large,” Calderara added.
For more information about Ulster Savings Bank and the 170 Acts of Kindness, visit ulstersavings.com.
About Ulster Savings Bank:
Headquartered in Kingston, NY, Ulster Savings Bank is a Mutual Savings Bank with assets of $1.173 billion. Ulster Savings Bank has 14 branches located in Kingston, Lake Katrine, Gardiner, New Paltz, Newburgh, Phoenicia, Poughkeepsie, Red Hook, Saugerties, Stone Ridge, Wappingers Falls and Woodstock. Additional mortgage lending offices are located in Orange, Dutchess, and Westchester counties. For more information visit, ulstersavings.com or follow the bank on Facebook, Twitter, Instagram, LinkedIn and YouTube.
photo of Ulster Savings Bank CEO/President, Bill Calderara.