Walden Savings Bank

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Walden Savings Bank

Crossroads Corporate Park
15 Scotts Corners Drive
P.O. Box 690
Montgomery, NY 12549
Phone: (845) 457-7700
Fax: (845) 457-8277

Established in 1872, Walden Savings Bank is a federal chartered mutual savings bank headquartered in Montgomery, New York. Effective August 15, 2002, the Bank opened its new Corporate Headquarters office, located at Crossroads Corporate Park, at the intersection of Route 17K and Route 208 in the Town of Montgomery. All administrative functions have been consolidated at the new facility, along with a full service branch office.

In addition to its headquarters, the bank maintains ten full service branches in southeastern New York (Walden, Washingtonville, Montgomery, Cornwall-on-Hudson, Pine Bush, New Windsor, Gardiner, Scotts Corners, Circleville and Middlehope). With the exception of the Gardiner branch, which is located in Ulster County, all of the banks branches are located in Orange County. For lending purposes, the Bank's primary market area covers Orange County, and extends into parts of Ulster and Sullivan Counties, which are adjacent.

Walden Savings Bank is a member of the Federal Home Loan Bank (FHLB) system, and its deposits are insured up to the regulatory maximums by the Bank Insurance Fund (BIF) of the Federal Deposit Insurance Corporation. As of March 31, 2009, Walden Savings Bank had $334,933,341 in assets, $295,351,440 in deposits and total equity of $28.0 million or 8.38% of total assets. Walden Savings Bank is a community-oriented thrift, with a primary strategic objective of meeting the borrowing and deposit needs of its local customer base. Historically, the bank's operating strategy has been reflective of a traditional thrift in which 1-4 family residential mortgage loans and retail deposits constitute the principal components of the Bank's assets and liabilities, respectively. Lending diversification by the Bank includes construction, multi-family, vacant land, commercial real estate, consumer loans and commercial business loans.

Active management coupled with progressive thinking, ensures that the Bank's customers can avail themselves of the latest technology, products, and services.

© 2003 - 2009 Walden Savings Bank. All rights reserved.