Presidents Message, November 23, 2020

Dear Valued Customers & Community Members,

At Sawyer Savings Bank, our goal over these past few months has been to provide a safe environment, while providing essential and exceptional financial services to our members.

It has been a time like no other and we, like you, have had to do things in ways that were never done before.

As always, our first priority is to ensure our staff remains healthy in order to continue to serve the needs of our customers and communities. As the number of COVID-19 cases across our Hudson Valley area continues to rise, we have decided to restrict access to our branch lobbies effective Monday, November 23, 2020. Our drive ups will remain open during normal business hours.

These temporary changes are being made out of an abundance of caution as preventative measures to decrease the number of people interacting within our branches and create greater social distance between our teams and customers, as recommended by the Centers for Disease Control and Prevention (CDC) and health guidelines from both State and National governmental agencies regarding the pandemic.

“The safety and security of our customers and staff remains our number one priority,” said Doug Sturges, President. “In light of the increasing number of COVID cases across our area, we wanted to do our part to help slow the spread by temporarily moving to drive-up service and our fast track banking depository. We apologize to our customers for any inconveniences this may cause, but ensure you that our staff is ready to work with you as needed. You can also access your accounts through online banking, our mobile apps, and our network of ATM’s.”

Your trust in us over the past several months has not gone unnoticed and we are so grateful for your continued support. We are committed to providing you with financial assistance you need during these unusual times. And we will always be here for you, just has we have been for the past 150 years. We appreciate your business and your understanding and we recognize the adverse impact this is having on all of us. We will continue to communicate with you just as we’ve been doing throughout the last several months. Thank you for your flexibility as we do our part for the health and safety of our customers, staff, and community.

 

Doug Sturges,
President

Proud Banking Partner for Central Hudson’s Back to Business Funding Program

we're open sign

Central Hudson LogoSawyer Savings is pleased to be a community banking partner for Central Hudson’s Back to Business funding program. Central Hudson is committing up to $1 million in economic development support to provide local small businesses with grants to help pay down new working capital loans taken with participating local banks, like Sawyer Savings. This program is intended to assist small businesses in continuing operations or reopening when the economy is restarted.

Click here to read the official press release.

Click Here for the CH Grant Application (PDF)

Click Here for the SSB Loan Application (PDF)

Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Sawyer Savings Bank Announces changes to Senior Management and Board of Trustees

Douglas P. Sturges Headshot Gabriel F. Sottile Headshot

James P. Whitaker Cynthia Saporito

Sawyer Savings Bank, in business since 1871, is proud to share news of the following changes to Senior Management and to the Board of Trustees as of January 1, 2019.

With leadership capability and the importance of continuity across every aspect of the bank’s service, we announce the naming of Douglas P. Sturges as the new President and Chief Financial Officer (CFO).

Mr. Sturges has worked at Sawyer Savings as Chief Financial Officer for over 20 years. He graduated Magna Cum Laude from Siena College in 1984 as an Accounting major and obtained a Master’s Degree in Banking from Louisiana State University in 2006. He is a CPA and a member of both the AIPCA and NYSSCPA.

Mr. Sturges and his wife live in Saugerties and enjoy the community immensely. He looks forward to continuing to work with the dedicated staff at Sawyer Savings and to grow the Bank in the years ahead.

Gabriel F. Sottile has stepped down as President of Sawyer Savings and remains Chief Executive Officer (CEO) and Chairman of the Board. Mr. Sottile’s 40-year tenure has included posts from Auditor to AVP, VP, EVP, President and Trustee, as well as his current positions.

Mr. Sottile is and has been an active member of the Hudson Valley Community, serving as Chairman of the Board for Benedictine Hospital and continuing as Trustee and Chair of the Finance Committee for Ulster County Community College.

James P. Whitaker has been appointed Executive Vice President (EVP) and Chief Information Security Officer (CISO) of Sawyer Savings. He has held positions with the bank in customer service, underwriting for commercial loans, IT and more for over 18 years. He has an Associates’ Degree from UCCC.

Mr. Whitaker is a lifelong resident of Saugerties and graduated from Saugerties High School. He is a member of both the Sons of the American Legion and the Kiwanis Club where he serves on numerous committees.

Cynthia Saporito, currently Senior Vice President (SVP) and Chief Operating Officer (COO), has been elected to the Sawyer Savings Board of Trustees. Over the past 33 years, she has held positions as an Internal Auditor, AVP Lending, VP of Operations, CRA and Compliance Officer prior to her becoming SVP and COO in 2005. She is a graduate of SUNY Ulster and Marist College with a BS in Business.

Ms. Saporito is a resident of Saugerties who serves on the Board of the Saugerties Public Library and is a member of the Kiwanis Club. She was also on the Board of the Kingston Boys & Girls Club for over 10 years.

DON’T GET SCAMMED!

You may have heard about people who are “hired” to be “mystery (or) secret shoppers”.  The shopper receives a check with instructions to deposit it in a personal bank account, withdraw the amount in cash, and wire (or send) it to a third party. The scam is that the check is a fake…It may seem that the check has cleared and that the money has posted to the account, but when the check turns out to be a fake, the person who deposited the check and wired the money will be responsible for paying back the bank. It is never a good idea to deposit a check from someone you don’t know.

TIPS to keep yourself safe:

1) Scammers like using names of well-known companies to gain your trust, so do your research;

2) You do not have to pay to get into the “mystery shopper” business;

3) NEVER deposit a check from someone you do not know;

4) NEVER give personal financial information online.

Click here to learn more

SAWYER INTRODUCES CARDVALET!

Sawyer Savings Bank is pleased to introduce CardValet®, a mobile card management application that helps reduce account fraud by allowing cardholders to monitor accounts with their smartphone and control how, when and where their debit card is used.

CardValet is free, no obligation service that is available in the Apple® App Store or Google® Play. Once CardValet is set up, cardholders have the ability to “turn off” their card when not in use, establish transaction spending limits and decline a transaction when the amount exceeds a predefined threshold.

Real-time smartphone alerts can be customized based on the types of information each cardholder would like to receive. For example, a cardholder can set up an alert to be notified when a card is used, when a transaction is approved and exceeds any of the permitted use policies, or when a card transaction has been attempted but has been declined based on the parameters established.

CardValet offers cardholders the capability of linking additional accounts to better monitor dependent spending. So, by using the GPS system in their smart phone, geographic use restrictions can be established for college students along with restrictions on merchant type and spending limits.

CardValet is also ideal for small businesses. All transactions can be monitored or controlled for specific merchant categories, such as travel, restaurants or entertainment, and can be denied or reported for types of merchants deemed not business related.

For more information regarding this free service that is available to you through Sawyer Savings Bank please call 1-888-772-1871 and ask to speak to a customer service representative.

SANTA CLAUS IS COMING TO SAUGERTIES

Join us once again as we welcome the jolliest elf around. On Friday, December, 16, 2016 between 3:30- 5:30 pm Santa will be in our Saugerties Branch. All children will receive a free photo and gift from Santa.

Santa Claus is coming to Sawyer Savings Bank Graphic

COMING SOON…. IMPROVED TECHNOLOGY & ADDED SECURITY WITH EMV “CHIP” CARDS

What is an EMV Chip Card?

EMV stands for Europay, MasterCard, and Visa- the developers of the microchip embedded in the card that stores and protects your card data. EMV Chip cards do everything your current magnetic strip cards do – but, more securely. The computer chip embedded in the card enables more secure processing by producing a one-time use code for each transaction.

Be on the lookout for updates on when you can expect to receive your new Sawyer Savings Bank EMV chip debit card.

2016 Stuff the Truck Event

Please bring non-perishable food items to replenish local food pantries that help our communities. All donations stay local.

Saugerties food collected will be donated to the Saugerties Food Pantry

Marlboro food collected will be donated to Lattingtown Baptist Church Food Pantry

Highland food collected will be donated to St. Augustine Food Pantry