On April 12, 1851, the Ulster County Savings Institution was chartered by the New York State legislature and became the first savings bank in Ulster County, New York.
On June 19, 1851, Severyn Bruyn, Ulster Saving Bank’s very first customer, made a $120 deposit. Back then, it was a major transaction! Today, Severyn could’ve done a whole lot more - like insure his home, get his taxes done, and plan for his retirement -all in one place, at Ulster Savings Bank.
Today, as a result of the careful attention of our long-tenured, local management team, Ulster Savings Bank is a very healthy bank with a high net worth, strong capital, and high-quality assets.
In 2019, there are less than 500 remaining mutual savings banks in the country. Ulster Savings is one of them. We don’t have stockholders. Our profits are reinvested back into the communities we serve. We are proud to be the recipient of numerous community awards reflecting our belief that helping community changes lives.
Ulster Savings Bank remains a locally focused and operated bank, with locations throughout the Hudson Valley. Every year, Ulster Savings Bank supports hundreds of local organizations throughout our community, close to home.
We hope you enjoy visiting our website. We invite you to stop by any of our locations and experience the local difference with Ulster Savings Bank.