Branch Design

Branch Construction Resumes Around Albany

Credit Unions, Banks Halted Work During Pandemic

Keith Griffin

September 24, 2020

Construction worker

Banks and credit unions around Albany are resuming construction of new branches and office space. Work came to a halt during the early stages of the pandemic.

The Albany Business Journal reports financial institutions have slowly started to restart construction after businesses across the state were forced to halt nonessential on-site work after Gov. Andrew Cuomo implemented measures to stop the spread of the coronavirus. While construction of bank branches was considered essential, many banks and credit unions in the area decided to pause or slow down construction plans as the pandemic halted much of the region's economic development.

The article describes these ongoing and finished projects:

  • The Bank of Greene County recently opened its first prominent office in the Albany area this week — on Wolf Road near the corner of Sand Creek Road.
  • Saratoga National Bank moved into new business development offices at 11 Century Hill Dr. and opened a new branch at 545 Troy Schenectady Road — in the space formerly occupied by Panda Express. The branch is around 2,200 square feet with a full lobby and five offices.
  • Community Bank N.A. plans to open a new business banking center this fall at 19 Corporate Woods in Albany. The business banking center will house the bank's commercial lending team in Albany. It will offer customers wealth management, insurance and residential mortgage services and have a drive-up ATM.
  • Sunmark Credit Union is building the new branch at 2115 Western Ave. in Guilderland — the fifth new branch since CEO Frank Degraw took over the job in 2015.

Also, Chase Bank is moving forward with plans to open at least seven branches in the Albany area over the next few years, even as its timeline has been pushed back. Over the past few months, the federal Office of the Comptroller of the Currency has approved two more Chase branches in the area — one in Guilderland and one in Latham. Two more branches were on track to open in December — at Mohawk Commons in Niskayuna and at 1 Homestead St. in Albany at the corner of Western Avenue

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