Pathfinder said it has purchased the building at 3775 State Route 31 in Clay, which used to be home to a KeyBank branch. It didn’t disclose the price. The nearly 2,500-square-foot building, situated on 2.4 acres, was valued at more than $431,000 in 2017, according to Onondaga County’s online property records. KeyBank of New York was the previous owner.
Pathfinder Bank said it has scheduled the branch opening for October, after interior renovations are complete. The new office will be a full-service branch, offering retail, residential mortgage, commercial lending, and wealth-management services, as well as bank teller and ATM drive-thru service. The bank plans to hire six new employees, which would increase its companywide total to 160 employees.
“Our commitment to Onondaga County continues to grow, as does the communities support of our presence,” Tom Schneider, president and CEO of Pathfinder Bank, said in a news release. “We recognize a need to provide our customers with more convenience and have been searching for a new location that would enhance our accessibility. Now that we have found one, we look forward to becoming an even more visible and vital part of the communities we serve.”
Pathfinder’s other two Onondaga County branches are in Cicero and downtown Syracuse, respectively.
Pathfinder Bank’s newest location will sit alongside the proposed Widewaters Commons project located at 3715 Route 31. Widewaters Commons — a project of DeWitt–based real-estate development and management company Widewaters Group — is about halfway through the planning-board approval process, per the Pathfinder release. The proposal calls for a 100,000-square-foot-plus retail complex with restaurants and stores.
Pathfinder Bank is a subsidiary of Pathfinder Bancorp, Inc, (NASDAQ: PBHC). The bank has nine branches, with six in Oswego County in addition to the three in Onondaga County.
Contact Rombel at arombel@cnybj.com
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