Solvay Bank plans Mohawk Valley commercial-banking expansion in 2024

SOLVAY, N.Y. — Onondaga County–based Solvay Bank announced it is expanding its commercial-banking services in the Mohawk Valley region in the new year.

The bank did not release specific details of its Mohawk Valley plans, but indicated the expansion is part of its strategic vision to support economic growth and development in the Mohawk Valley and become a “trusted partner through its relationship-based banking model.”

As part of the expansion, the bank has hired Matt Nicholl as VP, commercial-loan officer. Based in New Hartford, he plays a key role in establishing Solvay Bank’s presence in the area. He has more than 20 years of banking experience, including 12 years in commercial lending.

“We are thrilled to announce our commercial expansion into the Mohawk Valley region and welcome Matt to the team,” Solvay Bank President/CEO Paul Mello said in a news release. “This represents a significant milestone for Solvay Bank. We look forward to forging strong relationships, integrating with the community, and supporting the region’s economic growth as we have done in Onondaga County for over 106 years.”

Founded in 1917, Solvay Bank has nine retail-branch locations in Solvay, Baldwinsville, Camillus, Cicero, DeWitt, Liverpool, North Syracuse, Westvale, and downtown Syracuse in Onondaga County. It also has a commercial-lending presence in the Mohawk Valley. Its Insurance Agency, Inc., is a full-service general insurance agency.