The Adirondack Trust Co. has again earned BauerFinancial lnc.’s highest 5-Star Superior rating.
A 5-Star rating indicates that the Adirondack Trust Co. is one of the strongest banks in the nation, excelling in such areas as capital, loan quality, profitability and more, according to BauerFinancial. The bank has earned this highest rating for 39 consecutive quarters.
Established in 1901, the Adirondack Trust Co. has served its customers for over 114 years. Today it operates 12 offices throughout Saratoga and Warren counties.
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C.T. Male Associates was honored with a gold award from the American Council of Engineering Companies of New York in category of Surveying and Mapping Technology for the Empire State Plaza grand staircase rehabilitation high definition 3D laser scan project at the State Museum and Archives in Albany.
Winners were honored at the 49th annual Engineering Excellence awards gala at the Waldorf Astoria in New York City in March. In conjunction with the gala, ACEC New York’s scholarship program awarded more than $50,000 to engineering students in the state.
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Barton & Loguidice of Albany earned a National Recognition Award for exemplary engineering achievement in the American Council of Engineering Companies’ (ACEC) 49th annual Engineering Excellence Awards for designing upgrades to the Million Dollar Beach day-use area at Lake George.
The area provides access for boaters, pedestrians, bicyclists, beachgoers, summer campers, residents, and tourists. The area needed a variety of environmentally responsible improvements to facilities and infrastructure to improve safety and ensure efficient operations.
A new boat launch minimizes disruption to the lake bottom, while a modern roundabout and re-routing of through traffic provides a safer environment for motorists and pedestrians. Many long-standing drainage problems were eliminated by raising the main parking area by four feet and using an innovative asphalt pavement. A permanent boat inspection and washing station with a serviceable sand filter system will help protect the lake from waterborne invasive species.
ACEC recognized 151 projects throughout the nation and the world as preeminent engineering achievements, and all were eligible for top national honors.
Award criteria included uniqueness and originality, technical innovation, social and economic value, complexity, and success in achieving goals.
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Arrow Financial Corp. was recently awarded the 2015 Raymond James Community Bankers Cup in recognition of its “superior financial performance.”
Financial services company Raymond James evaluated 301 community banks with assets between $500 million and $10 billion based on various profitability, operational efficiency, and balance sheet metrics. The Community Bankers Cup was awarded to the top 10 percent for their exceptional performance during 2015, as well as over time.
Arrow was one of only two New York state banks recognized. This is the second consecutive year Arrow was recognized.
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The Lake George Land Conservancy (LGLC) was recently awarded a $3,000 grant from the Glens Falls Foundation in support of its Hike Lake George campaign.
The Hike Lake George campaign was launched in 2015 in order to promote the parks, preserves and trails managed by the LGLC as important recreational and economic assets throughout the Lake George region. The foundation’s grant will enable the LGLC to expand the campaign’s reach by increasing its presence in regional publications and media outlets.
The LGLC is a nonprofit land trust that works to protect the water quality of Lake George through land conservation. These efforts also result in the establishment of parks and preserves that are opened to the public. LGLC currently manages 18 parks and preserves that are open to the public year-round or by special request with nearly 35 miles of trails for hiking, snowshoeing, cross-country skiing, and, at some preserves, hunting and snowmobiling.
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The Adirondack Trust Co. has donated $1,750 to the Family Services Association of Glens Falls as part of it annual credit card donation.
Once a year, the company donates a percentage of the interest earned on credit card balances to a local nonprofit organization. The organization is selected as part of a customer survey sent out annually and selected by the bank’s credit card customers.
The Family Service Association of Glens Falls Inc. is a nonprofit agency that provides services and support to families in crisis or in an emergency situation. Some of the services they provide are infant needs program, holiday program, special needs program, emergency dental care, screening for vision and hearing, as well as provide a food pantry where in 2015, provided food in over 1,900 requests, which included more than 3,300 children.
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Stewart’s Shops partners are now receiving their profit sharing statements with 14 percent growth on their existing accounts due to substantial stock appreciation, according to the company.
A statement from Stewarts said the growth is in addition to a $10 million company contribution to the Employee Stock Ownership Plan (ESOP), which equals about 15 percent of a partner’s gross pay in 2015.
Stewart’s employees are called partners because they own nearly 40 percent of the company through profit sharing. The ESOP is funded 100 percent by the company.
The ESOP contribution is available to anyone working at least 1,000 hours a year. There are currently 3,600 participants. The original profit sharing plan was established in 1974.