{"id":38010,"date":"2025-01-20T14:56:24","date_gmt":"2025-01-20T19:56:24","guid":{"rendered":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/?p=38010"},"modified":"2025-01-20T14:56:24","modified_gmt":"2025-01-20T19:56:24","slug":"adirondack-trust-company-appoints-brian-c-fay-cma-as-new-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2025\/01\/adirondack-trust-company-appoints-brian-c-fay-cma-as-new-chief-financial-officer\/","title":{"rendered":"Adirondack Trust Company Appoints Brian C. Fay, CMA, As New Chief Financial Officer"},"content":{"rendered":"<figure id=\"attachment_38011\" aria-describedby=\"caption-attachment-38011\" style=\"width: 243px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-38011\" src=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2025\/01\/brianfay_adktrust_v-243x300.png\" alt=\"\" width=\"243\" height=\"300\" srcset=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2025\/01\/brianfay_adktrust_v-243x300.png 243w, https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2025\/01\/brianfay_adktrust_v.png 567w\" sizes=\"auto, (max-width: 243px) 100vw, 243px\" \/><figcaption id=\"caption-attachment-38011\" class=\"wp-caption-text\">Brian Fay brings more than 30 years of experience in finance to his new position.<br \/>Courtesy of Adirondack Trust<\/figcaption><\/figure>\n<p>Adirondack Trust Company has announced the appointment of Brian C. Fay, CMA, as the organization\u2019s new Chief Financial Officer, effective immediately. Fay succeeds Jack Arnold, CPA, who is retiring after serving as Adirondack Trust\u2019s CFO since 2004.<\/p>\n<p>\u201cOn behalf of the entire Adirondack Trust family, I want to express our heartfelt gratitude to Jack for his dedicated service and leadership over the past 20 years,\u201d said Adirondack Trust President &amp; CEO Charles V. Wait, Jr. \u201cJack has played a pivotal role in the Bank\u2019s growth and success, and we wish him all the best in his well-deserved retirement.\u201d<\/p>\n<p>\u201cBrian\u2019s extensive 30+ year career in finance and accounting, along with his proven leadership in driving strategic initiatives, make him the ideal candidate to serve as our new Chief Financial Officer,\u201d continued Wait. \u201cHis deep expertise in areas such as financial analysis, budgeting, regulatory reporting, and asset-liability management will be invaluable as we continue to enhance our financial operations and support the Bank\u2019s growth.\u201d<\/p>\n<p>In his new role, Fay will oversee all of Adirondack Trust\u2019s accounting and finance functions, including general ledger, accounts payable, budgeting, investment portfolio management, and regulatory reporting. He will also serve as a key strategic partner to the Bank\u2019s executive leadership team.<\/p>\n<p>Most recently, Fay served as Senior Vice President, Chief Financial Officer, and IT Director at Sawyer Savings Bank in Saugerties, NY. In this position, he was responsible for overseeing the bank\u2019s financial and accounting functions, managing daily liquidity, chairing the Asset Liability Management Committee, and overseeing enterprise risk management. Prior to Sawyer Savings Bank, Fay was CFO at the National Bank of Coxsackie and served in various finance leadership positions at RBS Americas and FleetBoston Financial.<\/p>\n<p><span class=\"Apple-converted-space\"><strong><span class=\"s1\"><span class=\"s2\"><!--more--><\/span><\/span><\/strong><\/span>\u201cI am thrilled to join the exceptional team at Adirondack Trust,\u201d said Fay. \u201cThe Bank\u2019s strong commitment to its customers and the local community aligns perfectly with my own values and approach to financial management. I look forward to leveraging my expertise to drive continued efficiency, profitability, and growth for the organization.\u201d<\/p>\n<p>Fay holds a Master of Science in Banking and Money Management from Adelphi University and a Bachelor of Arts in Economics from Fairfield University. He is also a Certified Management Accountant (CMA).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adirondack Trust Company has announced the appointment of Brian C. Fay, CMA, as the organization\u2019s new Chief Financial Officer, effective immediately. Fay succeeds Jack Arnold, CPA, who is retiring after serving as Adirondack Trust\u2019s CFO since 2004. \u201cOn behalf of the entire Adirondack Trust family, I want to express our heartfelt gratitude to Jack for [&hellip;]<\/p>\n","protected":false},"author":89,"featured_media":38011,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-38010","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Adirondack Trust Company Appoints Brian C. 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Fay succeeds Jack Arnold, CPA, who is retiring after serving as Adirondack Trust\u2019s CFO since 2004. \u201cOn behalf of the entire Adirondack Trust family, I want to express our heartfelt gratitude to Jack for [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2025\/01\/adirondack-trust-company-appoints-brian-c-fay-cma-as-new-chief-financial-officer\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Glens Falls Business Journal\" \/>\r\n<meta property=\"article:published_time\" content=\"2025-01-20T19:56:24+00:00\" \/>\r\n<meta property=\"og:image\" content=\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/wp-content\/uploads\/sites\/109\/2025\/01\/brianfay_adktrust_v.png\" \/>\r\n\t<meta property=\"og:image:width\" content=\"567\" \/>\r\n\t<meta property=\"og:image:height\" content=\"700\" \/>\r\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\r\n<meta name=\"author\" content=\"Jake Van Ness\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Van Ness\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2025\/01\/adirondack-trust-company-appoints-brian-c-fay-cma-as-new-chief-financial-officer\/\",\"url\":\"https:\/\/www.glensfalls.com\/glensfallsbusinessjournal\/2025\/01\/adirondack-trust-company-appoints-brian-c-fay-cma-as-new-chief-financial-officer\/\",\"name\":\"Adirondack Trust Company Appoints Brian C. 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