03/25/2018: Considering A Change? Switch to Your Local Community Bank – Seneca Savings

The Independent Community Bankers of America (ICBA) and Seneca Savings are reminding Americans that their choice of financial institution matters and could impact their ability to secure a loan, obtain favorable fees or rates, or ensure the high-quality, personal service they desire from their bank.

“Community banks have earned the public’s trust because they have proven to be good stewards of their depositors’ money,” said ICBA Chairman Scott Heitkamp. “Because they live and work in their communities, they have a vested interest in pricing their products fairly and practicing prudent underwriting when extending loans. People like knowing that their money is being put to work in their community—making it a better place for all who call it home.”

With so many choices available, ICBA and Seneca Savings offer the following checklist to illustrate the community bank difference. Community banks offer:

  • Local Focus: Community banks channel their loans to the neighborhoods where their depositors live and work, which helps local businesses and communities thrive.
  • Relationship Banking: Community bank officers know their customers and consider family history and discretionary spending in making loans.
  • Innovative Solutions: Community bankers work hand in hand with customers to ensure they have access to the best innovations possible to meet their needs—including the most secure, reliable and convenient payment options.
  • Timely Decision-Making: Community banks offer nimble decision-making on business loans because decisions are made locally. They are also excellent business advisers because they too are a small business and know the market better than anyone.
  • Community Engagement and Accessibility: Community bankers are deeply involved in their local communities, donating their time, dedication and resources to local causes that make a difference in the lives of residents.

“We pride ourselves on our quality service and strong community ties,” said Joseph Vitale, President and CEO of Seneca Savings. “Our customers can count on us to do right by them, because when they succeed everybody wins.”

ICBA and Seneca Savings also offers these tips to remember before switching banks.

  • Make sure all outstanding checks have cleared before closing your old checking account.
  • Open an account at your new bank before you leave your old bank.
  • Do not close the old bank account until you are sure any direct deposits or automatic bill payments have transferred to the new account.

To find out more about us, please visit www.senecasavings.com Also contact Seneca Savings to make the switch at 315-638-0233.



Joseph G. Vitale

President and CEO