FOR TENTH CONSECUTIVE YEAR, ADIRONDACK TRUST NAMED TOP SMALLCOMMUNITY BANK LENDER IN THE CAPITAL REGION

Saratoga Springs, New York...The Adirondack Trust Company announced that it was named the top Small Community Bank Lender in the Capital Region for the tenth consecutive year.

SBA Syracuse District Director Bernard J. Paprocki recently announced that in the category for Small Community Bank Lenders The Adirondack Trust Company was the most active lender in the Capital Region for fiscal year 2010. For the tenth straight year, The Adirondack Trust Company outperformed all other small community lenders with the highest dollar amount of 7(a) approvals. The Adirondack Trust Company approved 25 loans worth $1.7 million to Capital Region startup and existing small businesses.

Commenting on this performance, Charles V. Wait, President and CEO of the Company noted: “We are extremely grateful not only by the recognition from the SBA but also from those customers that chose our company to work with on their SBA Loan. Since our founding in 1901 we have worked with small businesses that provide the foundation for our local economy. We are dedicated to serving these businesses with SBA Loans and other bank services so they can effectively manage and grow their business.”

“Strong relationships with our lending partners are essential in providing small business owners with increased access to the capital. After the Recovery Act increased guarantees and eliminated fees in our flagship loan programs, our lending partners were able to help small businesses do what they do best- grow and create jobs. We look forward to building on this success with continued Recovery Act enhancements and new increased loan limits signed into law under the Small Business Jobs Act,” praised SBA Syracuse District Director Bernard J. Paprocki.

The SBA Capital District Region covers the following counties: Albany, Clinton, Columbia, Essex, Greene, Rensselaer, Saratoga, Schenectady, Schoharie, Warren, and Washington.