Bank of Richmondville, Financial Information

AboutBank of Richmondville

 Address:
857 East Main Street
Cobleskill,NY
Schoharie County,New York
 Established:
Dec 1893
 Number of domestic offices:
3
Total assets$165M
Net income$1M
Net income,quarterly$0M
Total deposits$146M
Domestic deposits$146M
Equity capital$17M
ROA0.57%
ROAQ,quarterly0.6%
ROA,pretax0.6%
ROAQ,quarterly,pretax0.59%
ROE5.09%
ROEQ,quarterly5.57%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The Bank of Richmondville was established in 1881 by the honorable Judge John Westover and James Foster as a privately owned bank. The bank's initial facility was located at Main and Summit Streets in Richmondville, New York.

On September 8, 1982, the Bank opened its second office located on East Main Street in Cobleskill, New York. In addition to branch services, this office houses the bookkeeping, computer, finance and loan operations departments of the Bank.

On October 19, 1998, the Bank opened its third office located on Main Street in Schoharie, New York. This facility provides drive up ATM service, night depository, and two lanes of "Drive Thru" services in addition to traditional banking services.

Today, the Bank of Richmondville has grown in excess of $100 million in total assets and over $10 million in capital. The Bank also employs 38 local staff members. As a "community" bank, the Bank of Richmondville's primary market area is geographically situated in and around Cobleskill, Richmondville and Schoharie, all located in Schoharie County. The Bank of Richmondville is also pleased to serve the needs of those in all neighboring towns and villages.

The Bank remains an independent, community bank offering a variety of competitive personal, commercial, non-profit and municipal products, combined with the hospitality and personal service of a hometown bank.

Cobleskill Office
857 East Main Street
PO Box 40
Cobleskill, NY 12043
(518) 234-4397

Richmondville Office
284 Main Street
PO Box 130
Richmondville, NY 12149
(518) 294-6661

Schoharie Office
428 Main Street
PO Box 488
Schoharie, NY 12157
(518) 295-8884