The Catskill Hudson Bank: A Comprehensive Guide
The Catskill Hudson Bank is a federally chartered savings bank headquartered in Hudson, New York. Founded in 1852, the bank serves the Hudson Valley and Capital Region of New York, with over 40 branches and nearly 400 employees.
Products and Services
The Catskill Hudson Bank offers a wide range of financial products and services for individuals, businesses, and municipalities. These include:
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Personal Banking: Checking and savings accounts, mortgages, personal loans, and credit cards
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Business Banking: Commercial lending, treasury management services, and small business loans
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Municipal Banking: Financing for local governments, schools, and not-for-profit organizations
Financial Performance
According to the Federal Deposit Insurance Corporation (FDIC), the Catskill Hudson Bank had total assets of $1.4 billion and total deposits of $1.1 billion as of December 31, 2022. The bank's net income for the year was $12.1 million.
Community Involvement
The Catskill Hudson Bank is committed to supporting the communities it serves. The bank provides financial support to local organizations and sponsors various community events. In 2022, the bank contributed over $500,000 to local charities and nonprofits.
Awards and Recognition
The Catskill Hudson Bank has received numerous awards and recognitions for its financial performance and community involvement. These include:
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Best Bank in the Hudson Valley (Hudson Valley Business Journal, 2022)
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Top 200 Healthiest Banks in the U.S. (Forbes, 2021)
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Community Service Award (New York State Bankers Association, 2020)
Tips and Tricks
Tips for Banking with the Catskill Hudson Bank:
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Take advantage of online banking: The bank's online and mobile banking platforms offer convenient access to your accounts 24/7.
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Use mobile deposit: Deposit checks easily and securely using the bank's mobile app.
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Sign up for eStatements: Receive your bank statements electronically to save paper and money.
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Consider a money market account: This type of account offers higher interest rates than traditional savings accounts.
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Meet with a financial advisor: Schedule a consultation to discuss your financial goals and get personalized advice.
Common Mistakes to Avoid:
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Overdrawing your account: Avoid overdraft fees by monitoring your account balance and setting up overdraft protection.
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Not reading your statement: Review your bank statement regularly to avoid missing important information or potential errors.
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Falling for scams: Be wary of emails or phone calls asking for your personal information. The bank will never ask for your account number or password over email or phone.
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Ignoring high-interest debts: Prioritize paying off high-interest debts, such as credit card balances, to avoid accumulating unnecessary interest charges.
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Not setting a budget: Create a budget to track your income and expenses and stay within your financial means.
Step-by-Step Approach to Banking with Catskill Hudson Bank
How to open an account:
- Visit a branch or go online to the bank's website.
- Provide your personal information, including your name, address, and Social Security number.
- Choose the type of account you want to open.
- Fund your account with a deposit.
How to deposit a check:
- Sign the back of the check.
- Use the bank's mobile app to deposit the check.
- Take the check to a branch and deposit it in person.
How to transfer money:
- Log into your online banking account.
- Select the account you want to transfer money from.
- Enter the amount you want to transfer.
- Choose the account you want to transfer money to.
- Submit the transfer.
FAQs
1. What are the bank's hours of operation?
The bank's branches are typically open Monday through Friday from 9:00 AM to 5:00 PM and Saturday from 9:00 AM to 12:00 PM. Online and mobile banking are available 24/7.
2. What is the bank's routing number?
The Catskill Hudson Bank's routing number is 021420864.
3. What are the bank's fees for using ATMs?
The bank charges a $3 fee for using non-Cat
