Top of a Newspaper

Champlain National Bank News

Jay Winthrop Appointed to Champlain National Bank Board of Directors

August 3, 2022

Peter S. Paine, Jr., Chairman of the Board of Directors of Champlain National Bank and its holding company, Champlain Bank Corporation, is pleased to announce that at a recent board meeting, Jay Winthrop of Greenwich, CT was elected as a new member of both Boards.

"Jay Winthrop's extensive experience as an investment advisor managing, via his firm Douglass Winthrop, some $4.5 billion in assets will bring valuable experience to our Board,” Peter S. Paine, Jr. remarked. “In addition, he is familiar with our area as a result of his long association with the Paine family."

Mr. Winthrop is a managing partner of Douglass Winthrop Advisors LLC, a New York-based registered investment advisory firm. Before cofounding the firm in 2000, he worked at JP Morgan Chase and predecessor firms. Mr. Winthrop currently serves as chairman of the Conservation Fund and was previously chairman of American Farmland Trust, both in Washington, DC. From 2014 through 2016 he served on the U.S. State Department’s Advisory Committee on International Economic Policy. Mr. Winthrop received an AB from Harvard College in 1986 and an MBA from Harvard Business School in 1992.

On joining the Board, Jay Winthrop said, “As one who has travelled to the Adirondacks for many years, I’ve seen firsthand the positive impact Champlain National Bank has in the communities it serves in this wonderful part of the country. I’m honored to join the Bank board and support the good work of the bank and its terrific employees in the years ahead.”

Jay Winthrop Portrait
Jay Winthrop



Champlain National Bank Awards $4,000 in Scholarships to 2022 Graduates

July 5, 2022

Champlain National Bank gave $4,000 in scholarship money to graduating seniors throughout Essex, Clinton and Franklin Counties at graduation ceremonies in June. Recipients of the Champlain National Bank Scholarship receive $500 towards college expenses. Champlain National Bank Scholarships are awarded every year at graduation to students from school districts within the three counties who will be attending college in the fall.

Winners

Willsboro Central School: Anna McShane, daughter of Michael and Melinda McShane from Essex. Attending SUNY Plattsburgh to study Arts and Communication.

Boquet Valley Central School: Jude Brearton, son of Timothy Brearton and Dava Clement from Elizabethtown. Attending SUNY Plattsburgh to study Law and Justice.

Crown Point Central School: Noah Spaulding, son of Warren and Falynn Spaulding from Crown Point. Attending Siena College to study Business.

Keene Central School: Lacey Lawrence, daughter of Jill Lawrence from Champlain. Attending SUNY Plattsburgh to study Business Administration.

Plattsburgh Central School: Andrew Knowles, son of Robert and Nicole Knowles from Plattsburgh. Attending Rochester Institute of Technology to study Finance.

Northeastern Clinton Central School: Thomas Gilbo from Champlain. Attending SUNY Plattsburgh to study Economics.

Lake Placid Central School: Weber Jane Hemsley, daughter of Stuart Hemsley and Petra Weber from Lake Placid. Attending St. Lawrence University to study Business.

Saranac Lake Central School: Elizabeth Owens, daughter of Kenneth and Jennifer Owens from Bloomingdale. Attending St. Lawrence University to study Business.

High School Scholarship piggy bank



Champlain National Bank Plans Move to New Saranac Lake Location

June 10, 2022

Steven Cacchio, President and CEO of Champlain National Bank, is pleased to announce the Bank will be moving its Saranac Lake branch to a new location at 151 Church Street. This new branch will increase convenience with drive-through access, an after-hours depository, and enhanced deposit-taking ATM. It will provide clients with all bank products and services, including business accounts and loans, in addition to a robust mortgage offering.

“We see this as a natural progression of our presence in Saranac Lake, and look forward to making another investment in both our bank and our community,” said Cacchio.

The Bank is working with local contractors for the project, including Black Mountain Architecture from Saranac Lake, JFP Enterprises from Plattsburgh, Northwoods Engineering from Saranac Lake, and Marvin Land Surveying from Lake Placid.

The new branch is scheduled to open in the fall.

Bank building with landscaping



John Perley Retires From Champlain National Bank Board of Directors

May 9, 2022

The Board of Directors of Champlain National Bank will be saying goodbye to one of its longest serving members in 2022 who is retiring. John Perley, who served as President and CEO of the Bank from 1989 until 2006, continued to make meaningful contributions after retirement as a member of the Board, including returning to serve as interim President and CEO in 2015.

Mr. Perley had a long career in the banking industry starting at Chemical Bank in 1961. In additional to Champlain National Bank, he also served as President of Amoskeag National Bank in Manchester, NH. He is a graduate of Dartmouth College and the Amos Tuck School of Business Administration at Dartmouth. Mr. Perley was a member of the American Bankers Association and served on the Government Relations Council. He was also involved in many local community groups, including the CVPH Foundation and the Chamber of Commerce in Plattsburgh.

“Under John Perley’s leadership, Champlain National Bank was transformed from a modest institution, operating solely in Essex County, to a dynamic regional bank with branches in Clinton and Eastern Franklin County,” commented Peter S. Paine, Jr., Chairman of the Board. “When he took over as President in 1989, the Bank had $60 million in assets. Today we have $450 million.”

Reflecting on his retirement, John Perley noted: “My wife Suzanne and I spent 17 wonderful years living and working for the Bank in Essex and Clinton Counties. I want to thank the many great people and organizations that extended their support and kindness to us during our 33 years involved with the Bank.”

John Perley Portrait
John Perley



Employee Promotions Announced - April 2022

April 4, 2022

Steven Cacchio, President and CEO of Champlain National Bank, is pleased to announce the following employees have been promoted:

Desiree Maze to Learning, Development and Employee Engagement Manager. Desiree joined Champlain National Bank in 2021 as the Branch Manager of both Plattsburgh branch locations. She has more than 15 years of banking industry experience, which includes retail bank management, consumer and commercial lending/banking, business development, and employee training and development.

Desiree Maze Portrait
Desiree Maze

Ralitsa Livermore to Branch Manager of both Plattsburgh branches. Ralitsa started with Champlain National Bank in 2017 as a Teller. She was promoted to Elizabethtown Assistant Branch Manager in 2020 and Branch Manager of the Elizabethtown and Westport branches in 2021. Ralitsa came to the Bank with international experience in client service, having worked in the travel and hotel industries with Marriott hotels in San Diego, California. She holds a BS from the University of Economics in Varna, Bulgaria in Business Management. Ralitsa enjoys spending time with family, pets, traveling, staying active for herself, and within her community.

Ralitsa Livermore headshot
Ralitsa Livermore

Lena Robetoy to Branch Manager of both Elizabethtown and Willsboro branches. Lena became an employee of Champlain National Bank in February 1991. Before that, she received an Associate Degree in Accounting from Northeastern Christian Jr. College in Villanova, PA. Lena stays active in the community by being involved with the Ticonderoga Chamber of Commerce Ambassadors Group. She also serves as the Treasurer of the American Legion Auxiliary Unit 551 in Elizabethtown.

Lena Robetoy Portrait
Lena Robetoy

Maja Giambalvo to Lake Placid Assistant Branch Manager. Maja was hired in 2019 and was quickly promoted to Vault Teller in 2020. Maja is a graduate of SUNY Plattsburgh with a B.S. in Economics. Born and raised in Serbia, she enjoys traveling around Europe and going back to Serbia to visit her family. In her free time, she enjoys listening to crime podcasts, reading, and watching movies.

Maja Giambalvo Portrait
Maja Giambalvo



Bank Donates Infusion Chair to CVPH in Memory of Employee

March 14, 2022

Champlain National Bank and its employees donated $5,000 to The Foundation of CVPH so they could purchase a new chair for the Infusion Center, in memory of long-time employee, Lori Boren. Lori, who passed away in September 2021 after a battle with cancer, was the Downtown Plattsburgh Office Supervisor for many years, and was the first face many would see when they entered the branch. The Bank also purchased a leaf on the Tree of Life display in the FitzPatrick Cancer Center in her honor.

“We were all devastated by Lori’s passing, and wanted to come up with a special way to honor her. When we heard that The Foundation of CVPH was looking to purchase these new chairs, we felt like it was a perfect fit,” said Jackie Hallock, Vice President and Director of Marketing. “The employees donated $1,000 of their own money towards the chair and the Bank chipped in the rest. It was truly a generous act of love for our friend and colleague, whom we all miss.”

“We were so touched by this special gift,” said Kerry Haley, Associate Vice President of Philanthropy. “Turning a loss into an act of kindness will impact so many people who use our Infusion Center. Our staff is committed to the compassionate care they provide and donations, like this, further build upon their efforts to create a positive experience for our patients.”

The new chairs in the Infusion Center are designed to promote patient comfort and staff safety, and include a power height adjustment and power reclining positioning. They also feature ultra-comfortable contoured layered foam seating and a USB port for patients to plug in their electronics to help pass the time during treatment. The new chairs can accommodate any type of treatment in the Center, which will provide flexibility as to where patients can be stationed.

Women Behind Infusion Chair
Long-Time Colleagues of Lori Boren: Anne Franks, Lisa Roberts, and Lori Hebert, along with Kerry Haley (The Foundation of CVPH)

Plaque for Lori Boren
Infusion Chair Plaque

Tree Sculpture with Leaves
Tree of Life in the FitzPatrick Cancer Center at CVPH

Leaf Made of Metal
Tree of Life Leaf in Memory of Lori Boren



New Hires Announced

February 14, 2022

Steven Cacchio, President and CEO of Champlain National Bank, is pleased to announce the following new hires:

Desiree Maze has been hired as the Branch Manager of both Plattsburgh branch locations. Desiree has more than 15 years of banking industry experience, which includes retail bank management, consumer and commercial lending/banking, business development, and employee training and development.

Desiree Maze Portrait
Desiree Maze

Brian Ellsworth has been hired as the Elizabethtown Assistant Branch Manager. Brian comes to the Bank with eight years in the banking industry as a Head Teller and Customer Service Representative. He graduated from Siena College in 2013 with a B.S. in Accounting. He is an avid sports fan and has been a North Country resident most of his life.

Brian Ellsworth Portrait
Brian Ellsworth

Jennifer Tedford has been hired as the Human Resources Manager. Jennifer is responsible for all aspects of human resources and payroll. Before Champlain National Bank, she worked in Human Resources for a local manufacturing company for more than 20 years.

Jennifer Tedford Portrait
Jennifer Tedford



Champlain National Bank Gifts CAP Scholarships to North Country Students

January 14, 2022

Champlain National Bank has pledged $5,250 in scholarship money to North Country High School Students to be able to take college courses at Clinton Community College, while still in high school. The CAP (College Advancement Program) Scholarship through CCC, allows high school students to complete college-level education courses at a lower (or no) cost, in addition to helping students feel “college ready”, increasing their chance of success.

“We are honored to support educational opportunities for local students at Clinton Community College,” President and CEO Steven Cacchio said. “CAP is an excellent way for high school students to start obtaining college credits.”

“Support of the CAP Scholarship program is an investment in the community. We are grateful for the commitment Champlain National Bank has made to the North Country in providing access to education. This partnership will allow us to continue assisting deserving high school students in Clinton County and illustrates Champlain National Bank’s dedication to our region,” said Megan Morrissey-Kelley, Associate Director of Institutional Advancement.

Clinton Community College’s CAP allows high achieving students to earn college credit through approved courses at ten local area high schools. The objective of this concurrent enrollment program is to improve the likelihood of local high school student success in transitioning from secondary to post-secondary institutions, as well as increase the number of local students who choose a higher education pathway. The Clinton Community College Foundation incepted the CAP Scholarship program in 2002 in an effort to increase availability of the program’s benefits to students of all socioeconomic backgrounds.

Desiree, Megan and John Standing in Front of Fireplace
Desiree Maze, Megan Morrissey-Kelley (Clinton Community College), Dr. John Kowal (Clinton Community College)



50th Anniversary of the APA Features Peter Paine Jr.

December 15, 2021

With 2021 being the 50th Anniversary of the founding of the Adirondack Park Agency (APA), we want to salute our Board Chairman Peter Paine Jr., who was part of the Temporary Study Commission that formed the APA, and to thank him for his subsequent service as a member of the APA Board for 25 years.

Champlain National Bank provided broadcast support to Mountain Lake PBS to air a new documentary, A Wild Idea, which tells this important story about land use in New York State, and features Mr. Paine prominently as he shares his unique perspective on how the APA came to be. To learn more about the documentary and about Mr. Paine’s role in the formation of the APA, click on the links below.

Mountain Lake PBS

A Wild Idea

Adirondack Explorer Magazine

In His Sixth Decade of Fighting for the Adirondacks

Peter Paine Outside Adirondack Park Agency Building

Peter Paine Sitting in a Chair While Talking



Champlain National Bank Named Top Trustworthy Bank Brand

December 2021

Champlain National Bank was ranked #3 out of all banks in New York for “Trustworthiness of Bank Brand” in a recent issue of Banking Northeast Magazine. We are so humbled and proud of this honor.

Banking Northeast

The Best Banks In The Northeast

Banking Northeast Magazine Cover



Champlain National Bank Gives Back to Local Communities This Christmas

November 23, 2021

Champlain National Bank employees are once again spearheading projects throughout Essex and Clinton counties to help make the holidays a little brighter for local families. The Project We Care program at Champlain National Bank partners with local agencies throughout the region to help them collect toys, food, warm clothing and other items, which are provided to people in need in our communities during the holidays. Projects are as follows:

Champlain: In partnership with the Mooers Community Giving Tree, tags are available to be picked up at our branch, which list clothing items needed by students from Mooers Elementary. To help: give us a call at (518) 983-3314 or stop by the branch to pick up a tag. Please return the clothing unwrapped by December 7 with the tag attached.

Westport: A Christmas tree full of tags listing a local child’s wish and need, will be located in the branch. These gifts need to be returned wrapped with the tag attached by December 10. You can also donate any spare change into the change jars found around town and we’ll put it towards purchasing these gifts. We are also collecting non-perishable food and hygiene products which will be given to these families. Please call (518) 983-3316 for more information and to learn how you can help.

Plattsburgh (500 Route 3): Working alongside the AuSable Valley Teachers' Association, we are adopting students from Keeseville, AuSable Forks, and AVCS to ensure a bright Christmas holiday for struggling families. We will be placing gift tags with one need and one want for each child on our "Giving Tree" at our branch. We encourage the community to help us purchase these gifts by selecting a tag, purchasing and wrapping the gifts listed, and returning them to us by December 10th. Please call (518) 561-6000 to learn more about our Project We Care community Christmas program.

Downtown Plattsburgh: Working in partnership with the Pre-K teachers from Morrisonville Elementary School, help us purchase gifts for the youngest students who may go without a gift this Christmas. Tags listing a child’s wish are located at our branch. We ask that you return the gift wrapped by December 17. Give us a call at (518) 562-1785 to learn how you can help.

Keene: We are collecting warm clothing for local children and senior citizens in need, working in conjunction with local churches and the Keene Valley Neighborhood House. To help: give us a call at (518) 576-9515 or stop by to pick up an angel or mitten tag, which will give details about the person’s size. Gifts need to be returned to the branch by December 10 and can be either wrapped or unwrapped with the tag attached.

Lake Placid/Saranac Lake: We are collecting toys and personal care items for the North Elba Community Christmas Fund. Tags listing a local child’s Christmas gift wishes will be located in those two branches. Please return the unwrapped gift to either the Lake Placid or Saranac Lake branch by December 13. Any personal care items (like socks, undergarments, toothbrushes, hairbrushes, etc.) that you’d like to donate will be accepted in a box at either branch. If you need more details about the Christmas Fund, you can call (518) 523-7070 or (518) 304-5200.

Elizabethtown: Continuing a long-standing tradition and partnership with Adirondack Community Action Program, our branch will once again be a drop off location for ACAP’s Holidays are for Sharing Toy Drive. In particular, we are asking the community to help us find items for older children (like hats, gloves, basketballs, footballs, lotion and body wash sets, makeup, ear buds, etc.) New and unwrapped items can be dropped off into a large collection bin inside our lobby any time during business hours. The deadline is December 15. Please call the branch at (518) 873-6347 with any questions.

Willsboro: We are collecting food for the Willsboro Food Pantry to help keep their shelves full during the holiday season. Any non-perishable food can be dropped off in the box located in the lobby during business hours. For any questions, please call (518) 963-4201.

Crown Point: We are holding a food drive for the Crown Point Food Pantry. Any non-perishable food can be dropped off to a collection box in the branch lobby during business hours. To learn more or to help, please call (518) 983-3322.

"Employees of Champlain National Bank are always looking for ways to give back to their communities, and Project We Care has become our signature annual event that allows us to directly take care of some of the most vulnerable people in our area. The holidays can be especially difficult for people in need, so we hope our Project We Care initiatives help make the season a little easier and brighter for our neighbors," said Jackie Hallock, Director of Marketing. "It's important to us that everything we collect goes to families in need in the North Country and Adirondacks."

Project We Care and Champlain National Bank



Six Facts About Conservationist Peter Paine

November 1, 2021

The Adirondack Explorer Magazine had a great piece about our Board Chairman Peter Paine, Jr., that features his family’s history of leading Champlain National Bank, and how one of the most beloved spots in Willsboro came to be.

Adirondack Explorer

6 Facts About Conservationist Peter Paine

Peter Paine standing in a field near his home.
Photo by Mike Lynch for Adirondack Explorer Magazine



Recognizing the Family Behind Champlain National Bank

October 30, 2021

Thanks to the Press Republican for the great article on the history of Champlain National Bank in Essex and Clinton Counties and the family who has kept (and continues to keep) the Bank a strong player in the community.

Press Republican

Carrying the Torch Forward

By McKenzie Delisle

WILLSBORO — It would have been difficult for Augustus G. Paine Jr. to envision what his tiny neighborhood bank would become a century into the future, grandson Peter S. Paine Jr. says.

'BE VERY PLEASED'

Peter Jr.’s grandfather moved to the North Country in the 1880s to manage Willsboro’s pulp mill and, believing “there needed to be a bank in town,” founded Essex County National Bank in 1921.

The bank merged with Lake Champlain National Bank of Westport, about 15 miles south, to become Champlain National Bank in 1959, more than a decade after Augustus’ death.

Today, the bank has 10 locations, 70 full-time employees and approximately $450 million in assets.

“I think he (Augustus) would be proud of the fact that we continued to be independent, invest in our communities, that the headquarters is based in Willsboro and that we’re following a tradition of concern for this community,” Peter Jr. said of his grandfather.

“I think he’d be very pleased with the way things are.”

PRIDE AND RESPONSIBILITY

Peter Jr., born in 1935, grew up around the family business and began working there first as a teller when a late teen.

He remembers old-school machines making a “kachunk” noise and a bank so small he had trouble finding a level surface for his coffee percolator.

“I liked the idea of having coffee...the only level place you could put it was on top of the toilet,” Peter Jr. said with a laugh.

Looking back, Peter Jr. admitted his young self had felt a certain pride when it came to his family’s Willsboro ties, including the bank, but also the Paine Memorial Library, the golf course and other staples.

“And definitely a responsibility to carry this tradition forward,” he added.

SAVING THE BANK

Peter Jr. recalled the story of when his grandfather Augustus saved the bank, and likely Willsboro itself, during the Great Depression.

“The bank had invested in $200,000 worth of bonds that turned out to be worthless,” he said. “Grandfather advanced his own money to the bank to keep it solid."

Noting this was not something the head of a bank could do in today's world, Peter Jr. thought, "It’s a wonderful heritage.”

NAVIGATING TODAY

Peter Jr., who has served as board chairman for about 35 years, recently celebrated his 50th year as a Champlain National Bank director.

The bank business has drastically changed since his teen years as a teller, he said, noting technology was now the “lifeblood” of all financial institutions.

The chairman thought the biggest obstacle he helped the bank overcome during his tenure, however, was the 1992 decision to branch out of Essex County and open a downtown Plattsburgh bank in Clinton County, a decision supported by fellow longtime directors Roderic Giltz and John Perley.

“We had excess deposits here that we really couldn’t put to work lending in Essex County, because it was very much smaller and Plattsburgh was the commercial center of this particular area,” Peter Jr. said.

“That was, I think, absolutely the right decision.”

Other Clinton County branches soon after appeared, including Champlain in 1996 and West Plattsburgh in 1999.

CARRY THE TORCH

Looking ahead, Peter Jr. believes the bank will continue on its current trajectory by "keeping the bank healthy, attracting quality people to work and plowing money back into the business so that it can continue to grow and serve the community.”

And he saw the Paine family furthering its already century-long legacy.

Peter Jr. is the third generation chairman and expects is son Peter S. Paine III, current co-vice chairman, to become the fourth. His son Alex also serves as a director and the current chairman expects some of his grandkids to join the board "in due time."

“Carrying the torch forward into another generation,” he said. "We’ve taken a long term view. We’re not for sale, we’re not interested in selling the bank. We have, as a result, had a period of steady growth over the years.

“So, keep doing what we’re currently doing and doing it well and doing it efficiently.”

Interior of Old Bank with Employees Working
A look inside Essex County National Bank in Willsboro in 1956. The bank soon after merged with another to become Champlain National Bank. Peter S. Paine Jr., now 86 years old and the Bank’s current Board Chairman, sits on the left, wearing glasses and working as a young man during his school years. Also pictured is John Ball, Ann Smith and Rita Farrell.

Photo from the 1920s of the Exterior of First Willsboro Bank
Willsboro in 1923. Pictured is the original building of Essex County National Bank. That bank later merged with Lake Champlain National Bank in Westport to become the Champlain National Bank known today. When the bank outgrew this building, in 1972, it built its new headquarters in Willsboro, where it is still headquartered today. The original building is now the Willsboro Historical Museum.

Peter Paine, Jr., Peter Paine IV, Peter Paine III
Peter Paine Jr. (left) stand next to his grandson Peter Paine IV and his son Peter Paine III. The photo was taken following Peter IV’s graduation from Princeton University, where all three Peters graduated. Peter Jr. is the current Chairman of Champlain National Bank and expects his son will succeed him and his grandson will become a Director.



Employee Promotions Announced - October 2021

October 19, 2021

Steven Cacchio, President and CEO of Champlain National Bank, is pleased to announce the following employees have been promoted:

Taylor Sousa to Commercial Lender. Taylor joined Champlain National Bank in 2019 as a Credit Analyst in the Commercial Loan Department. She graduated from SUNY Plattsburgh with a BS in Finance and Economics. Taylor lives with her husband, Kevin, and their dog Milo in Rouses Point.

Taylor Sousa headshot
Taylor Sousa

Ralitsa Livermore to Branch Manager of both Elizabethtown and Westport branches. She started with Champlain National Bank in 2017 as a Teller, and was quickly promoted to Vault Teller. In 2020 she was promoted to Elizabethtown Assistant Branch Manager. Ralitsa came to the Bank with international experience in client service, having worked in the travel and hotel industries with Marriott hotels in San Diego, California. She holds a BS from the University of Economics in Varna, Bulgaria in Business Management. Ralitsa enjoys spending time with family, pets, traveling with her husband, staying active for herself, and within her community.

Ralitsa Livermore headshot
Ralitsa Livermore

Kurri Westover to Westport Office Supervisor. Kurri started working for the Bank in 2019 at the Elizabethtown branch. She likes attending local live music and going camping with her family in her free time.

Kurri Westover Portrait
Kurri Westover



President and CEO Interview on Going Places With Ernie

August 18, 2021

Hear what our President and CEO Steven Cacchio had to say on topics ranging from the Paycheck Protection Program to cryptocurrency on a recent episode of Going Places with Ernie.

Audio Button that Says Play

Steven Cacchio and Ernie Galarza Speaking into a Microphone
Steven Cacchio and Ernie Galarza



Champlain National Bank Awards $4,000 in Scholarships to 2021 Graduates

July 2, 2021

Champlain National Bank gave $4,000 in scholarship money to graduating seniors throughout Essex, Clinton and Franklin Counties at graduation ceremonies in June. Recipients of the Champlain National Bank Scholarship receive $500 towards college expenses. Champlain National Bank Scholarships are awarded every year at graduation to students from school districts within the three counties who will be attending college in the fall.

Winners

Willsboro Central School: Nicholas Reithel, son of Drew and Ramelie Reithel from Willsboro. Attending SUNY Plattsburgh to study Business.

Boquet Valley Central School: Kaleb Pettit, son of James and Ayra Pettit from Westport. Attending Le Moyne College to study Marketing and Business.

Crown Point Central School: Thomas Woods, son of Steven Woods and the late Kathleen Woods from Crown Point. Attending St. Lawrence University to study Business in the Liberal Arts.

Keene Central School: Sebastian Smith, son of Mark Smith and Lisa Jo Pepper Smith from Keene. Attending North Country Community College to study Sports Management.

Plattsburgh Central School: Xavier Powell, grandson of Robin Gebo from Plattsburgh. Attending SUNY Albany to study Business Administration.

Northeastern Clinton Central School: Deren Purisic, son of Marina Prascevic from Rouses Point. Attending SUNY Plattsburgh to study Economics.

Lake Placid Central School: Matthew Brandes, son of Brian and Alicia Brandes from Lake Placid. Attending SUNY Adirondack to study Business.

Saranac Lake Central School: Micah McCulley, son of Bruce and Zoe McCulley from Vermontville. Attending SUNY Geneseo to study Economics and Music.

High School Scholarship piggy bank



Meet Mr. Bankus, Our Loveable Piggy Bank Balloon!

May 3, 2021

Check out the story behind our piggy bank balloon: Mr. Bankus!

Inflatable Mascot Mixes Finance and Fun

Mr Bankus big piggy bank
Amanda Grant, Tracy LaBombard, Melissa LaMotte, Jordan McKiernan, Medara Sherman holding Wesley Seiden



Employee Promotions Announced - April 2021

April 9, 2021

Steven Cacchio, President and CEO of Champlain National Bank, is pleased to announce the following employees have been promoted:

Medara Sherman to Security and Branch Operations Officer. She is also a Mortgage Loan Specialist. Medara joined the Bank in 2013 as a Manager. Previously she worked in Management for Ruby Tuesday, and for her family-owned business: Champlain Valley Milling. She holds a BA in Psychology from Siena College. Her community involvement includes spearheading the Bank’s Project Wee Care, serving on Boards for the Westport Heritage House, Chamber of Commerce, and the Westport Federated Church. Medara has three children, one grandson, and lives with her husband in Westport. She enjoys camping, horseback riding, and is remodeling an old house.

Medara Sherman headshot
Medara Sherman

Jordan McKiernan to Crown Point Assistant Branch Manager. Jordan started working for Champlain National Bank in 2017 and holds an A.S. from Hudson Valley Community College in Criminal Justice. She enjoys spending time with her family and being outdoors.

Jordan McKiernan headshot
Jordan McKiernan



Historically Low Interest Rates: This May be Time to Refinance

March 5, 2021

With interest rates at historic lows, this could be a great time to refinance your existing mortgage. Depending on your goals, a refinance can lower your monthly payment, lower your interest rate, and/or shorten the term of your loan, which will save you money and help you pay off your loan faster.

Another popular refinance option is a cash-out refinance, which allows you to tap into your home’s equity, while maintaining only one mortgage. This is a great choice to tackle some of those home improvement projects you’ve been planning while being at home during the past year.

Champlain National Bank offers a variety of mortgage choices to meet your needs. Our team understands the unique housing needs of people living in the Adirondacks and North Country, and looks at every situation differently.

If you’d like to speak with someone about whether a refinance makes sense for you, give us a call. Our Mortgage Loan Specialists will take a look at your situation and help you determine the best course of action. Your current loan doesn’t have to be with Champlain National Bank for us to work with you on a refinance.

House made of dollar bills



Helping Local Businesses with Second Round of PPP Loans

February 4, 2021

Champlain National Bank is once again providing local businesses with assistance in applying for the Second Draw of the Small Business Administration (SBA) Paycheck Protection Program (PPP). Narrower in scope than the first round of PPP loans, the Second Draw’s eligibility includes the requirement to show at least a 25% revenue reduction in any calendar quarter in 2020 compared to 2019. These loans are designed to supplement lost business income due to the Coronavirus pandemic, and may be forgiven up to the full principal amount by the SBA.

Any business is welcome to apply at Champlain National Bank, regardless of where they received their initial PPP funding.

“We have started to accept applications for the second round of PPP funding and our team is happy to help eligible businesses through the process,” said President and CEO Steven Cacchio. “Getting these needed funds into our community is crucial to many local businesses.”

Interested businesses will be able to apply online and should contact the Bank at (518) 562-1776 to receive a link to the application.

Specifics of the program can be found on the Small Business Administration’s website: https://www.sba.gov/ or the Department of the Treasury’s website: https://home.treasury.gov/

Local news coverage on how we're helping businesses apply for the PPP.

Mountain Lake PBS

Steven Cacchio Extended Interview

Mountain Lake PBS

PPP Provides Loans to Businesses Hurt By Pandemic

The Sun

Second Round of PPP Open to Struggling Businesses

WCAX

Businesses Taking Advantage of 2nd Round of PPP

Woman Looking at Computer PPP Loan Application



Local Photographer's Photo Selected for Champlain National Bank Calendar Cover

January 28, 2021

Port Henry native Ann Marie Manning’s photograph of a sunrise over Lake Champlain was selected to be the cover of the Champlain National Bank 2021 Calendar. The picture was taken from the Port Henry Boat Dock and features the Champlain Bridge in the distance.

Ann Marie said she travels extensively, but the prettiest sunrises and sunsets she’s seen are right in her backyard. “I like to grab a coffee at Stewarts in Port Henry and then head to the Boat Dock to take pictures. The day I took the picture that I submitted to the Contest, the sunrise was so amazing, I could have pointed my camera in any direction and taken a wonderful shot.”

The annual Calendar Photo Contest, which began in 2015, started small but now receives nearly 200 submissions. Photographs are submitted in the fall to the photo contest held on Facebook.

VP and Marketing Director Jackie Hallock explained, “We used to purchase scenic calendars that featured pictures taken across the country. I just thought that we could do better. We live in one of the most beautiful places on earth, and I thought offering a calendar featuring pictures taken around here by local people made the most sense.”

“We hear from many people how much they look forward to submitting a photo to our contest or to see all the amazing pictures and vote for their favorites,” said Hallock. “We’re proud that it’s also given a place for local budding photographers to showcase their work.”

Calendars are available by visiting any Champlain National Bank branch and feature 12 other photographs taken in the North Country and Adirondacks.

Thanks to The Sun for the great article about Ann Marie!

The Sun

Woman Shoots Winning Photo in Calendar Contest

Ann Marie Manning sitting in park
Ann Marie Manning holding a calendar in the spot she took her winning photograph