Community Reinvestment Act (CRA) rules and regulations require that Alden State Bank make available a Public File composed of the content posted below.
All content is made current as of April 1 each year. Please contact us at (716) 937-3381 should you have any questions.
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Written Comments
PUBLIC FILE COMMENTS
AS OF MARCH 31, 2024
The following comments have been received that specifically relate to the bank’s performance in helping to meet community credit needs for the current year or the prior two (2) calendar years:
2024: No comments received
2023: No comments received
2022: No comments received
CRA Performance Evaluation 9-30-22 DFS
The Alden State Bank CRA Performance Evaluation published by the Federal Reserve Bank of New York on 9-30-22 may be obtained by clicking here.
CRA Performance Evaluation 10-31-22 FRB
The Alden State Bank CRA Performance Evaluation published by the Federal Reserve Bank of New York on 9-30-22 may be obtained by clicking here.
List of Branches & Branches Opened or Closed
ALDEN STATE BANK BRANCHES
The main office of Alden State Bank is located at 13216 Broadway in the Village of Alden, Erie County, New York 14004 in Census Tract 149.01. The main office of the bank has been located in the Village of
Alden since 1916
The bank has two branches, as listed below:
- 5802 Broadway in the Town of Lancaster, Erie County, New York 14086 in Census Tract 142.04. The branch was opened at that location in 1995 and has remained there.
- 6545 Transit Rd. in the Town of Clarence, Erie County, New York 14051 in Census Tract 0146.04. The branch was opened at that location in 2021.
As of March 31, 2024: No branches were opened or closed by the bank during the current calendar year (2024). No branches were closed in the previous two calendar years (2023 and 2022).
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Services Offered at Alden State Bank Branches
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At Alden State Bank’s Alden Main Office
Address: 13216 Broadway, Alden, New York
Hours of Operation:
Monday – Wednesday 9:00am – 4:00pm
Thursday 9:00am – 4:30pm
Friday 9:00am – 6:00pm
Drive-thru teller opens at 8:00am Monday – Friday
Drive-thru ATM open 24 hours a day/7 days a week
Services Offered: The Alden office is the main office of the bank and a “full-service” branch
Loan Products Available:
- Residential mortgage loans
- Residential construction loans
- Home improvement loans
- Home equity loans
- Consumer installment loans (secured and unsecured)
- Consumer demand loans
- Small business loans and lines of credit
- Farm loans and lines of credit
- Commercial mortgage loans
- Commercial construction loans
- Loans to municipalities and
- Loans to non-for-profit organizations
Deposit Products Available:
- Handi Checking accounts
- Regular checking accounts
- Kasasa checking accounts
- Business checking accounts
- Kasasa savings accounts
- Passbook savings accounts
- Statement savings accounts
- Money fund savings accounts
- Certificate of deposit accounts
- Individual retirement accounts
- Health savings accounts (HSAs)
- Coverdell Educations savings accounts
- Christmas club accounts
- NOW accounts
Information on account requirements and fees relative to the above deposit products is available in the Deposit Account Product Guide, individual Truth in Savings disclosures and the Schedule of Service Charges and Fees.
There are no material differences in the availability or cost of services available at the main office and the Branch.
At Alden State Bank’s Clarence Branch
Address: 6545 Transit Road
East Amherst, NY 14051
Hours of Operation:
Monday – Wednesday 9:00am – 4:00pm
Thursday 9:00am – 4:30pm
Friday 9:00am – 6:00pm
Saturday 9:00am – 12 noon
Drive-thru teller opens at 8:00am Monday – Friday
Walk-up ATM open 24 hours a day/7 days a week
Services Offered: The Branch is a “full-service” branch offering all services available at the Bank’s main office
Loan Products Available:
- Residential mortgage loans
- Residential construction loans
- Home improvement loans
- Home equity loans
- Consumer installment loans (secured and unsecured)
- Consumer demand loans
- Small business loans and lines of credit
- Farm loans and lines of credit
- Commercial mortgage loans
- Commercial construction loans
- Loans to municipalities and
- Loans to non-for-profit organizations
Deposit Products Available:
- Handi Checking accounts
- Regular checking accounts
- Kasasa checking accounts
- Business checking accounts
- Kasasa savings accounts
- Passbook savings accounts
- Statement savings accounts
- Money fund savings accounts
- Certificate of deposit accounts
- Individual retirement accounts
- Health savings accounts (HSAs)
- Coverdell Educations savings accounts
- Christmas club accounts
- NOW accounts
Information on account requirements and fees relative to the above deposit products is available in the Deposit Account Product Guide, individual Truth in Savings disclosures and the Schedule of Service Charges and Fees.
There are no material differences in the availability or cost of services available at the main office and the Branch.
At Alden State Bank’s Lancaster Branch
Address: 5802 Broadway
Lancaster, NY 14086
Hours of Operation:
Monday – Wednesday 9:00am – 4:00pm
Thursday 9:00am – 4:30pm
Friday 9:00am – 6:00pm
Saturday 9:00am – 12 noon
Drive-thru teller opens at 8:00am Monday – Friday
Drive-thru ATM open 24 hours a day/7 days a week
Services Offered: The Branch is a “full-service” branch offering all services available at the Bank’s main office
Loan Products Available:
- Residential mortgage loans
- Residential construction loans
- Home improvement loans
- Home equity loans
- Consumer installment loans (secured and unsecured)
- Consumer demand loans
- Small business loans and lines of credit
- Farm loans and lines of credit
- Commercial mortgage loans
- Commercial construction loans
- Loans to municipalities and
- Loans to non-for-profit organizations
Deposit Products Available:
- Handi Checking accounts
- Regular checking accounts
- Kasasa checking accounts
- Business checking accounts
- Kasasa savings accounts
- Passbook savings accounts
- Statement savings accounts
- Money fund savings accounts
- Certificate of deposit accounts
- Individual retirement accounts
- Health savings accounts (HSAs)
- Coverdell Educations savings accounts
- Christmas club accounts
- NOW accounts
Information on account requirements and fees relative to the above deposit products is available in the Deposit Account Product Guide, individual Truth in Savings disclosures and the Schedule of Service Charges and Fees.
There are no material differences in the availability or cost of services available at the main office and the Branch.
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Assessment Map 2024
HMDA Disclosure Statement
Home Mortgage Disclosure Act Notice
The Alden State Bank’s 2023 HMDA data about our residential mortgage lending are available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. The Alden State Bank’s HMDA Disclosure Statement May be obtained on the Consumer Financial Protection Bureau (Bureau’s) web site at www.consumerfinance.gov/hmda.
LTD Ratio
Loan to Deposit Ratios
12/31/2023
| 3/31/2023 | 6/30/2023 | 9/30/2023 | 12/31/2023 | |
| LOANS (RC-4B) | $294,286,000 | $286,103,000 | $281,435,000 | $283,521,000 |
| DEPOSITS (RC-13A) | $373,235,000 | $352,733,000 | $350,633,000 | $354,030,000 |
| LTD RATIO | 78.83% | 81.11% | 80.26% | 80.08% |
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