Sawyer Savings Bank (FDIC certificate 16039) was established in 1871 and operates through 3 branch offices located in NY. Mr. Gabriel F. Sottile, President of Sawyer Savings Bank, leads a team of 44 employees.
Sawyer Savings Bank, headquartered in Saugerties, NY, is rated five stars for financial strength by BauerFinancial, Inc., the nation’s leading bank rating firm. As a general rule, a five star rating indicates, among other things, that Sawyer Savings Bank has at least twice the capital that regulators require, is profitable (or operating with a very small loss) and has kept its delinquent loans in check.
Sawyer Savings Bank is a state chartered savings bank. With $221 million in total assets, the FDIC classifies the bank’s asset concentration as "Mortgage Lenders" which is defined as institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets.
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