Financial Snapshot
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About Pioneer Bancorp Inc
Pioneer Bancorp, Inc. is a two-tier mutual holding company for Pioneer Bank, which engages in lending activity originating commercial real estate loans, commercial and industrial loans, commercial construction loans and home equity loans, and lines of credit. The company is headquartered in Albany, New York and currently employs 243 full-time employees. The company went IPO on 2019-07-18. The Bank operates approximately 22 retail banking offices in Albany, Greene, Rensselaer, Saratoga, Schenectady and Warren Counties in New York. The firm accepts deposits from the general public and municipalities and uses those funds along with advances from the Federal Home Loan Bank of New York and funds generated from operations to originate commercial real estate loans, commercial and industrial loans, commercial construction loans and home equity loans and lines of credit and, to a lesser extent, consumer loans. The company also invests in securities, which consist primarily of U.S. Government and agency obligations, municipal obligations and Federal Home Loan Bank of New York stock. The company also offers a variety of deposit accounts, including demand accounts, savings accounts, money market accounts and certificate of deposit accounts.
Industry: Savings Institutions, Not Federally Chartered Peers: Blue Foundry Bancorp FS Bancorp Inc Home Bancorp Inc Home Point Capital Inc. Onity Group Inc Ponce Financial Group Inc Provident Bancorp, Inc. /MD/ Rocket Companies Inc Sterling Bancorp Inc Timberland Bancorp Inc