Pioneer Bancorp, Inc.
NASDAQ Capital MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Thomas L. Amell
- Full Time Employees
- 268
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 652 Albany Shaker Road Albany NY United States of America 12211
- IPO Date
- Jul 18, 2019
- CIK
- 0001769663
- Website
- pioneerny.com
- Similar Companies
- Business
- Pioneer Bancorp, Inc. operates as a bank holding company headquartered in Albany, New York, primarily through its subsidiary Pioneer Savings Bank. Founded in 1854, the company provides a broad array of financial products and services including various deposit products such as demand, savings, money market accounts, and certificates of deposit. It offers a diversified lending portfolio with commercial real estate loans, commercial and industrial loans, commercial construction loans, residential mortgage loans, consumer loans, and home equity lines of credit. Additionally, the company delivers personal and commercial insurance products including homeowners, automobile, business insurance, and employee benefit products like group health, dental, disability, and life insurance, as well as defined contribution and benefit administration. Its services extend to wealth management and consulting through subsidiaries and partnerships in the Hudson Valley Region of New York. Recent significant developments include the expected completion of the merger with Pioneer Commercial Bank effective October 1, 2024, which enables the company to offer full municipal deposit banking services directly. Pioneer Bancorp also completed the acquisition of assets from Hudson Financial LLC to expand its wealth management services. The company has reallocated its balance sheet by selling $74.5 million in lower-yielding available-for-sale securities to invest in higher-yielding assets starting in early 2024, aiming to improve income metrics. On May 21, 2024, Pioneer Bancorp announced a stock repurchase program allowing for the repurchase of up to approximately 5% of its outstanding common stock, marking its first buyback since its mutual holding company reorganization. In 2025, the company launched human resources consulting services, further diversifying its service offerings. It operates primarily in New York's Capital Region, serving retail, commercial, and municipal clients. Pioneer Bancorp targets small- to medium-sized businesses with commercial lending products that typically range from $500,000 to $10 million and maintains a focus on client relationship development and expanding deposit bases. Its geographic operations are concentrated primarily in New York State. The company's recent strategic initiatives aim to strengthen capital, liquidity, and operational efficiency while enhancing its product and service delivery across banking, insurance, and wealth management segments. It is listed on NASDAQ under the ticker PBFS.
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