Tioga State Bank celebrates

By WBNG

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    Tioga State Bank planted a tree at Recreation Park in Binghamton.

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April 29, 2013 Updated Nov 25, 2013 at 6:14 PM EST

Vestal, NY (WBNG Binghamton) Locally owned Tioga State Bank put down roots in Broome County 10 years ago and will celebrate by planting trees near its offices.

"Next year we celebrate our 150th Anniversary. We've been around forever. We have no plans of changing," said Robert Fisher, President and CEO.

Fisher is the fifth generation of the family run Tioga State Bank.

"The banking landscape has changed dramatically over the last few decades," Fisher said. "Nationwide, we've seen the number of banks reduced from nearly 14,000 twenty years ago to just under 7,000 banks today. Many of us have seen the name of our hometown banks change, sometimes even multiple times."

Tioga State Bank opened its first Broome County branch on the Vestal Parkway in 2003. Within two years it opened three more.

During the anniversary celebration at the Vestal office, Fisher said community banking is about relationships with customers.

"Community banking also helps to keep the local economy vibrant. We take local deposits and reinvest those dollars locally. The money is reinvested in mortgages, businesses and even municipalities."

Fisher will be available to meet with the public from 11 a.m. to 2 p.m. at the Upper Front Street office on April 30, Conklin Avenue office on May 1 and the Endwell office on May 2.