UTICA — Adirondack Bank has announced the appointment of Executive Vice President John F. Buffa as the company’s chief lending officer, effective Wednesday, Sept. 1. Buffa has 34 years of experience as a commercial lender and business development officer in the greater Utica/Rome area, including five years as Mohawk Valley regional president for NBT Bank before joining Adirondack Bank in September 2019.
“John has served as our chief credit officer since he joined the bank, and he did a great job in addressing a short-term need that we had to streamline and enhance the operations of our credit administration function,” said Rocco F. Arcuri, Adirondack Bank president and CEO. “In his new role as chief lending officer, John will put his commercial lending and business development experience and his strong ties to the Mohawk Valley business community to work coordinating the activities of our commercial lending division. He will also oversee the development of a bank-wide sales and business development program. I am excited at the opportunity Adirondack has in expanding our commercial lending business and bank-wide sales programs under John’s leadership”
The bank also announced that Kenneth J. Finegan, senior vice president, will assume the responsibility for developing a small business lending division for the bank. Arcuri said, “Ken has been instrumental in building Adirondack’s commercial lending business during his 29 years with the Bank, and he will continue in this role. Ken also led the Bank’s Paycheck Protection Program initiative, in which the bank originated nearly 1,400 PPP loans aggregating $119 million.”
“With this added responsibility, Ken will be leveraging his experience and connections to the local business community to lead the bank’s newly created small business lending division to meet the credit needs of small businesses in our market areas of the Mohawk Valley and Central and Northern New York,” Arcuri added.
Adirondack also announced the promotion of Elizabeth A. Pellegrino to senior vice president and chief credit officer. Pellegrino joined Adirondack in February 2020 and since September 2020 has been senior vice president of credit administration.
“Beth is a seasoned, well-rounded commercial credit professional with over 25 years of commercial lending, commercial loan administration and loan workout experience,” said Arcuri. “She’s been a great addition to our credit administration group, and I am looking forward to Beth’s continuing contributions to the success of Adirondack Bank as its chief credit officer.”
Adirondack Bank is a locally owned and operated full-service community bank with $1.05 billion in assets as of June 30, 2021. Headquartered in Utica, Adirondack has 19 locations serving Upstate New York.