Name change: Walden Federal to become Hometown Bank

Walden - Beginning Sept. 12, Walden Federal Savings and Loan Association will answer to a friendlier, small-town name: Hometown Bank of the Hudson Valley. The name change positions the bank as a local bank to not only set it apart from the large national and regional banks that dominate the Hudson Valley market but also to reflect the bank’s recent growth into communities outside the Walden area. “As Hometown Bank of the Hudson Valley, we’ll be able to position ourselves as the local hometown bank that puts customer satisfaction first, offering all the financial products of a big bank, but providing the kind of service that customers deserve,” said Thomas F. Gibney, bank president and chief executive officer. The bank remains the same company with no change in ownership, management, directors or form of organization and will continue to use the same phone numbers and mailing address. Customers do not need to take any action as a result of the name change. The change in the bank’s name will not have an impact on customer accounts. Account numbers will remain the same and existing debit cards and checks will continue to be processed normally and will automatically be converted to the new Hometown Bank name upon reorder. “This is a change in legal name only, with no other change to the bank,” Gibney said. “Our goal is to clearly communicate to the communities we serve that we are a local bank offering a full range of quality banking and financial products, not just savings and loans." Established in 1919, the bank is a community-oriented financial institution headquartered in Walden with six branches in the Hudson Valley, including two in Monroe. For more information, call 845-778-2171 or visit www.waldenfederal.com.