Cayuga Lake National Bank, Financial Information

About Cayuga Lake National Bank

 Address:
165 Cayuga St
Union Springs, NY
Cayuga County, New York
 Established:
Jan 1864
 Number of domestic offices:
2
Total assets$197M
Net income$1M
Net income, quarterly$0M
Total deposits$175M
Domestic deposits$175M
Equity capital$21M
ROA0.74%
ROAQ, quarterly0.76%
ROA, pretax0.76%
ROAQ, quarterly, pretax0.68%
ROE8.24%
ROEQ, quarterly8.1%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Henry Wells, of Wells College and Wells Fargo fame, was one of the founders of the First National Bank of Aurora in 1864. In 1960, the Bank opened a branch office in Union Springs. The Union Springs office became the main office in 1976, and the name changed from First National Bank of Aurora to Cayuga Lake National Bank. Both locations continue to provide their hallmark community service, which is nearly unique within the banking industry today.

In 1988 the Board of Directors established a holding company, the Cayuga Lake Bank Corporation. Cayuga Lake National Bank is the sole subsidiary of the holding company. This structure positions the bank for future growth and development. Operational during three centuries, the Bank has demonstrated 149 years of progressive growth. The bank’s assets have grown to more than $100million.

Extreme economic challenges, along with the wave of technology and downsizing have curtailed the personal touch and accessibility to "real people" in the banking industry recently. Fortunately, these changes have strengthened CLNB’s position. Bank employees continue to provide the hometown service that promotes community banking while offering numerous leading technology trends.

Exemplary efforts by the Board of Directors have guided the institution toward the future. A conservative agenda caters to providing community service. Cayuga Lake National Bank is committed to maintaining a community bank image, and providing the technology to serve those who wish to maintain a banking relationship unhampered by geographic barriers.

Union Springs
165 Cayuga Street
Union Springs, NY 13160
Ph (315) 889-7358
Toll-Free 1-877-608-2562
Fax (315) 889-7351
BIL (315) 889-3503

Aurora
397 Main Street
Aurora, NY 13026
Ph (315) 364-8071
Fax (315) 364-6867