PCSB Bank Celebrates 150th Anniversary

PCSB Bank, founded in 1871, is celebrating its 150th anniversary of providing full-service banking to communities throughout the Lower Hudson Valley.

From its first location in Brewster’s general store to its expansion to four counties, PCSB Bank has continually met the evolving demands of the Lower Hudson Valley’s population and business growth. The bank quickly developed a reputation for understanding local communities and truly caring about the people it serves—a value that remains steadfast to this day. It has attained stature as a leading financial institution with branch offices in Westchester, Putnam, Dutchess and Rockland Counties.

“We are proud to commemorate our 150-year tradition of offering the highest level of customized banking services that help families and businesses prosper,” said Joseph D. Roberto, chairman, president & CEO of PCSB Bank. “Our commitment to diversity, access and inclusion for everyone in the communities we serve reflects our core mission: treating customers as caring neighbors and business partners.”

Under the leadership of Mr. Roberto since 2012, PCSB Bank has made a number of notable expansions and adaptations to serve its burgeoning clientele. In 2015, the bank changed its name from Putnam County Savings Bank to PCSB Bank, following its acquisition of CMS Bancorp. This evolution served as a platform for PCSB’s deeper expansion into the Westchester market, meeting the need for a customer-driven bank in the county. The bank also moved its headquarters from Brewster to Yorktown Heights that year.

During 2017, PCSB completed a conversion from a mutual savings to a stock savings bank. The bank’s charter changed from a mutual to a commercial bank in 2019, allowing it to serve municipalities and a wide range of businesses even more effectively. PCSB’s optimal size and structure well position the bank to meet demand with a high degree of flexibility and responsiveness in its consumer and commercial lending options.

PCSB Bank is known for its philanthropic contributions as well as its business acumen. In keeping with a recognized tradition of charity and community service, the PCSB Bank Community Foundation, founded in 2017, identifies and provides donations to nonprofit organizations in the region that align with the bank’s core values. PCSB employees and their families also participate in a host of fundraising events each year.

Mr. Roberto concluded, “Our Foundation and community involvement, along with our understanding of our customers and their hometowns, reflect our unique standing as ‘The Incredibly Neighborly Commercial Bank.’ While our footprint has greatly expanded, our values remain true to our original mission—a testament to the strength and stability of our institution as well as the unwavering dedication of our employees. We truly appreciate their efforts.”

About PCSB Bank
PCSB Bank (www.pcsb.com), a New York-chartered stock commercial bank, has served the banking needs of its customers in the Lower Hudson Valley of New York State since 1871. It operates from its executive offices/headquarters and 15 branch offices located throughout Dutchess, Putnam, Rockland and Westchester Counties in New York.