BALLSTON SPA BANCORP, INC.

Ballston Spa Bancorp, Inc. is a bank holding company for Ballston Spa National Bank (the Bank). The Bank is a full-service community commercial bank engaging in a full line of retail, commercial, residential and private-wealth services. It operates 21 full-service branches across Albany, Greene, Saratoga, and Schoharie Counties in New York State. It is engaged in offering a selection of deposit instruments, including non-interest-bearing demand deposits (such as checking accounts), interest-bearing demand accounts (such as NOW accounts), savings accounts, money market accounts and certificates of deposit. Its loan portfolio is segmented into residential real estate mortgages, commercial and consumer loans. Commercial loans consist of commercial real estate and other commercial loans. Consumer loans include home equity and junior liens, and other consumer loans. It offers wealth management solutions providing ongoing advice and supervision of the customer's assets and investments. Employees 142 Sector Banks