Higher interest rates are coming. What that means for Albany-area banks

1.27.2022

"Inflation is at its highest point in 40 years, the labor market is saturated and the Federal Reserve has signaled it will start to raise interest rates in March, with at least two more hikes expected this year.

So, what does that mean for lending at community banks after several years of extremely low interest rates?" Pioneer's CEO and President, Tom Amell sat down with Chelsea Diana from the Albany Business Review to share the potential effects of rising interest rates. Read the full story here.

Photo Credit: Donna Abbott-Vlahos, Albany Business Review