Pioneer Bank Raises $40,000 During the Pioneer Bank Foundation’s Second Annual Grand Carnival

9.7.2019

Colonie, New York — Pioneer Bank President and CEO Tom Amell took to the stage at the Pioneer Bank Foundation Grand Carnival yesterday to announce the Foundation raised a total of $40,000 to fund its initiatives, between sponsorships, donations and tickets sold.

Approximately 1,300 were in attendance at the Second Annual Grand Carnival, and 100% of the proceeds from the event were donated to the Pioneer Bank Foundation, a nonprofit entity dedicated to supporting charitable organizations in the Capital Region that provide important services to children and their families related to education, nutrition, clothing, and housing. By addressing such issues, the Foundation helps "Kids Be Kids.”

"We couldn't be more pleased that this event was so successful for the second year in a row,” said Pioneer Bank President and CEO Tom Amell. "The Pioneer Bank Foundation was formed with the goal of making a meaningful difference in the lives of children. We were all heartened by the generosity displayed this year, as well as the fact so many members of the Pioneer Bank family chose to donate their time to volunteer and make this event possible.”

Last year's Grand Carnival attracted about 800 attendees, who raised $10,000 for the Pioneer Bank Foundation. Additionally, Pioneer Bank CEO Thomas Amell announced a $250,000 donation to the Foundation from Pioneer Bank during the event.

The Pioneer Bank Foundation also recently received an infusion of funding by way of an initial stock offering for Pioneer Bancorp, the newly-established holding company for Pioneer Bank. Pioneer Bancorp contributed 519,554 shares of common stock and $250,000 in cash to the Foundation.

Attendees of the Grand Carnival, which was held at Pioneer Plaza in Colonie, enjoyed carnival games, face painting, balloon animals, magic shows, caricatures, food and more. Over the course of the day, hundreds of burgers, hot dogs and cookies were served up by 150 Pioneer Bank volunteers.

For more information on Pioneer and its charitable giving, please visit www.pioneerny.com/community.

About Pioneer — As a leading financial institution in New York's Capital Region, Pioneer has more than $1 billion in assets and operates 22 branches locally. Recognized as a "Best Places to Work” by the Albany Business Review six years running, Pioneer delivers a world-class working environment for its employees and is continually evolving to meet the needs of its customers by offering new products, services and leading technologies. Pioneer has earned a Five Star rating from Bauer Financial Inc. each quarter for more than a quarter-century – something only 5 percent of U.S. banks can claim. Pioneer is committed to giving back to the communities in which it serves through the Pioneer Bank Foundation, which provides resources to nonprofit organizations that help improve the quality of life for children in the Capital Region. For more information on Pioneer, please visit www.pioneerny.com.