Pioneer Bancorp, Inc./MD

Pioneer Bancorp, Inc. is a holding company that operates Pioneer Bank, National Association, providing retail and commercial banking services primarily throughout New York. The company accepts deposits through demand, savings, and money market accounts as well as certificates of deposit. Its lending operations include commercial real estate, commercial and industrial, commercial construction, residential mortgage, and consumer loans, along with home equity products. The company also maintains an investment portfolio of U.S. Treasury securities, mortgage-backed securities, collateralized mortgage obligations, and investment-grade corporate debt.

Beyond traditional banking, Pioneer Bancorp generates revenue through insurance and wealth management operations. The insurance division offers personal and commercial coverage, including homeowners, automobile, and business policies. The company provides employee benefits consulting and administration services covering group health, dental, disability, and life insurance, along with defined contribution and benefit plan administration and human resources management services. Its wealth management segment offers investment advisory, retirement income planning, estate planning, business succession planning, and employer retirement plan services.

The company operates with approximately 269 full-time employees and maintains its headquarters in Albany, New York, serving customers in the regional market. Pioneer Bancorp was originally established in 1889 and is currently a subsidiary of Pioneer Bancorp MHC.