Pioneer Bank has taken a new step bringing its headquarters to the Town of Colonie.
More than 100 employees moved into the bank’s new $15 million headquarters this month. The building stands at the corner of one of the busiest intersections in the Albany area — Wolf and Albany Shaker roads — with more than 60,000 cars passing by each day.
Pioneer Bank’s new $15 million headquarters stands at the corner of one of the busiest intersections.
Pioneer is capitalizing on that opportunity to reach the tens of thousands of people with its digital sign, purchased from Saxton Sign of Albany, wrapped around half of that building. It can be seen from the Northway.
The four-story, 60,000-square-foot headquarters includes floor-to-ceiling windows, open floor plans, a 24/7 fitness room, a kitchen area where employees can congregate and a conference room that Pioneer plans to let community organizations use.
Pioneer Bank is also bringing training back in-house with a program and dedicated room called Imagine University.
The bank celebrated the new headquarters at an open house attended by employees and businesspeople on Thursday.
Pioneer will be the largest tenant in the new Pioneer Plaza, which will face Wolf Road and also be visible from the Northway. A new retail branch with a drive-thru will take up 3,000 square feet of the building. Other tenants include a pediatric dentist and a to-be-determined retailer.
Construction started on the new headquarters in March. The property is being developed by First Columbia, one of the region’s largest real estate developers. Contractors include Bette & Cring and Greco Construction. The architect is CS Arch. TAG Solutions did the Wi-Fi for the building.
The investment is a big step for Pioneer, which is moving from downtown Troy where it was founded 130 years ago. The bank’s 140 employees were previously spread out over three buildings in downtown Troy. Pioneer will keep its branch at 21 Second St. in Troy.
It is the latest move for the bank that has been expanding aggressively in the Albany area.