Business View Magazine | April/May 2022

141 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 4 Alden State Bank Investing in innovation F ounded in 1916, Alden State Bank was established to meet the financial needs of the community of Alden, which was experiencing dramatic growth at the time. Much of this growth was due to the Black Water Baths, which were drawing people from all over Western New York. Travellers were arriving in the area to soak in this famous black mineral water, which was said to offer relief from a variety of ailments. Many businesses were developed to support this influx of visitors to the community and Alden State Bank was there to support these local enterprises. For more than a century the bank has continued to serve and grow alongside its communities, relocating, and expanding along the way. Today, Alden State Bank has three branches, employs 70 people, and reports assets of approximately $440 million. The bank operated solely out of the Alden branch until a second location in