He said he hasn't had the building appraised yet and could not comment on the selling price. All other branches will remain open, giving customers a plethora of choices four in Oswego, two in Fulton, and one each in Pulaski and Mexico. As for layoffs, the presidents assured Oswego County Business that, while duties may change for some, no one will lose his or her job as a result of the merger. The county has a fairly high unemployment rate, compared to the nation, so we plan to achieve the merger with no layoffs. Together the new bank's employees will number over a hundred, placing the resulting entity within the top 40 employers in the county.
Talents fit nicely together without anyone being displaced.
He noted that the new bank will look to expand services and locations. As the bank offers new services and new technologies, bank employees will have the opportunity to train for those positions, he says. The new technologies are one of the reasons behind the merger. The increase in new technologies is one way customers will benefit by a merger, but there's an even greater one, according to Gagas. We will support them with a lot of money and with participation.