Pioneer Bank has solidified its commitment to the Capital Region by launching Pioneer Benefits Consulting, a new division born from the acquisition of Latham-based Capital Region Strategic Employee Benefit Services (SEBS). This strategic move, finalized recently, brings the expertise of SEBS, formerly a part of Northwestern Mutual-Latham, directly into the Pioneer Bank fold.
The newly formed Pioneer Benefits Consulting will operate from Pioneer Bank’s headquarters on Albany-Shaker Road, integrating five seasoned employee benefits professionals into its team. Leading this experienced group is Cristina Tronco, a recognized figure in the employee benefits sector with almost two decades of industry experience, including nine years with SEBS.
Tom Amell, President and CEO of Pioneer Bank, emphasized the significance of this expansion: “The launch of Pioneer Benefits Consulting underscores our bank’s ongoing strategic growth and strengthens our dedication to providing comprehensive solutions for both current and future clients within the greater Capital Region. Capital Region Strategic Employee Benefits Services has earned a strong reputation as a leader in the employee benefits industry, and we are thrilled to welcome their team’s extensive experience to Pioneer Bank.”
Capital Region Strategic Employee Benefit Services, known for its independent and locally focused approach within Northwestern Mutual’s Strategic Employee Benefits Services program, has been providing tailored employee benefit programs since 1993. Their offerings encompass a broad spectrum of services, including medical insurance and disability protection, delivered through the Northwestern Mutual Financial Network.
Cristina Tronco highlighted the seamless transition and continued service excellence for existing clients: “This acquisition presents a fantastic opportunity to build upon the legacy of excellence that Capital Region Strategic Employee Benefits Service has cultivated since 1993. SEBS clients can expect uninterrupted, consistent service; this transition will be smooth and beneficial for both our team and the clients we serve.”
This latest acquisition is a continuation of Pioneer Bank’s strategic growth trajectory. Following the acquisition of Anchor Agency Inc., an Albany insurance agency with over 50 years of regional experience, a year prior, Pioneer Bank is strategically assembling a robust suite of financial services. The Anchor Agency acquisition enabled Pioneer Bank to offer personal and commercial insurance, alongside group and individual benefits. Furthermore, the establishment of Pioneer Wealth Management, specializing in retirement, estate, and succession planning, further demonstrates Pioneer Bank’s commitment to comprehensive financial solutions in Latham and the wider Capital Region.
