Pioneer Bancorp in Albany, N.Y., has acquired Hudson Financial, an advisory firm in Hudson, N.Y.
The $1.8 billion-asset Pioneer said in a press release that Hudson has $225 million of assets under management. The price wasn’t disclosed.
“Pioneer is committed to providing a wide range of seamless, integrated products and services under one roof that enable people, families, and businesses to achieve their financial goals,” Pioneer President and CEO Tom Amell said in the release.
“The smart and sustained growth of Pioneer Wealth Management, enhanced by the addition of respected, successful and like-minded institution Hudson Financial, represents further momentum in our mission,” Amell added.
Hudson will retain its employees and office. It will operate under its own brand as a division of Pioneer Wealth Management.