Ballston Spa Bancorp CEO Employment Agreement Updated

Ballston Spa Bancorp, Inc. entered into an amended and restated employment agreement effective April 1, 2026 with Ballston Spa National Bank and Christopher R. Dowd.

The agreement replaces a prior employment arrangement dated January 1, 2021 and continues Dowd’s role as President and Chief Executive Officer of Ballston Spa Bancorp and the Bank. Under the terms, Dowd will serve under the boards of directors and devote full working time and attention to the employer’s business, subject to the agreement’s restrictions and allowances for personal investments.