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Henry Wells, of Wells College and Wells Fargo fame, was one of the founders the First National Bank of Aurora in 1864. In 1960 the Bank opened a branch office in Union Springs. In an effort to prevent invasion by a competitor, in 1976 the bank changed the main office from Aurora to Union Springs. It also changed its name from the First National Bank of Aurora to Cayuga Lake National Bank. This move provided home-office protection and preserved the Bank's competition borders. The two branches continue to provide their hallmark community service, which is nearly unique within the banking industry. In 1988 the Board of Directors established a holding company, the Cayuga Lake Bank Corporation. Cayuga Lake National Bank is the sole subsidiary of the holding company. This structure positions the Bank for future growth and development. Operational during three centuries, the Bank has demonstrated 140 years of progressive growth. During the past 10 years, the bank's assets have almost doubled, growing from $40 million in assets to more than $80 million. The banking industry has faced extreme challenges in recent years. The wave of technology and downsizing has curtailed the personal touch and accessibility to "real people." Fortunately, these changes have strengthened the Bank's position. Bank employees are able to provide the hometown service that promotes community banking. This key asset of the Bank shows in the number of years its employees have served the community. Management has dedicated over 140 years of experience. Exemplary efforts by the Board of Directors have guided the institution toward the future. A conservative agenda caters to providing community service. Cayuga Lake National Bank is committed to maintaining a community bank image, and providing the technology to serve those who wish to maintain a banking relationship unhampered by geographic barriers.
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