Champlain National Bank

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Champlain National Bank
7558 Court Street
Elizabethtown, NY 12932
P: 518-873-6347
F: 518-873-6510

Champlain Bank Corporation is the holding company parent of Champlain National Bank. The Bank itself was formed in 1959 as the result of the merger between Lake Champlain National Bank in Westport and Essex County National Bank in Willsboro. Lake Champlain National Bank dates from 1909, and Essex County National Bank commenced business in 1923. Additional offices of the combined bank were opened in Elizabethtown in 1961, Crown Point in 1973, Keene in 1987, Plattsburgh in 1992 and 1999, Champlain in 1996, and Lake Placid in 2006. Thus, the present bank has a long history of service to the people of Essex and Clinton Counties.

In 1986 the Bank became a wholly owned subsidiary of Champlain Bank Corporation, which is owned by the former shareholders of the Bank. Most of the shareholders have close ties to the Bank's service area, and the Bank thus remains the only independent, community owned financial institution in its service area.

Mortgages
Fixed Rate Mortgage
If you plan on keeping your home for a long time, or don’t think your income will change much, then a fixed rate mortgage is the choice for you. With this mortgage, the interest rate is always the same so you always know exactly how much you need to pay each month. We can even set up an escrow account to pay your property taxes and insurance. This is a great way to keep your financial planning and budgeting simple.

Adjustable Rate Mortgage
If you don’t think you’ll keep your mortgage very long, or you expect your income to increase over time, then this may be what you’re looking for. With an adjustable rate mortgage, your initial rate is lower than a fixed rate mortgage. This increases your price range and gives you more choices. Your interest rate adjusts at predetermined intervals so it can increase or decrease depending on the current rate.

Construction Loan
If you prefer to build a new home, we offer fixed rate construction loans to help you get your dream off the ground. These short-term loans allow you to use the money as you need it, and when your home is completed it automatically switches over to long term financing.

© 2007 Champlain National Bank