SARATOGA SPRINGS -- Saratoga National Bank and Trust Company has appointed Thomas Ratsep to Senior Loan Officer and Corporate Banking Manager. He assumes the role from Richard Ferguson, who has been appointed Senior Vice President of Community Development.

As Senior Loan Officer, Mr. Ratsep will help develop new lending relationships, oversee lending decisions and manage the Bank’s team of lenders. He joins Saratoga National with 19 years of banking and credit administration experience in the Capital Region.

Mr. Ratsep has a bachelor’s degree in Finance from the University of Vermont in Burlington; he is also a graduate of the New England School of Banking at Williams College and Stonier Graduate School of Banking at the University of Pennsylvania. Active in the community, Mr. Ratsep is Director and Treasurer for Saratoga County Rural Preservation Company in Ballston Spa.

In his new role, Mr. Ferguson will continue to support the Bank’s community outreach and corporate development efforts, drawing upon his 28 years of experience as a banker in the Saratoga Springs market.

Saratoga National Bank and Trust Company provides banking, investment, insurance and other financial services through eight locations in Saratoga and Albany counties. It is rated a 5-Star Superior institution by BauerFinancial. More information can be found online at saratoganational.com.