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Change at the top

Wait: Adirondack reins going to ‘next generation'

Bank’s longtime leader to remain as chairman, CEO

From left, Stephan R. von Schenk, Charles V. Wait and Charles V. Wait Jr. all figure in Wednesday’s management transition at the Adirondack Trust Co.
From left, Stephan R. von Schenk, Charles V. Wait and Charles V. Wait Jr. all figure in Wednesday’s management transition at the Adirondack Trust Co.
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Charles V. Wait has stepped down as president of the Adirondack Trust Co. In what was described as a transition from one generation of leadership to another, Stephan R. von Schenk on Wednesday was promoted to president of the 112-year-old bank and Wait’s son, Charles V. Wait Jr., was promoted to executive vice president, succeeding von Schenk. The changes are effective immediately. Wait, 62, who began his career with the Saratoga Springs-based bank as a ...


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