Pioneer Bancorp completed the acquisition of Reiser Consulting Group, Inc. and Wyndham Benefits, LLC on April 20 2026, a transaction that effectively doubles the size of its Employee Benefits division and adds new client books across the Capital Region and beyond.
The move is a key element of Pioneer’s “More Than a Bank™” strategy, broadening the firm’s non‑interest income streams and deepening relationships with employers. By integrating Reiser’s and Wyndham’s product offerings, Pioneer will provide a more comprehensive suite of benefits services, positioning the bank as a central financial partner for business clients.
"We’re excited to welcome Theresa Reiser and Chris Goodness to Pioneer as we strategically expand our Employee Benefits division. Theresa brings deep industry expertise, trusted relationships, and a leadership style that aligns perfectly with Pioneer's commitment to putting clients first. Combined with Chris’s decades of experience and extensive industry knowledge, we’re well positioned to accelerate growth and deliver even greater value to employers across the region," said President and CEO Tom Amell. "Pioneer's culture, resources, and commitment to doing what’s right for clients align deeply with the way I’ve always approached this work. Together, I’m excited to expand our ability to help employers provide comprehensive benefits to their workforce," added Theresa Reiser, newly appointed Vice President of Employee Benefits.
Pioneer has a long history of diversifying beyond traditional banking, adding HR consulting, insurance, and wealth‑management services in recent years. The acquisitions continue that trend and align with a broader industry movement in which financial institutions expand into non‑traditional services to create stickier client relationships and more resilient revenue streams. It is worth noting that Wyndham Benefits, LLC is a distinct entity from the hotel company Wyndham Hotels & Resorts, and the two are unrelated.
By expanding its Employee Benefits division, Pioneer strengthens its non‑interest income base, deepens employer relationships, and creates cross‑selling opportunities for other banking and financial services. The acquisitions position the bank to capture growing demand for comprehensive benefits solutions and reinforce its competitive advantage in the Capital Region and beyond.
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