PBFS · Pioneer Bancorp, Inc.

Pioneer Bancorp, Inc. executed two strategic acquisitions on April 20, 2026—Reiser Consulting Group, Inc. and Wyndham Benefits, LLC—to materially expand its Employee Benefits division. The move directly supports Pioneer’s stated 'More Than a Bank™' strategy and follows recent launches of its Human Resources Consulting division and broker-dealer subsidiary, Pioneer Capital Markets. By acquiring both firms, Pioneer doubled the scale of its employee benefits business, gaining not only client portfolios but also deep domain expertise: Theresa Reiser, owner of Reiser Consulting Group, assumed the newly created role of Vice President of Employee Benefits to lead the integrated division and oversee client strategy, while Chris Goodness, owner of Wyndham Benefits, continues serving his existing clients with over three decades of industry experience. Management emphasized that the acquisitions strengthen Pioneer’s ability to deliver comprehensive, regionally scaled benefits solutions to employers across New York’s Capital Region. The press release highlights alignment in culture and client-first values, suggesting integration is expected to be operationally cohesive. As a financial holding company with over $2 billion in assets and 22 branch offices, Pioneer is leveraging its diversified platform to grow beyond traditional banking into adjacent, relationship-driven advisory services—making this expansion a meaningful step toward revenue diversification and cross-selling opportunity. No financial terms—including purchase price, consideration structure, or financing—were disclosed in the filing or exhibit.