Acquisitions double Pioneer (NASDAQ: PBFS) employee benefits arm
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Pioneer Bancorp, Inc. filed a report describing a strategic expansion of its employee benefits services. On April 20, 2026, Pioneer acquired Reiser Consulting Group, Inc. of Albany, NY and Wyndham Benefits, LLC of Ballston Spa, NY, both focused on employee benefits.
The acquisitions were effective the same day and together are described as doubling the size of Pioneer's Employee Benefits division, widening services for current and prospective clients in New York’s Capital Region. Theresa Reiser becomes Vice President of Employee Benefits, leading the expanded division and integration of both books of business, while Wyndham Benefits owner Chris Goodness continues serving his clients within Pioneer.
The move supports Pioneer's broader strategy of offering more than traditional banking, alongside its Human Resources Consulting division and broker‑dealer subsidiary, Pioneer Capital Markets. Pioneer is a financial holding company with more than $2 billion in assets and 22 offices in New York’s Capital Region.
Positive
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total assets: More than $2 billion
Offices: 22 offices
Division growth: Division size doubled
+1 more
4 metrics
Total assets
More than $2 billion
Company assets as described in the communication
Offices
22 offices
Pioneer Bank locations in New York’s Capital Region
Division growth
Division size doubled
Employee Benefits division size after acquisitions
Experience of Chris Goodness
30+ years
Industry experience brought from Wyndham Benefits
Key Terms
Employee Benefits division, Human Resources Consulting division, broker-dealer subsidiary, financial holding company, +1 more
5 terms
Employee Benefits division financial
"Together, the transactions double the size of Pioneer’s Employee Benefits division"
Human Resources Consulting division financial
"including the recent launches of its Human Resources Consulting division"
broker-dealer subsidiary financial
"its broker‑dealer subsidiary, Pioneer Capital Markets"
financial holding company financial
"Pioneer Bancorp, Inc. (“Pioneer”) is a financial holding company with more than $2 billion in assets"
A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.
forward-looking statements regulatory
"Certain of the matters discussed in this communication constitute forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): April 20, 2026
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Registrant’s telephone number, including area code: (518 ) 730-3025
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or
Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has
elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events
On April 20, 2026, Pioneer Bancorp, Inc. (“Pioneer”), a leading financial institution in New York’s Capital Region, announced an expansion of its employee benefits services business with the acquisitions of Reiser Consulting Group, Inc. of Albany, NY owned by Theresa Reiser, and Wyndham
Benefits, LLC of Ballston Spa, NY, owned by Chris Goodness. Both acquisitions were effective on April 20, 2026.
A copy of the press release announcing the expansion of Pioneer’s Employee Benefits division is included as exhibit 99.1 to this Current Report
on Form 8-K.
Item 9.01 Financial Statements and Exhibits
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Exhibit No.
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Description
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99.1
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Press Release of Pioneer dated
April 20, 2026
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104
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Cover Page Interactive Data File (formatted as inline XBRL).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, hereunto duly authorized.
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PIONEER BANCORP, INC.
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DATE: April 22, 2026
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By:
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/s/ Patrick J. Hughes
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Patrick J. Hughes
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Executive Vice President and Chief Financial Officer
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EXHIBIT 99.1
For Release: Immediate – Monday, April 20th, 2026
Pioneer Announces Strategic Expansion of Employee Benefits Division with the Acquisitions of Reiser Consulting Group, Inc. and Wyndham
Benefits, LLC
Theresa Reiser named Vice President of Employee Benefits to oversee the expanded division; acquisitions advance Pioneer’s More Than a
Bank™ strategy
Albany, NY – Pioneer (NASDAQ: PBFS), a leading financial institution in New York’s Capital Region, today announced an expansion of its employee benefits business with the acquisitions of Reiser Consulting Group, Inc. of Albany, NY, owned by Theresa Reiser, and Wyndham
Benefits, LLC of Ballston Spa, NY, owned by Chris Goodness. Both acquisitions were effective on April 20, 2026.
Together, the transactions double the size of Pioneer’s Employee Benefits division and are expected to strengthen its ability to deliver expanded services
and product offerings for both current and prospective clients throughout the region.
As Vice President of Employee Benefits, Ms. Reiser will lead Pioneer’s expanded Employee Benefits division, oversee client strategy, and guide the
integration of both incoming books of business. Mr. Goodness will continue serving the clients he worked with while leading Wyndham Benefits, bringing his 30+ years of experience to Pioneer.
“We’re excited to welcome Theresa Reiser and Chris Goodness to Pioneer as we strategically expand our Employee Benefits division,” said Tom Amell,
President and CEO of Pioneer. “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.”
“I’m thrilled to join Pioneer during such an exciting period of growth,” said Theresa Reiser. “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.”
This expansion is intended to build on the momentum of Pioneer’s growing,
diversified suite of products and services, including the recent launches of its Human Resources Consulting division; and its broker‑dealer subsidiary, Pioneer Capital Markets, further strengthening Pioneer’s impact across the Capital Region and beyond.
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About Pioneer
Pioneer Bancorp, Inc. (“Pioneer”) is a financial holding company with more than
$2 billion in assets that provides diversified financial services through its subsidiaries. Pioneer’s subsidiary, Pioneer Bank, National Association and its subsidiaries, with 22 offices in the Capital Region of New York State, offers a broad array of banking, insurance, employee benefits, human resources consulting, and wealth management services
to individuals, businesses, and municipalities. Pioneer’s subsidiary Pioneer Capital Markets, Inc., is a FINRA-registered broker-dealer focused on
municipal bond trading. For more information on Pioneer, please visit www.pioneerny.com.
Cautionary Statement Concerning Forward-Looking Statements
Certain of the matters discussed in this communication constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project” or similar expressions, or future or conditional verbs, such as “will,”
“would,” “should,” “could,” or “may.” Pioneer’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain. No assurance can be given that the future results covered by forward-looking statements will be
achieved. These statements are based on the current expectations of our management, and it is important to note that our actual results could be materially different from those projected in such forward-looking statements. There are a number of
risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including those discussed in our annual report on Form 10-K for the year ended December 31, 2025, under the heading “Risk Factors” and
other filings made with the SEC, including our quarterly reports on Form 10-Q. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this communication, unless noted otherwise.
Except as required under the federal securities laws and the rules and regulations of the SEC, Pioneer does not undertake any obligation to release publicly any revisions to the forward-looking statements to reflect events or circumstances after
the date of this communication or to reflect the occurrence of unanticipated events.
For additional information contact:
Patrick J. Hughes
Executive Vice President and Chief Financial Officer
(518) 730-3025
InvestorRelations@pioneerny.com
FAQ
What did Pioneer Bancorp (PBFS) announce in this 8-K filing?
Pioneer Bancorp announced it expanded its employee benefits business by acquiring Reiser Consulting Group, Inc. and Wyndham Benefits, LLC, effective April 20, 2026. The transactions are described as doubling the size of its Employee Benefits division in New York’s Capital Region.
Which companies did Pioneer Bancorp (PBFS) acquire for its Employee Benefits division?
Pioneer acquired Reiser Consulting Group, Inc. of Albany, NY, owned by Theresa Reiser, and Wyndham Benefits, LLC of Ballston Spa, NY, owned by Chris Goodness. Both firms focus on employee benefits services and their books of business are being integrated into Pioneer.
How will the acquisitions affect Pioneer Bancorp (PBFS) employee benefits operations?
The acquisitions are described as doubling the size of Pioneer’s Employee Benefits division. This expansion is expected to strengthen its ability to offer broader services and product offerings to existing and prospective employer clients throughout New York’s Capital Region.
What new leadership role was created at Pioneer Bancorp (PBFS) after these acquisitions?
Pioneer named Theresa Reiser as Vice President of Employee Benefits. She will lead the expanded Employee Benefits division, oversee client strategy, and guide integration of both acquired books of business into Pioneer’s broader financial services platform.
How do these deals fit into Pioneer Bancorp (PBFS) broader strategy?
The expansion supports Pioneer’s “More Than a Bank” strategy, adding scale to its Employee Benefits division alongside its Human Resources Consulting division and broker‑dealer subsidiary, Pioneer Capital Markets. Together, these offerings broaden services beyond traditional banking in the Capital Region.
What size and footprint does Pioneer Bancorp (PBFS) report in this communication?
Pioneer describes itself as a financial holding company with more than $2 billion in assets. Through Pioneer Bank and its subsidiaries, it operates 22 offices in New York’s Capital Region, offering banking, insurance, employee benefits, HR consulting, and wealth management services.