Oritani Bank Reaches 100 Year Milestone
Township of Washington, NJ – March 3, 2011 – Oritani Bank is set to celebrate its 100th Anniversary on March 11, 2011. A remarkable local success story, Oritani has experienced a growth spurt in recent years and enters its 100th year in the strongest financial condition of its long history. This stable and profitable community bank now has 23 full-service branch offices throughout Bergen, Hudson and Passaic Counties. During the coming year, Oritani Bank will hold many special events and promotions in celebration of its centennial.
“We are grateful to the communities we have been fortunate to serve over the last 100 years and who have helped us reach this important milestone,” said Kevin J. Lynch, Chairman, President and CEO of Oritani Bank. “As we enter our second century in business, Oritani Bank looks forward to growing even stronger, which will provide us with the opportunity to help more local residents and businesses attain their financial goals while benefiting from the peace of mind of banking with a rock-solid community bank.”
Oritani Bank opened a new branch in Ramsey in February and in recent years, has established new offices in Emerson, Bergenfield and Jersey City as part of its ongoing expansion. In 2009, the bank joined an elite group of NJ-based banks with over $1 billion in deposits. In addition to traditional services like checking, money market, CDs, home mortgage and equity loans, Oritani is a recognized leader in the commercial real estate industry with over $1.5 billion in loans throughout NJ, NY and PA.
A consistently solid investment for its stockholders, in June 2010, Oritani became a fully public company, increasing its equity capital by more than $400 million. Oritani Bank is also an excellent place to work with ample opportunities for it’s over 200 dedicated and talented employees, most of whom live in the communities they serve.
From its beginnings in 1911, Oritani Bank has shown a strong commitment to the communities it serves. In 2007, the bank established the OritaniBank Charitable Foundation to assist not-for-profit organizations that help to improve the quality of life for residents in Bergen, Hudson, and Passaic counties. The Foundation has donated more than $2 million to local charitable organizations since its inception. For the past 12 years, Oritani Bank has hosted the Oritani Bank Golf Classic to benefit the Center for Food Action, the leading emergency food provider in Bergen County.
Oritani Bank is a 100 year old community bank with over $2.5 Billion in assets based in the Township of Washington, New Jersey. Oritani Bank’s parent Oritani Financial Corp. is a publicly held company trading on the NASDAQ with the trading symbol “ORIT.” Oritani Bank offers a full line of deposit and loan services to both retail and commercial customers. For more information, call 888-ORITANI, or visit their website, www.oritani.com.