Township of Washington, NJ November 4, 2011 On Saturday, October 29th, 2011 Oritani Bank celebrated the grand opening of its first branch office in Essex County located at 604 Valley Road in Upper Montclair. During the ribbon-cutting ceremony, Kevin J. Lynch, Chairman, President and CEO of Oritani Bank and President of the OritaniBank Charitable Foundation, presented two donations of $5,000 each from the Foundation to the Montclair Human Needs Food Pantry and the Montclair Ambulance Unit.
Oritani Bank is looking forward to having a positive impact on Essex County, said Mr. Lynch. The new Upper Montclair branch is a logical step in our ongoing expansion in Northern New Jersey. Due to our financial strength and local decision making, Oritani Bank is well-positioned to satisfy the demand in Essex County for a strong community bank truly invested in the neighborhoods it serves and focused on understanding and meeting the financial needs of all residents.
As part of the grand opening festivities, Oritani Bank hosted a free Family Fun Day complete with food, entertainment and prizes. New customers were offered special promotions on Optimum Gold Checking Accounts and Great Rate Grand Opening CDs, as well as a branch exclusive Money Market rate special. With the opening of the Upper Montclair office, Oritani Bank now has 24 branches serving both individuals and small to mid-size businesses in Bergen, Hudson, Passaic and now, Essex County.
OritaniBank Charitable Foundations donation to the Human Needs Food Pantry will support the non-profit organizations efforts to provide food, clothing and other services to people in need in Montclair and neighboring communities in Essex County. The Montclair Ambulance Unit will use the funds provided by OritaniBank Charitable Foundation to offset the operating costs of ensuring first rate, emergency medical services to residents of Montclair and surrounding communities. For more information about these two organizations, please visit www.humanneedsfoodpantry.org and www.mvau.org.
Oritani Bank established the OritaniBank Charitable Foundation in 2007 to assist not-for-profit organizations that help to improve the quality of life for area residents, especially those members of its communities most in need. Since its inception the Foundation has donated more than $2 million to local charitable organizations, primarily in support of education, health & human services, youth programs, and affordable housing.
Oritani Bank is a 100 year old community bank with over $2 billion in assets, based in the Township of Washington, New Jersey. Oritani Bank 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.