Business & Finance
Business and Finance
Business and Finance
Wed, August 5, 2009
Tue, August 4, 2009 Bank of Smithtown: Bank of Smithtown Opens Great Neck Branch
SMITHTOWN, NY--(Marketwire - August 4, 2009) - Bank of Smithtown (a subsidiary of Smithtown Bancorp) (
John Romano, Executive Vice President in charge of all of the Bank's branches, commented: "The Great Neck branch represents our fifth office in Nassau County, and is located in what is known as the 'Old Village', in the heart of the 'Gold Coast' of Long Island's North Shore. In addition to being in the 'Old Village', the Great Neck branch is convenient to Kings Point, where the renowned Merchant Marine Academy is located, along with many surrounding small businesses. We are excited about our continued expansion in Nassau County, which is the second wealthiest county in New York State with a population of 1.3 million people and a median income of $95,477." The additional branch openings this year will all be in Suffolk County. The East Northport office will open by the end of August, and East Setauket, St. James, Deer Park and Babylon offices by year-end.
With more than $2.4 billion in assets, Bank of Smithtown is the largest independent commercial bank headquartered on Long island. Founded in 1910, Bank of Smithtown is nearing its 100th anniversary as a community bank. The stock of its parent holding company, Smithtown Bancorp, is traded on the NASDAQ Global Select Market under the symbol "SMTB". The Company has often been rated as one of the best banks in the United States by various magazines and rating services, including most recently being ranked #9 among community banks throughout the nation by U.S. Banker magazine in June.
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