Business & Finance
Business and Finance
Business and Finance
Tue, September 1, 2009
Mon, August 31, 2009 Bank of Smithtown: Bank of Smithtown Opens East Northport Branch
SMITHTOWN, NY--(Marketwire - August 31, 2009) - Bank of Smithtown (a subsidiary of Smithtown Bancorp) (
The East Northport branch is Bank of Smithtown's 19th branch in Suffolk County, and its 3rd branch in Huntington Township. Executive Vice President, John Romano, commented: "We are pleased with this location, which is next to a very busy Walgreens, on a heavily traveled road. This new location will allow us to serve more consumers and small businesses in Huntington Township south of the Route 25A corridor."
The Bank plans to open four more new branches this year in East Setauket, St. James, Deer Park and Babylon. The Bank also has ten other branch projects in various stages of development, and expects most of those branches to open during 2010.
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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