STATEN ISLAND, N.Y. – After announcing the consolidation of two borough branches earlier this month, Northfield Bank has disclosed plans to shutter another Staten Island bank before year’s end.
“Our Castleton Corners branch, located at 1731 Victory Boulevard, will combine into our Meiers Corner/Victory Boulevard branch, located at 2055 Victory Boulevard, effective December 27, 2024,” a representative for Northfield noted in an email. “As with the Hyatt branch, we continually review our operations in an effort to service our customers both effectively and efficiently. Castleton Corners customers have been notified, and no action needs to be taken on their part, as accounts will migrate seamlessly to our Meiers Corners branch.The two branches are located just blocks apart. At this time, we have no further branch combinations planned.”
Northfield, which has 39 locations across New York and New Jersey and employs a staff of approximately 400 workers, currently operates 14 banks on Staten Island. Operations will cease at the bank’s Hyatt Street branch in St. George on Sept. 27, when the bank is combined with Northfield’s West Brighton branch. By year’s end, after the Castleton Corners location shutters, the institution’s borough footprint will be reduced to 12 banks.
“Northfield Bank continually reviews our operations in an effort to service our customers both effectively and efficiently,” Robin Lefkowitz, Northfield’s executive vice president, Chief Branch Administration, Deposit Operations and Business Development Office, previously told the Advance/SILive.com, noting the closures were decided upon after “thoroughly analyzing multiple factors,” including the proximity of branch locations, the shift in overall transaction volume from in-branch transactions to digital banking channels, and upcoming lease expirations.
Lefkowitz stated that customers of the affected branches do not need to take any action, as their accounts will transition automatically.
“Customers are encouraged to visit any of our Northfield Bank branches, located throughout Staten Island, where our Northfield Bank teams remain committed to delivering exceptional customer service to our Hyatt Steet Branch customers,” she said.
In conjunction with this move, the bank is also updating its main office address from 1731 Victory Blvd. to the Heinz branch, located at 4142 Hylan Blvd.
“Our new main office will be occupied by our Staten Island Commercial Lending Teams, the Northfield Bank Foundation, and our Training Department, in their new state-of-the-art Training Center,” the bank said in a statement. “Northfield Bank is committed to providing exceptional customer service throughout all of our convenient branch locations and looks forward to welcoming customers throughout our Staten Island, Brooklyn and New Jersey marketplace.”
Northfield is deeply rooted in the Staten Island community, founded in 1887 as the Northfield Building and Loan Savings Association in the town formerly known as Northfield in Mariners Harbor. According to previous reporting by the Advance/SILive.com, the bank was formed by a group of business owners “for the purpose of rendering mutual aid to each other, and to those who shall hereafter be associated with us.”
Northfield moved its main office to Port Richmond in 1938 after it acquired Port Richmond Savings and Loan, and in 1948 opened a site on Victory Boulevard in Castleton Corners. By the 1950s, the bank expanded to the newly developed Staten Island Plaza Shopping Center on New Dorp Lane and became the first savings and loan association in New York to convert to a savings bank.
Northfield became a regional bank in 2002 when it crossed into New Jersey to acquire Liberty State Bank, which had branches in Union and Middlesex counties.
In 2007, the institution changed its name to Northfield Bank from Northfield Savings Bank to reflect its emergence as a full-service consumer and commercial enterprise. The bank opened its first office in Brooklyn that year, underwent its initial public offering and was listed on the NASDAQ stock exchange.
The Northfield Bank Foundation was also founded in 2007, a charitable organization aimed at improving the quality of life in the communities served by the financial institution. To date, the foundation has awarded a total of $9.5 million in grants.
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Northfield, which has 39 locations across New York and New Jersey and employs a staff of approximately 400 workers, currently operates 14 banks on Staten Island. Operations will cease at the bank's Hyatt Street branch in St. George on Sept. 27, when the bank is combined with Northfield's West Brighton branch.
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