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Clifton Savings Bank history
Clifton Savings Bank company history timeline
The beginning of our company’s history was on April 9, 1928 when Botany Building & Loan Association was chartered by the State of New Jersey.
In 1930, the name of the association is changed to East Clifton Building & Loan Association.
The Bank changed its name in the mid 1930's to the Bank of Passaic and Trust Company.
In 1933, the association becomes a member of the Federal Home Loan Bank and the office is moved to 226 Dayton Avenue, Clifton.
Clifton Lutheran Sunset Home had its origins in 1954 on the former Clifton College campus.
In 1956 the Bank acquired the Bank of Allwood located in Clifton, NJ. At the same time, the name was changed to The Bank of Passaic and Clifton.
In 1957, Bosque Museum built a facility to house the large collection of early artifacts belonging to pioneer Jacob Nelson.
The hospital served the medical needs of Clifton at this location before a new hospital and clinic were built at the present location in 1972 and renamed Goodall-Witcher Healthcare Foundation.
The acquisition of the Bank of Wayne in 1976 created a need for a new identity, and the name Valley National Bank was chosen.
In 1981, its 6th office in Clifton was opened at 1433 Van Houten Avenue, which today serves as the company headquarters.
Clifton observed its sesquicentennial anniversary in 2002 and today continues to grow and diversify.
The items had been housed in Clifton College until it was closed. It was rebuilt into a modern nursing facility in 2008.
In September 2013, Chairman John Celentano, Jr. and President Walter Celuch simultaneously announced their plans to retire at year-end, having served the company for 51 and 25 years, respectively.
On November 20, 2013, the bank announced its intent to reorganize to a fully public stock holding company.
On April 2, 2014 the newly formed Clifton Bancorp Inc. completed its final conversion to a fully public company, including a related stock offering.
Two new offices of "CSBK - Your Forever Bank" were opened in 2016 at 1470 Garden Street in Hoboken, NJ and 640 Bloomfield Avenue in Montclair, New Jersey.
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Clifton Savings Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| New Penn Financial, LLC | 2007 | $800.0M | 3,000 | 1 |
| 1st Constitution Bank | 1989 | $83.8M | 183 | - |
| Red River Bancshares | - | $217.7M | 200 | 379 |
| Kearny Bank | 1884 | $27.9M | 524 | 31 |
| Heritage Credit Union | 1934 | $6.8M | 50 | 10 |
| First Choice Credit Union | - | $5.0M | 50 | - |
| Lake Michigan Credit Union | 1933 | $190.0M | 1,321 | 108 |
| First Security Bank | 1932 | $150.0M | 901 | 12 |
| First Hawaiian Bank | 1858 | $709.0M | 2,100 | 114 |
| First County Bank | 1851 | $1.5B | 250 | - |
Clifton Savings Bank history FAQs
Zippia gives an in-depth look into the details of Clifton Savings Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Clifton Savings Bank. The employee data is based on information from people who have self-reported their past or current employments at Clifton Savings Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Clifton Savings Bank. The data presented on this page does not represent the view of Clifton Savings Bank and its employees or that of Zippia.
Clifton Savings Bank may also be known as or be related to CLIFTON BANCORP INC., Clifton Bancorp, Clifton Bancorp Inc and Clifton Savings Bank.