Investors Bank history

Excess market speculation, especially by banks using Federal Reserve loans to bolster the markets, resulted in the market crash of 1929, sparking the great depression.

The crash also triggered more stringent regulation for the industry, including the famous Glass-Steagall Act of 1933 which required the separation of commercial banking from investment banking.

In 1945, Investors became the first savings and loan institution in New Jersey to open a branch office in order to better serve its customer base, which was growing due to a history of conservative leadership, good service, and continued mergers.

In light of the repeal of negotiated rates in 1975, trading commissions collapsed and trading profitability declined.

On January 2, 1992, Investors became the first savings and loan institution in New Jersey to take advantage of a new law that allowed for a streamlined transition to a savings bank, and the name was modified to Investors Savings Bank.

In 1997, Investors changed from a New Jersey-chartered mutual savings bank to a New Jersey-chartered stock savings bank, and reorganized as a two-tiered holding company.

Eventually, Glass-Steagall did crumble, but not until 1999.

The end of the decade, however, brought the repeal of the Glass-Steagall Act, which effectively removed the separation between Wall Street investment banks and commercial banks, exacerbating the financial crisis of 2007.

On September 19, 2011, in order to better reflect its variety of financial products for both consumers and businesses, its name was transitioned to Investors Bank and a new brand identity was introduced.

On May 8, 2014, Investors Bancorp became a fully public company.