New Bank Location Demonstrates Commitment to Community

Ridgewood Savings Bank Celebrates Opening of New Branch in New Rochelle

A recent ribbon-cutting ceremony in New Rochelle marked the grand opening of a new branch for Ridgewood Savings Bank. The event, attended by local officials, business leaders, and community members, honored Leonard Stekol, the chairman, president, and CEO of Ridgewood Savings Bank, for his efforts in relocating the bank’s New Rochelle branch to a new, state-of-the-art facility at 25 Maple Ave. Spanning nearly 2,000 square feet, the new location is conveniently situated in the city’s central business district.

The innovative design of the new branch reflects Ridgewood Savings Bank’s commitment to providing comprehensive financial products and services to the community, as well as supporting the growth of small businesses. Leonard Stekol expressed the bank’s dedication to contributing to New Rochelle’s development and the prosperity of its residents and businesses. He highlighted New Rochelle as a vibrant city and emphasized the bank’s focus on providing top-notch banking services at the new location.

Deputy Westchester County Executive Ken Jenkins commended Ridgewood Savings Bank for its continued service to the residents of New Rochelle over the past 17 years. He expressed optimism about the partnership between the county and the bank and the potential for further growth and success at the new site.

Senator Nathalia Fernandez and Assemblyman Steve Otis also praised Ridgewood Savings Bank for its commitment to the community and consumers. They highlighted the new branch as a valuable resource for economic opportunity and growth in New Rochelle.

New Rochelle Mayor Yadira Ramos-Herbert expressed her excitement about Ridgewood Savings Bank’s expansion and relocation to a prominent mixed-use development in the downtown area. She lauded the bank’s dedication to serving neighborhood clients while enhancing the vibrancy of the central business district.

Catherine White, Executive Director of the New Rochelle Chamber of Commerce, congratulated Ridgewood Savings Bank on its new cutting-edge facility. She emphasized the strategic location of the new branch at 25 Maple Ave. in the heart of downtown, providing increased banking access for local businesses and residents.

Founded in 1921, Ridgewood Savings Bank is a strong and stable mutual savings bank with billion in assets and 36 branches across the New York metropolitan area. The bank has received accolades for its outstanding service, including being named a ‘Best Bank’ by Money and a ‘Top Regional Bank’ by Bankrate. Ridgewood Savings Bank’s new branch in New Rochelle signals its continued commitment to customers and the community.