WEST ORANGE, NJ – Despite the rainy weather, there was a bright, festive feeling at the Glen Rock Savings Bank at 83 Northfield Avenue on Saturday as hundreds of people enjoyed the West Orange branch’s Grand Re-Opening ceremony.
To celebrate the bank’s new interior design, featuring more open, efficient spaces after a three-month renovation, bank officials came together for a ribbon-cutting ceremony and welcomed customers to participate in the morning’s $1,000 cash giveaway and breakfast buffet.
Joining in the ribbon-cutting ceremony were Malcolm Greenough, chairman of the board, Ferdinand Viaud, president and chief executive officer (CEO), Andriette Mathews, chief operating officer (COO), Arnold Romero, branch manager and assistant vice president, Henry Ingrassia, board member, and Susan McCartney, president of the West Orange Township Council. Billy Cunningham, president and COO of Cunningham Construction Company, was also on hand to celebrate the completion of the renovation work his company oversaw.
“We are very pleased with the new bank layout, which has worked very well in other branches,” said Viaud. “We can use the space more efficiently, and the larger windows brings much more light into the building. It was wonderful that we were able to keep the branch open while the renovation was taking place.”
In addition to this renovation, the Glen Rock Savings Bank at 474 Prospect Avenue recently completed its renovation earlier this year. The bank also has branches in Hawthorne and Glen Rock, where it was first established in 1922.
Glen Rock Savings Bank came to West Orange after it merged with Llewellyn Edison Savings Bank, which was in the Northfield Avenue building for 40 years before the merger in 2015.
“We are looking forward to serving the many new businesses coming into the area, along with our loyal customer base,” said Romero. “My objective is to get out into the community more to get to know its people and businesses better, and to give back to the community as a whole. I’m so glad to work for a bank that shares the same objectives as I do.”
Romero said that the bank prides itself on being involved with the community, including his membership in the West Orange Chamber of Commerce, the bank’s participation in the West Orange Thanksgiving Food Drive for the Needy and Homeless, and having a bank booth at the West Orange Annual Street Fair on Main Street.
McCartney thanked the bank’s executives for their commitment to improving West Orange and investing in it.
“I want to commend the bank for keeping about 80 percent of the Llewellyn Edison Savings Bank employees when the merger took place,” said McCartney. “It is one of the reasons why they have been able to keep their customers, who appreciate their loyalty to the staff.”
One such customer who attended the Grand Re-Opening was John Lostys, who has been “a happy customer for 10 years.”
“I really enjoy banking here because they know everyone by their first name,” he said. “They even know our kids’ names, and in some cases our dogs’ names.”
To reward the customers who stayed with the bank during the renovation period, everyone who came to the Grand Re-Opening received a free tumbler with anywhere from $1 to $500 inside. Customers enjoyed having more cash on hand thanks to the $1,000 cash giveaway—with several people getting $20 and $10 bills early in the morning.
People also received a Glen Rock Saving Bank cloth shopping bag filled with many items, including a pen, pizza-slicing wheel, swivel measuring spoons, key ring and bottle-cap opener.
As part of the month-long grand-reopening celebration, the bank is offering special mortgage and home-equity loan rates during August. For further information, call the mortgage department at (201) 652-2951. In addition, the bank is offering an 18-month CD at .255 APY.
“People should also know we offer an entire product suite without having minimum balances,” said Romero.