July 16, 2018
Newburgh, New York – Empire State Bank, a wholly owned subsidiary of ES Bancshares, Inc. announced July 16th, 2018 that the New Dorp, Staten Island Banking Center has reached the milestone of deposits exceeding $100 million, 44% in checking deposits.
Philip Guarnieri, CEO of Empire State Bank commented, “I would like to thank our customers and Banking Center team, for without them this milestone wouldn’t be possible. Please come visit us at 1361 North Railroad Avenue and say hello to our team.”
Thomas Sperzel, President and COO of Empire State Bank commented, “Soon our Victory Boulevard Banking Center will be open and our team there is eager to provide the same knowledgeable and friendly service to customers of that community.”
As of June 30, 2018, Empire State Bank’s assets are $ 339 million, with three Banking Centers in Staten Island, Brooklyn and Newburgh. Two new Centers in Staten Island and Brooklyn are weeks away from opening.
This press release may contain certain “forward-looking statements” which may be identified by the use of such words as “believe”, “expect”, “intend”, “anticipate”, “should”, “planned”, “estimated”, and “potential”. Examples of forward-looking statements include, but are not limited to, estimates with respect to our financial condition, results of operations and business that are subject to various factors which could cause actual results to differ materially from these estimates and most other statements that are not historical in nature. These factors include, but are not limited to, general and local economic conditions, changes in interest rates, deposit flows, demand for mortgage and other loans, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory, and technological factors affecting our operations, pricing, products and services.
Contact: Philip Guarnieri, (845) 451-7802