Dear Valued Customers:
April 2, 2021
June 18, 2021, marks Ridgewood Savings Bank’s centennial anniversary of when we received our charter from New York State, allowing us to open our doors and begin the business of creating relationships – relationships within our community, relationships with you. These relationships are built on trust, commitment to our customers, and the needs of the communities we serve.
As I look back at our history, I can say without reservation that Ridgewood believes banking is about people, dreams, and making a positive impact on each other and the communities we share. During the last century, Ridgewood has helped countless New York families achieve their dreams.
Over the years, we’ve lived through times of prosperity and innovation, as well as challenges. Indeed, events have reshaped each of our lives and how we do business. Through it all, we’ve remained optimistic for the future. The resiliency demonstrated throughout our region mirrors that of the people who work at Ridgewood. After all, we are your neighbors and friends, and together we share a common value of helping one another to succeed, grow, and prosper. It’s what we like to call, “multiplying the good.”
For 100 years, Ridgewood has been multiplying the good by investing in the communities we serve. Our focus is to continue to deliver the high level of customer service you have come to expect from us while also remaining true to our historical and traditional origins of serving as a community bank. Stepping up to help is the foundation for everything we do and it’s why we gave back in 2020 at a time when New Yorkers needed us most: $29.3 million in pandemic assistance Paycheck Protection Program (PPP) loans for area businesses, and helping to protect 4,823 local jobs. In addition, Ridgewood reinvested $345,800 to the community, made over $42,000 in employee charitable donations, provided nearly $790,000 in corporate giving, and gave more than $74,000 in bank-matched donations.
While we have come a long way from our first branch in Ridgewood, located on the ground floor of a three-story tenement, with three employees, we continue to offer modern financial solutions for our customers who live in a rapidly changing world. These are solutions that you rely on us for like digital banking, affordable mortgages, security alerts, and competitive deposit products to provide financial security and a good future – a future we hope to be part of for a very long time.
As a way of offering a very grateful thank you for your ongoing support, I’m inviting you to join with us in our centennial festivities that feature sweepstakes and special promotions with free gifts. Please visit RSB100.com and take part in multiplying the good.
Chairman, President & CEO