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Dear Valued Customers

June 21, 2022

It’s because of customers like you, that, for the third consecutive year, Ridgewood Savings Bank has been named to the prestigious Forbes annual list of America’s Best-in-State Banks 2022. Additionally, Bankrate has named Ridgewood a Top Regional Bank of 2022.

Forbes’ America’s Best-In-State Banks 2022 comprises the top banks based on the results of independent surveys involving approximately 26,000 U.S. consumers – customers like you – who were asked to rate the financial institutions at which they have or have had checking accounts. Participants made recommendations regarding overall satisfaction; they also assessed banks in the following areas: “Trust,” Digital Services,” “Branch Services,” “Financial Advice,” and “Terms & Conditions.”

For over a hundred years, Ridgewood has served the people of New York as a true community bank, providing customers with the best possible service and banking experience. What separates us from all the other banks is that, simply put, we treat you, our customers like family, and we go the extra mile every day to deliver on service and trust.

On behalf of everyone at Ridgewood, we are very grateful to you for once again recognizing all that we do.

As July approaches and summer jobs or even new jobs are in your family’s future, I encourage you to consider Ridgewood to help you and your family with your banking and financial needs. For young people especially, figuring out how to balance savings and spending can seem overwhelming at first. Ridgewood offers a free online Financial Academy which provides very useful information via virtual lessons. You’ll learn several key financial skills in ten minutes or less. Whether it is educating them in the schools through the bank’s financial literacy programs or online via the Ridgewood Financial Academy, Ridgewood assists the next generation to plan and save for their future.

In addition, I’d like to share with you information about some of the new products and services we introduced recently:

  • Free Green Checking – A thoroughly “green” way to bank, Free Green Checking is an eco-conscious and paperless payment account with ZERO monthly fees. Free Green Checking gives you total control with free eStatements, access to 90,000 surcharge-free ATMs, 24/7 digital banking, bill pay + Zelle®, and much more. Plus, for every new Free Green Checking account opened in 2022, Ridgewood will donate to ‘One Tree Planted’ in order to have a tree planted within a U.S. National Forest.
  • Ridgewood’s Premier Checking Account – Now, more attractive and competitive, this type of checking account allows customers to enjoy added perks and peace of mind with competitive interest rates on higher balances, free EZShield® ID Protection Plus, the services of a dedicated financial consultant, and much more.
  • Ridgewood’s new Currency Exchange and International Wire Transfer Services bring the world to you! Available at any Ridgewood Branch, customers have access to 80+ world currencies, including the euro, Canadian dollar, yen, peso and British pound. Bank customers can also purchase foreign currency at the branch of their choice or sell it back. Low fees and competitive rates apply. As Ridgewood “thinks global and acts local,” we have many of your important international financial needs covered!
  • With Ridgewood’s Student Lending referral source, students can access the link on our website to apply for private student loans through “College Ave Student Loans.” The Bank recognizes that students work hard to get into the schools of their choice and hopes to make it easier to apply for loans.

Ridgewood’s new products and expanded services are all part of our mission to constantly update and improve your banking experience. That experience begins the moment you enter one of our branches, call our Contact Center or speak to a loan, business banking, retirement planning or financial services specialist. Read the Queens.com story all about our Customer Contact Center here.

Driven by our mission to “Multiply the good,” Ridgewood remains focused on what has made us successful – our customers and employees. In 2021 Ridgewood Savings Bank made over $1.137 million in contributions through corporate giving in the form of community reinvestment, employee charitable donations, donations, community outreach, and bank-matched donations. Read more in our 2021 Statement of Condition. Going green and planting trees through ‘One Tree Planted’ is another way the bank gives back to our community and environment each day.

On behalf of our employees, I wish you a very happy, healthy, and safe summer.

Sincerely,

 

Leonard Stekol


Leonard Stekol
Chairman, President & CEO