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We were founded on March 1, 1887 as Northfield Building Loan and Savings Association in the village of Mariners Harbor, Town of Northfield, County of Richmond, by a group of Staten Islanders "for the purpose of rendering mutual aid to each other, and to those who shall hereafter be associated with us."
As most institutions founded in the 19th century, Northfield took its name from the community it served, and although the village of Northfield is no longer listed on any local map, its name survives as the name of our Bank. In 19th Century Staten Island, every community had its own bank. Although many failed or were disbanded, many others merged, creating larger, stronger institutions that survive and prosper today.
In 2002, Northfield entered the New Jersey marketplace through our merger with Liberty Bank. This partnership gave Northfield a strong presence in New Jersey's Union and Middlesex counties while providing added convenience for our customers.
On January 1, 2007, Northfield officially changed its name from Northfield Savings Bank to Northfield Bank. The Northfield Bank name positions us as the full-service bank that Northfield has become, and reflects the changing marketplace of banking.
Northfield entered the Brooklyn marketplace in 2007 with the opening of our first branch in the Bay Ridge section of Brooklyn. Through organic growth and the acquisition of Flatbush Federal Savings and Loan in 2012, we currently operate nine locations throughout the Borough of Brooklyn.
We are proud to report that Northfield Bank has continued to prosper and has expanded its product line to incorporate security, convenience and personal service under one roof. Through successive mergers, the history of Northfield Bank includes the following institutions which are themselves a part of Staten Island's and New Jersey's history:
Founded in 1887 with assets of $400,000, Northfield has recently reported total assets of $3.6 billion and now operates 38 locations in Staten Island, Brooklyn and New Jersey.
Much has changed over the last century, but Northfield's commitment to the community has not.