Company type | Private company |
---|---|
Industry | Banking |
Founded | 1888 |
Headquarters | , U.S. |
Area served | New Jersey (some products available nationwide) |
Products | Deposits, mortgages, home equity loans, commercial loans |
Total assets | $2.32 billion (Q4 2018) [1] |
Parent | Amboy Bancorp |
Subsidiaries | Amboy Direct |
Website | www |
Amboy Bank is an American bank headquartered in Old Bridge, New Jersey. Amboy Bank has locations in Middlesex and Monmouth Counties in central New Jersey, and serves consumer and commercial customers. [2] Its deposits are insured to the legal maximum by the Federal Deposit Insurance Corporation (FDIC). [3]
Amboy Bank was chartered on May 12, 1888 as The First National Bank of South Amboy by a group of prominent local businessmen. [4] In the late 1950s the bank began to open branches in the area, and in 1960 the name was changed to First National Bank of South Amboy-Madison Township to reflect the move of its headquarters to nearby Madison Township (later renamed Old Bridge Township [5] ). In 1963 the name was changed to Amboy-Madison National Bank, and was shortened to Amboy National Bank in 1991. [1] The bank is now known as Amboy Bank, a name change that occurred in 2008 after the bank converted to a state charter. [6]
Amboy Bank has been privately owned since its inception, and has been held by Amboy Bancorporation since 1984. [7]
In the mid-1980s, Amboy Bank became one of the first lenders in the United States to offer a biweekly mortgage. [8] Amboy Direct was established in 1995 to provide products to those outside of Amboy Bank’s traditional footprint. [9] In 2003 it transitioned to offering accounts that could be opened online.
Amboy Bank has been voted by readers of the Home News Tribune as the Best Bank in Middlesex County for 27 years in a row. [10]
In 1998, the Amboy Foundation was established to provide grants to community organizations that support education, civic, health, and social services. [11]
Excluding its corporate headquarters, as of 2024 [update] , Amboy Bank operated 12 locations in Middlesex County and 10 in Monmouth County. [12]
Route 35 is a state highway in the U.S. state of New Jersey, primarily traveling through the easternmost parts of Middlesex, Monmouth, and Ocean counties. It runs 58.1 mi (93.5 km) from the entrance to Island Beach State Park in Berkeley Township, Ocean County, to an intersection with Lincoln Highway/St. Georges Avenue (Route 27) in Rahway, Union County. Between Seaside Park and Mantoloking, Route 35 follows the right-of-way of the former Pennsylvania Railroad along the Jersey Shore. The route heads through Point Pleasant Beach and crosses the Manasquan River on the Brielle Bridge, meeting the intersection of Route 34 and Route 70 at the former Brielle Circle in Wall Township. From there, Route 35 heads north and interchanges with Route 138, an extension of I-195, continuing north through Monmouth County before crossing the Victory Bridge over the Raritan River into Perth Amboy, where the route continues north to Rahway.
Monmouth County is a county located in the central portion of the U.S. state of New Jersey. It is bordered to its west by Mercer and Middlesex Counties, to its south by Ocean County, to its east by the Atlantic Ocean, and to its north by the Raritan Bay. Monmouth County's geographic area comprises 30% water. The county is part of the Jersey Shore region of the state. It has also been categorized under the Central Jersey region, though it was not among the four counties explicitly listed as included in Central Jersey as part of legislation signed into law in 2023.
Middlesex County is a county located in the north-central part of the U.S. state of New Jersey, extending inland from the Raritan Valley region to the northern portion of the Jersey Shore. As of the 2020 United States census, the county was the state's third-most populous county with a population of 863,162, its highest decennial count ever and an increase of 53,304 (+6.6%) from the 2010 census count of 809,858, which in turn reflected an increase of 59,696 (8.0%) from the 750,162 counted in the 2000 census. Middlesex is part of the New York metropolitan area. Many communities within the county serve as commuter towns to and from New York City and other points north. The county is part of the Central Jersey region of the state.
Monroe Township is a township located in southern Middlesex County, in the U.S. state of New Jersey. The township is centrally located within the Raritan Valley region and is an outer-ring suburb of New York City within the New York metropolitan area. As of the 2020 United States census, the township's population was 48,594, its highest decennial count ever and an increase of 9,462 (+24.2%) from the 39,132 recorded at the 2010 census, which in turn reflected an increase of 11,133 (+39.8%) from the 27,999 counted in the 2000 census. Monroe Township also comprises the largest land area of any municipality in Middlesex County, at approximately 42 square miles (110 km2).
Old Bridge Township is a township in Middlesex County, in the U.S. state of New Jersey, located in the Raritan Valley region and within the New York metropolitan area. As of the 2020 United States census, the township was the state's 21st-most-populous municipality, with a population of 66,876, an increase of 1,501 (+2.3%) from the 2010 census count of 65,375, which in turn reflected an increase of 4,919 (+8.1%) from the 60,456 counted in the 2000 census. As of the 2010 Census, the township was ranked 18th in the state by population, after being the state's 21st most-populous municipality in 2000. Old Bridge is a bedroom suburb of New York City located across the Raritan Bay from Staten Island, and it is about 25 miles (40 km) from Manhattan, and about 30 miles (48 km) south of Newark.
Perth Amboy is a city in northeastern Middlesex County, in the U.S. state of New Jersey, within the New York metropolitan area. As of the 2020 United States census, the city's population was 55,436. Perth Amboy is known as the "City by the Bay", referring to its location adjoining Raritan Bay.
South Amboy is a suburban city in Middlesex County, in the U.S. state of New Jersey, located on Raritan Bay. As of the 2020 United States census, the city's population was 9,411, an increase of 780 (+9.0%) from the 2010 census count of 8,631, which in turn reflected an increase of 718 (+9.1%) from the 7,913 counted in the 2000 census.
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation supplying deposit insurance to depositors in American commercial banks and savings banks. The FDIC was created by the Banking Act of 1933, enacted during the Great Depression to restore trust in the American banking system. More than one-third of banks failed in the years before the FDIC's creation, and bank runs were common. The insurance limit was initially US$2,500 per ownership category, and this has been increased several times over the years. Since the enactment of the Dodd–Frank Wall Street Reform and Consumer Protection Act in 2010, the FDIC insures deposits in member banks up to $250,000 per ownership category. FDIC insurance is backed by the full faith and credit of the government of the United States, and according to the FDIC, "since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds".
The Jersey Shore, commonly referred to locally as simply the Shore, is the coastal region of the U.S. state of New Jersey. Geographically, the term encompasses about 141 miles (227 km) of oceanfront bordering the Atlantic Ocean, from Perth Amboy in the north to Cape May Point in the south. The region includes Middlesex, Monmouth, Ocean, Atlantic, and Cape May counties, which are in the central and southern parts of the state. Located in the center of the Northeast Megalopolis, the northern half of the shore region is part of the New York metro area, while the southern half of the shore region is part of the Philadelphia metro area. The Jersey Shore hosts the highest concentration of oceanside boardwalks in the United States.
A savings and loan association (S&L), or thrift institution, is a financial institution that specializes in accepting savings deposits and making mortgage and other loans. While the terms "S&L" and "thrift" are mainly used in the United States, similar institutions in the United Kingdom, Ireland and some Commonwealth countries include building societies and trustee savings banks. They are often mutually held, meaning that the depositors and borrowers are members with voting rights, and have the ability to direct the financial and managerial goals of the organization like the members of a credit union or the policyholders of a mutual insurance company. While it is possible for an S&L to be a joint-stock company, and even publicly traded, in such instances it is no longer truly a mutual association, and depositors and borrowers no longer have membership rights and managerial control. By law, thrifts can have no more than 20 percent of their lending in commercial loans—their focus on mortgage and consumer loans makes them particularly vulnerable to housing downturns such as the deep one the U.S. experienced in 2007.
Central Jersey, or Central New Jersey, is the middle region of the U.S. state of New Jersey. The designation Central Jersey is a distinct administrative toponym. While New Jersey is often divided into North Jersey and South Jersey, many residents recognize Central Jersey as a distinct third entity. As of the 2020 census, Central Jersey has a population of 3,580,999.
The New Jersey General Assembly is the lower house of the New Jersey Legislature.
Regions Financial Corporation is an American bank holding company headquartered in the Regions Center in Birmingham, Alabama. The company provides retail and commercial banking, trust, stock brokerage, and mortgage services. Its banking subsidiary, Regions Bank, operates about 2,000 automated teller machines and 1,300 branches in 15 states in the Southern and Midwestern United States.
New Jersey's 6th congressional district is represented by Democrat Frank Pallone, who has served the district in Congress since 1993. The district includes the northern and eastern portions of Middlesex County and the coastal areas of Monmouth County, including towns along the Raritan Bay.
The Raritan Bayshore is a region in central sections in the state of New Jersey. It is the area around Raritan Bay from The Amboys to Sandy Hook, in Middlesex and Monmouth counties, including the towns of Perth Amboy, South Amboy, Sayreville, Old Bridge, Matawan, Aberdeen, Keyport, Union Beach, Hazlet, Keansburg, Middletown, Atlantic Highlands, and Highlands. It is the northernmost part of the Jersey Shore, located just south of New York City. At Keansburg is a traditional amusement park while at Sandy Hook are found ocean beaches. The Sadowski Parkway beach area in Perth Amboy, which lies at the mouth of the Raritan River, was deemed the "Riviera of New Jersey" by local government. In recent years many of the beaches on the Bayshore area have been rediscovered and upgraded.
The Freehold and Jamesburg Agricultural Railroad was a short-line railroad in New Jersey. The railroad traversed through the communities of Freehold Borough, Freehold Township, Manalapan Township, Englishtown Borough, Monroe Township, and Jamesburg Borough, en route to Monmouth Junction in South Brunswick Township.
Texas First Bank is a state-chartered bank located in six counties along the Texas Gulf Coast. Founded in 1973, the bank today has 22 locations throughout Galveston County, Chambers County, Texas, Brazoria County, Texas, Harris County, Texas, Jefferson County, Texas, and Liberty County, Texas. It is headquartered in Texas City, Texas and a wholly owned subsidiary of Texas Independent Bancshares, Inc.
CertusBank was an American nationally chartered bank, with a presence in twelve U.S. states. The bank was Headquartered in Greenville, South Carolina, with secondary corporate offices in Atlanta, Georgia, and Charlotte, North Carolina, at its peak the bank operated more than 30 retail branches in The Carolinas, Florida, and Georgia. The bank elected to go into liquidation in 2015. Creditors sued, and accepted a final settlement in 2017.
The Runyon Watershed is a reservoir system located in Old Bridge Township, New Jersey, United States, just south of Sayreville. It is operated by the Middlesex Water Company. The 1,100 acres (450 ha) watershed area was first established in the late 1800 when it was purchased by the city of Perth Amboy, which developed a reservoir and waterworks in the 1920s, and turned over management to the company in 2003. The area is protected, with more than 500 acres of the tract are wetlands that are from development by the state's 1990 Watershed Moratorium Act A weather station in Runyon recorded a high temperature of 110 °F (43 °C) on July 10, 1936, setting the record for the hottest temperature ever recorded in New Jersey.
Joann H. Smith was an American politician who served in the New Jersey General Assembly from the 13th Legislative District from 1986 to 1998.