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Clifton Bancorp, Inc., d/b/a Clifton Savings Bank (abbreviated CSBK) and formerly known as Clifton Savings Bancorp, was a publicly traded American retail savings bank headquartered in Clifton, New Jersey, United States. The bank's base of operations was northern New Jersey with the majority of its branches operating out of its hometown.
Clifton Savings Bancorp was founded as Botany Building and Loan Association in 1928 in Clifton's Botany Village section of town. The bank became known as East Clifton Building and Loan two years later and assumed the name Clifton Savings and Loan Association in 1954, all while remaining in the Botany section of Clifton; the bank served as the company's headquarters until 1998.
The bank's first branch office was opened in the Richfield section of Clifton in 1954, is located on the portion of Clifton Avenue designated NJ 161, and was the first to offer a drive-up window for banking. Fourteen years later Clifton Savings added a third branch in Clifton's Athenia section, in a storefront located on Van Houten Avenue. Two more branches opened in 1970 and 1971, on Lakeview Avenue and Valley Road in the Lakeview and Albion sections of town.
In 1975, Clifton Savings expanded their operations to outside of their base, opening a branch on Palisade Avenue in neighboring Garfield. Two years later, a second Garfield branch opened on Lanza Avenue.
In 1981, Clifton Savings opened two new locations. Both were located on Van Houten Avenue; one was a replacement for the old Athenia storefront branch and the other was a large branch in the Maple Valley section of the city which served as both a bank and the headquarters for Clifton Savings' mortgage lending department (which the bank has since moved to a separate office space in the Allwood section of Clifton). In 1998, during a massive remodeling, the Maple Valley branch became the bank's base of operations, as well as becoming the first branch to install an automated teller machine; an ATM has since been installed at all but three branches. The Maple Valley branch was also the last new, non-replacement branch to be built for over twenty years.
In 1989, Clifton Savings changed its name from Clifton Savings and Loan Association to Clifton Savings Bank, SLA.
Clifton Savings opened six new branches in the 2000s. Of the six, three were built to replace existing banks; those locations were in the Athenia section of Clifton and Garfield (as both of the bank's branches were replaced). The other three branches were located in Wallington, Wayne, and Fair Lawn, New Jersey; the former two branches opened in 2003 and the latter in 2009. [1] Clifton Savings later opened in Lyndhurst, New Jersey, at the site of a former TD Banknorth branch, and in Woodland Park, New Jersey, at the site of a former Capital One Bank branch. Both of these branches were opened in 2010. Also in 2010, Clifton Savings' Botany branch, after operating for eighty-two years in the neighborhood at three different locations, was shut down by the bank and its accounts were transferred to the Lakeview branch.
In 2015, Clifton Savings announced it would be expanding to Hudson County and opening a branch in Hoboken. The bank also announced it would be shutting down its Albion branch and moving its accounts to the Maple Valley headquarters branch which the bank is now referring to as Montclair Heights. [2] In 2016, Clifton Savings rebranded itself as CSBK and opened a branch in Montclair, New Jersey.
As of March 4, 2017, the Woodland Park branch closed, leaving the bank with twelve branches.
In 2004, as part of a reorganization, Clifton Savings Bank was reincorporated as a federal mutual holding company and took its current name. Later that year, using the ticker symbol CSBK, the company became a publicly traded company on the NASDAQ stock market. The bank became a federal savings bank in 2007.
On April 2, 2018, CSBK and Fairfield, New Jersey–based Kearny Bank announced the two banks had merged. The twelve CSBK branches were rebranded as Kearny Bank beginning in the fall of 2018 and the expansion brought Kearny's total branch count to fifty-four. [3]
Since the merger, Kearny has closed all of the remaining Clifton branches it acquired save for the Richfield branch and the former headquarters branch. It has also closed one of the two Garfield branches and the Montclair branch, as well as building a replacement for the Wallington branch.
Route 21 is a state highway in Northern New Jersey, running 14.35 mi (23.09 km) from the Newark Airport Interchange with US 1-9 and US 22 in Newark, Essex County to an interchange with US 46 in Clifton, Passaic County. The route is a four- to six-lane divided highway known as McCarter Highway on its southern portion in Newark that serves as a connector between the Newark and Paterson areas, following the west bank of the Passaic River for much of its length. It also serves as the main north–south highway through the central part of Newark, connecting attractions in Downtown Newark with Newark Airport. The portion of Route 21 through Newark is a surface arterial that runs alongside the elevated Northeast Corridor rail line through the southern part of the city and continues north through Downtown Newark while the portion north of Downtown Newark is a freeway. Route 21 intersects many major roads including I-78, Route 27, and I-280 in Newark, Route 7 in Belleville, and Route 3 in Clifton.
Route 7 is a state highway in the northern part of New Jersey in the United States. It has two sections, an east–west alignment running from U.S. Route 1/9 Truck in Jersey City to Route 21 in Belleville, and a north–south alignment running from the Newark/Belleville to the Nutley/Clifton border. The New Jersey Department of Transportation (NJDOT) lists Route 7 as a single north–south highway with a small gap between the alignments. The entire highway has a combined length of 9.46 mi (15.22 km).
Route 161 is a 1.10 miles (1.77 km) state highway in Clifton, New Jersey, United States, running along Clifton Avenue between Allwood Road and Van Houten Avenue (CR 614). Although it is a signed state highway, it does not connect to any other state-maintained roadways. However, the south terminus is aligned just northeast of the interchange of Route 3 and the Garden State Parkway. The highway originated as Route S3 Spur, a suffixed spur of State Highway Route 3 to State Highway Route 6. The route was redesignated in 1953 as Route 161, though in one late 1950s Essex County Hagstrom map and in the NJ highway code for mid-block crosswalks the highway is shown as Route 61. It is unknown whether Route 61 existed.
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CSBK may refer to:
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