The Kearny Financial Corp. (Kearny Bank) acquisition of Clifton Bancorp Inc. (Clifton Savings Bank) was finalized earlier this year and has culminated with a full system integration of all banking products and services.
As a result of the merger, Kearny Bank expanded to 54 locations in New Jersey, Brooklyn and Staten Island. It has also gained access to portions of Bergen, Essex, Hudson and Passaic counties, where it previously had no presence. The majority of former Clifton Savings locations already bear Kearny Bank signage; those few that do not will be changed over shortly.
“In the banking sector, any merger is a complex process that requires some time to fully complete,” explained Craig L. Montanaro, President and Chief Executive Officer of Kearny Bank. “While customers of the former Clifton Savings Bank have been part of the Kearny Bank family since last November, completion of the cross-banking process means they now enjoy full, direct access to all our services and offerings. As we move forward, I’m confident they’ll be quite pleased with the enhanced banking experience Kearny Bank provides.”