Bridgehampton National Bank has a new charter and a new name.
Bridgehampton National Bank is converting from a national bank to a New York State-chartered commercial bank, the bank’s parent company, Bridge Bancorp, Inc. announced.
The bank’s name will change to BNB Bank.
The bank has filed an application with the Federal Reserve Bank of New York to remain a member of the Federal Reserve System and expects approval before the end of the year.
The change to a state charter will improve efficiency, president and CEO Kevin O’Connor said. Customers will “receive the same level of personal service and community commitment BNB has delivered for over 100 years,” O’Connor said.
The bank has long been known as BNB, he said. “We have an established brand identity in BNB and over the past eight years, we have been transitioning to using BNB in our logo, marketing and positioning of the bank. Continuing as BNB Bank is both a nod to our strong roots on the East End of Long Island, and a look to our future growth,” O’Connor said in a press release announcing the change.
BNB is working on opening a new branch in downtown Riverhead, in the former Citibank location on West Main Street. It currently has a branch operation out of what was originally a loan office at Summerwind Square on Peconic Avenue. The new West Main Street branch, which will have a drive-up window, is undergoing renovations and won’t be open until at least late February, according to BNB vice president and director of marketing Claudia Pilato.
BNB has recently identified several branches for closure or consolidation. Among them is its Cutchogue branch. Its Main Road, Mattituck branch will remain open. Other BNB branches to be closed are Center Moriches, Cutchogue, Hewlett, Massapequa, New Hyde Park, and our Walt Whitman Road Melville location. The branches will close on Feb. 16, 2018. Branch customers have been notified and their accounts will automatically be transferred to the closest corresponding branch, the bank said.