Town officials and BNB Bank leadership snipped a ceremonial ribbon yesterday at the new BNB bank branch on West Main Street in Riverhead yesterday morning.
The new full-service branch opened at 209 West Main Street on March 26, featuring a drive-up window, a drive-up ATM and safe deposit boxes.
Bank officials say they are excited to open their first full-service branch in Riverhead, a market they’ve been interested in for years but were unable to enter due to banking regulations that precluded it because Riverhead was the headquarters of Suffolk County National Bank.
The regulatory restriction was lifted when SCNB was acquired by Connecticut-based People’s United Bank in a deal inked in 2016 and completed last March.
BNB opened its first Riverhead branch last spring in temporary quarters at Summerwind Square, where it had previously opened a loan office, as it worked to renovate the West Main Street space.
Riverhead branch manager David Barczak said Riverhead is “an important market.”
Barczak was joined yesterday for the ribbon cutting by BNB Bank president and CEO Kevin O’Connor, Riverhead Town Supervisor Laura Jens-Smith, Deputy Supervisor Tim Hubbard, Councilwoman Catherine Kent as well as other bank officials and employees.
BNB, founded in 1910, is the only major community bank headquartered on Long Island. It operates 38 retail branches across the island, including locations in Wading River and Mattituck.
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