Lincoln 1st Bank has moved its headquarters and geographic hub to a new spot in New Jersey, it announced on Thursday.
The consolidation to Montville Township, the bank said, will aid in its strategy to increase its North Jersey footprint.
The newly renovated, 15,000-square-foot facility is located at 19 Chapin Road, Building D, Suite 1 in Pine Brook. The office will house the bank’s executive management team, deposits and loans, commercial lending, business development, accounting and credit departments. Forty employees located in four offices will all move to the central space to streamline communications and create a seamless integration between the bank’s departments.
“Several of Lincoln 1st Bank’s executive managers and board members grew up and graduated from Montville High School, so they have a deep connection with the town,” Philip Vaz, chief operating officer, said. “We are one of the last true community banks, and we understand our responsibility to support the schools, businesses, athletic recreation programs and local groups in Montville and our surrounding communities.”
The bank was established in 1923 and originated in Lincoln Park.