13 banks recognized with Community Service Awards by NJBankers

BofA, Investors, Valley, Provident, Columbia, Peapack-Gladstone, Spencer, Northfield and First among those honored

The importance of the banking industry within communities has never been more apparent than during the COVID-19 pandemic — as individuals, companies and municipalities have leaned on these relationships like never before.

The New Jersey Bankers Association recently announced its community service awards to recognized and honor the institutions having the greatest impact in the communities they serve.

Initiated in 1994, this annual program recognizes excellence in community service by its member banks, celebrates their charitable work and shares these efforts with New Jersey’s governing bodies to demonstrate how the industry serves its communities throughout the state.

Member banks first compile and submit summaries of their charitable and service activities throughout the year. These entries are then reviewed by a panel of independent judges.

NJBankers CEO John McWeeney said New Jersey’s banks are committed to the state, whether it be by making contributions, volunteering time and resources, holding a senior citizen’s hand or teaching financial literacy to young adults.

Banks, he said, keep their local communities vibrant and strong by working hand-in-hand with community partners, as well.

“NJBankers is proud of all that our members do to support their local communities. Banks of all sizes make a difference in the daily lives of their neighbors, and that’s been especially true during the COVID-19 pandemic,” he said. “Congratulations to these winning institutions for receiving this special recognition.”

Here are the NJBankers recipients for Gold and Honorable Mention Awards, in their deposit-size categories, respectively:

  • Largest national banks: Bank of America;
  • Banks with deposits over $10B: Investors Bank; Valley Bank;
  • Banks with deposits between $5B-9.9B: Provident Bank; Columbia Bank;
  • Banks with deposits between $2B-$5B: Peapack-Gladstone Bank; Spencer Savings Bank;
  • Banks with deposits between $1B-$2B: Northfield Bank; First Bank;
  • Banks with deposits between $300M-$999M: Century Savings Bank; Crest Savings Bank;
  • Banks with deposits below $300M: United Roosevelt Bank; Lusitania Savings Bank.