New Jersey Bankers Association recognizes banks with annual community service awards

The New Jersey Bankers Association recently announced the recipients of this year’s Community Service Awards during NJBankers’ 117th Annual Conference and Exhibit Hall last week in Palm Beach, Florida.

For the last 10 years, Cranford-based NJBankers has recognized New Jersey banks that have demonstrated a strong commitment to the communities they operate in through outreach and initiatives that build and strengthen these communities.

Submissions were judged by a panel of independent judges from outside the banking industry. Submissions were categorized based on the bank’s assets and were judged on the following criteria, impact on the community, level of staff involvement and diversification of efforts and organizations supported.

Winners of each category are:

  • Under $1B in assets: Magyar Bank;
  • $1B – $4.9B in assets: Blue Foundry Bank;
  • $5B – $9.9B in assets: Peapack-Gladstone Bank and Kearny Bank;
  • $10B – $24.9B in assets: Columbia Bank; and
  • $25B+ in assets: Valley Bank.

“The roles banks play in their communities is symbiotic, as they both contribute to the survival of the other. These awards allow us to demonstrate and promote all the great work banks of all sizes, are doing for their communities,” Brittany Wheeler, NJBankers vice president and director of government affairs, said.