Investors Bancorp (ISBC) in Short Hills, N.J., has broken ground on the first of four new branches it plans to open on Staten Island in New York City.
The $16.4 billion-asset Investors said Tuesday that it plans to open the four offices between now and the first quarter of next year. The first will be in the Grasmere neighborhood, with others to follow in Tottenville, New Drop and Castleton Corners.
"Staten Island is known for its caring, close-knit neighborhoods, and we will combine our banking expertise and commitment to community service to make meaningful contributions to the local economy and organizations that meet the needs of many people," said Domenick Cama, chief operating office at Investors Bank, in a news release.
Investors has just one branch on Staten Island, which it inherited following its 2012 acquisition of Marathon National Bank in Queens. It operates roughly 125 branches in New Jersey and New York.