Community

Hawthorne, NJ – Ascendia Bank, a 100-year-old financial institution formerly known as Glen Rock Savings Bank, has made charitable donations to a variety of organizations in the northern New Jersey communities it serves. The bank’s latest philanthropic efforts include donations to:

• Ridgewood YMCA in Ridgewood ($2,500)
• The Good Shepherd Mission, a drug and alcohol abuse rehabilitation center, in Paterson ($5,000)
• Passaic County Habitat for Humanity in Paterson ($5,000)
• The Apostles’ House, a shelter and social services organization in Newark ($5,000)

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Community banks adapt to changing times to better serve customers, and stay relevant.

Community banks are at a crossroads. Particularly coming out of the pandemic, with its boost in the adoption of digital processes and conveniences in all facets of life, the time to innovate or suffer the consequences – namely, consolidation or closure – is nigh. According to the CSBS 2022 National Survey of Community Banks, the percentage of bankers who said that adopting new tech was “extremely important” doubled […]

10,000-square-foot space to house senior management, accounting and residential and commercial lending departments; office will open to mortgage customers Nov. 14.

Hawthorne, NJ – Ascendia Bank a 100-year-old financial institution formerly known as Glen Rock Savings Bank, will move into a spacious new headquarters at 11 Harristown Road in Glen Rock on November 10th. The new facility will commence operations on Monday, November 14th.

Ascendia Bank’s new headquarters will be the hub for all of the four-branch bank’s operations, including offices […]

Highlights included special Centennial products – 100-Day CD, 18-Month Ascending Rate “Bump Up” CD and Tiered Money Market Accounts – as well as an instant cash promotion, refreshments and giveaways.

Hawthorne, NJ – Ascendia Bank, a 100-year-old financial institution formerly known as Glen Rock Savings Bank, hosted well-attended Centennial Celebration events on Saturday, October 8^th at all four of its branch offices, located at 175 Rock Road in Glen Rock; 250 Lincoln Avenue in Hawthorne; 474 Prospect Avenue in West Orange; […]

Highlights include instant cash giveaways and special financial products, including a celebratory 100-day Centennial CD and a Tiered Centennial Money Market Account.

Hawthorne, NJ – Ascendia Bank, formerly Glen Rock Savings Bank, will mark its 100^th year on October 8th with a Centennial Celebration from 9am-12pm at each of its four branches: 175 Rock Road in Glen Rock; 250 Lincoln Avenue in Hawthorne; 474 Prospect Avenue in West Orange; and 83 Northfield Avenue in West Orange.

All are welcome to attend, and […]

Events included special “Ascending Rate Bump-Up CD” offer, giveaways, refreshments and raffles.

Hawthorne, NJ – Ascendia Bank, formerly Glen Rock Savings Bank, celebrated its new name and refreshed identity with a Rebranding Celebration on Saturday, May 14^th at its four branches, located at 175 Rock Road in Glen Rock; 250 Lincoln Avenue in Hawthorne; 474 Prospect Avenue in West Orange; and 83 Northfield Avenue in West Orange. The celebrations were a precursor to the Bank’s 100^th Anniversary in September.

The well attended […]

Event will include a special “Ascending Rate CD” offer, giveaways, refreshments and raffle for a Microsoft^® Surface Go 3

Hawthorne, NJ – Ascendia Bank, formerly Glen Rock Saving Bank, will celebrate its new name and refreshed identity with a Rebranding Celebration on Saturday, May 14^th from 9am–12pm at all four branch locations:

• 175 Rock Road, Glen Rock
• 250 Lincoln Avenue, Hawthorne
• 474 Prospect Avenue, West Orange
• 83 Northfield Avenue, West Orange

The financial institution has served the personal and commercial banking needs […]

Finance veteran Matthew Levinson named CFO; Ridgewood YMCA CEO Ernest Lamour joins Board of Directors

Hawthorne, NJ – Ascendia Bank (formerly Glen Rock Savings Bank), which has served the personal and commercial banking needs of northern New Jersey customers since 1922, has added two senior-level executives to its leadership team.

First, Matthew Levinson has been named Ascendia Bank’s Chief Financial Officer. As CFO, Mr. Levinson will oversee a broad range of internal finance-related responsibilities, including financial reporting, budgeting, and management of the […]

Bank’s new name and corporate identity created to better reflect a wider geographic footprint and an expanded portfolio of products and services. Branch locations, management and staff remain unchanged.

West Orange, NJ – Glen Rock Savings Bank, which has served the personal and commercial banking needs of northern New Jersey customers since 1922, has officially rebranded as Ascendia Bank, effective as of October 25, 2021. The new name and brand image is not tied to any new ownership or acquisition, nor […]

Glen Rock Savings Bank recently distributed its third and final round of financial relief per the Federal Home Loan Bank of New York’s (FHLBNY) COVID-19 Small Business Recovery Grant program. GRSB’s latest allotment totaled $30,000 and was presented to two area non-profits and one local business. In total, Glen Rock Savings Bank has distributed $100,000 through the program.

The FHLBNY’s COVID-19 Small Business Recovery Grant program set aside approximately $2 million to benefit the employees of its Tri-State Area members’ small […]