Serving the New York City metropolitan area and Long Island, Ridgewood Savings Bank is New York State's largest mutually owned bank with $4.8 billion in assets. The financial institution operates about 40 branches and loan centers in Brooklyn, the Bronx, Manhattan, and Queens, as well as in Nassau, Suffolk, and Westchester counties. It provides standard retail and commercial deposits, including checking and savings accounts, CDs, and IRAs. It services loans for residential real estate -- mainly for one- to four-family homes -- but also multifamily housing. Loans comprise nearly 90% of the bank's portfolio. Ridgewood Savings Bank was founded in 1921.
The bank, which is managed by a board of trustees, boasts loan centers, as well. It operates a Consumer Loan Center, Mortgage Servicing Center, and a pair of Mortgage Centers located in Garden City Park and in Hicksville. Its retirement plan services department operates out of Bensonhurst, while the bank's mortgage servicing department and training department are housed in Glendale. A maintenance department is located in New Hyde Park and another training center runs in the Bronx in Hicksville and Morris Park.
It also operates a mobile "branch on wheels," which provides banking services to customers living in senior housing facilities. The 40-foot-long mobile bank serves several sites throughout Long Island and Queens. – less