Amboy Bank is an American

bank A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because ...

headquartered in

Old Bridge, New Jersey Old Bridge Township is a township in Middlesex County, New Jersey, United States, located in the Raritan Valley region and within the New York metropolitan area. As of the 2020 United States Census, the township’s population was 66,876, re ...

. Amboy Bank has locations in

Middlesex Middlesex (; abbreviation: Middx) is a Historic counties of England, historic county in South East England, southeast England. Its area is almost entirely within the wider urbanised area of London and mostly within the Ceremonial counties of ...

and Monmouth Counties in central New Jersey, and serves

consumer A consumer is a person or a group who intends to order, or uses purchased goods, products, or services primarily for personal, social, family, household and similar needs, who is not directly related to entrepreneurial or business activities. T ...

and commercial customers. Its deposits are insured to the legal maximum by the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cred ...

(FDIC).

History

Amboy Bank was chartered on May 12, 1888 as ''The First National Bank of South Amboy'' by a group of prominent local businessmen. In the late 1950s the bank began to open branches in the area, and in 1960 the name was changed to First National Bank of South Amboy-Madison Township to reflect the move of its headquarters to nearby Madison Township (later renamed Old Bridge Township). In 1963 the name was changed to Amboy-Madison National Bank, and was shortened to Amboy National Bank in 1991. The bank is now known as Amboy Bank, a name change that occurred in 2008 after the bank converted to a state charter. Amboy Bank has been privately owned since its inception, and has been held by Amboy Bancorporation since 1984. In the mid-1980s, Amboy Bank became one of the first lenders in the United States to offer a biweekly mortgage. Amboy Direct was established in 1995 to provide products to those outside of Amboy Bank’s traditional footprint. In 2003 it transitioned to offering accounts that could be opened online. Amboy Bank has been voted by readers of the Home News Tribune as the Best Bank in Middlesex County for 20 years in a row.

Community involvement

In 1998, the Amboy Foundation was established to provide grants to community organizations that support education, civic, health, and social services.

Locations

Excluding its corporate headquarters, Amboy Bank operates 13 locations in Middlesex County and 10 in Monmouth County.

References

External links

Amboy Bank

Amboy Direct
Banks based in New Jersey Banks established in 1888 Old Bridge Township, New Jersey Companies based in Middlesex County, New Jersey {{Bank-stub