Forbes Recognizes Kearny Bank As One of New Jersey’s Top Five Banks

A prestigious, new Forbes survey has recognized Fairfield-based Kearny Bank as one of New Jersey’s five Best-In-State-Banks. This recognition is focused on customer experiences with specific emphasis on recommendations and overall satisfaction.

Forbes assigned Best-In-State rankings for banks in 49 states based exclusively on information gathered online from a pool of 25,000 private U.S. citizens. The research firm Statista partnered with Forbes in conducting the nationwide survey.

“It’s an honor to be recognized on the Forbes New Jersey list, particularly since our placement was determined solely by input from customers,” says Craig L. Montanaro, President and CEO of Kearny Bank. “Our mantra at Kearny Bank places tremendous importance on providing the best banking experience to all those who utilize our services. The Forbes survey would seem to indicate that this longstanding focus is paying off.”

The five subdivisions in the research, which confirmed Kearny Bank’s inclusion on the New Jersey list, were trust, terms and conditions, branch services, digital services and financial advice.

“The banking sector is intensely competitive, and any bank committed to prospering needs to be doing multiple things right,” explains Eric Heyer, Kearny Bank’s Senior Executive Vice President/Chief Operating Officer. “I’d suggest Kearny Bank’s inclusion on this Forbes listing of New Jersey’s five Best-In-State-Banks demonstrates that we do indeed excel on multiple fronts.”

In 2018, Kearny Bank became the fifth largest community bank in the New York metropolitan area (based on total assets) as a result of its merger with Clifton Savings Bank. Kearny Bank’s total assets increased from $4.8 billion to $6.6 billion upon completion of this merger.

Other banks included on Forbes’ New Jersey listing are OceanFirst Bank, Santander Bank, Beneficial Bank and Investors Bank. The final, New Jersey list is available here.

In its survey, Forbes asked participants to list all banks at which they’d ever had a checking or savings account. From there, they were asked to assign ratings to all banks they’d listed, based on a variety of evaluation criteria. Nationwide, 124 different banks ultimately qualified for inclusion on the appropriate state listing. This total number represents only 2.2 percent of all U.S. banks.

About Kearny Bank

Kearny Financial Corp. is the parent company of Kearny Bank, which operates from its administrative headquarters building in Fairfield, NJ. Kearny Bank has supported the communities it serves since 1884. The bank has assets of $4.8 billion and operates 42 full-service banking offices in northern and central New Jersey, and in Brooklyn and Staten Island, New York. Kearny Bank was recently named to Forbes’ list of the 50 Most Trustworthy Financial Companies.

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Meadowlands Magazine

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