Oritani Bank
Oritani Bank
545 Shaler Boulevard
Ridgefield, NJ 07657
Phone: (201) 941-3800

Business Hours:
Mon-Fri 8- 6
Sat 9-12
24-Hr ATM access

Message from Oritani's Chairman, President and CEO - Kevin Lynch:
Amidst a severe recession, high unemployment and a great deal of trepidation about the banking industry, consumers and businesses alike certainly have reason to be concerned about the financial stability of the companies they do business with. It seems like every time you turn on the TV you hear more alarming news about financial institutions in major distress. And now billions of taxpayers’ dollars are at stake as the Obama administration tries to figure out how to rescue the nation’s big banks and solve the looming economic crisis.

Thankfully, Oritani Bank has remained rock-solid and well-capitalized since 1911. Our year-end numbers are in and our Tier One Risk Based Capital Ratio at 12/31/08 was 15%, twice the capital of most of our competitors and almost 4 times FDIC minimums. Also, in peer group comparisons issued by the FDIC and bank research groups, Oritani’s profitability, efficiency, asset quality and stock performance consistently equals or exceeds our competitors.

Unlike many banks who are struggling to merely stay afloat, Oritani Bank is undergoing major growth. Our total deposits have grown $181 Million or 26% since 6/30/08. Over this same timeframe, our loans grew $196 million, a 19.5% increase in just six months. Loan growth was fueled by originations of $266 million in the six month period. In addition, our loan originations for the year were $477 million, a 62% increase over the 2007 total. Two new branches were opened in Jersey City and Emerson and our expansion plans include at least two more branch openings in ’09 – one in Bergenfield and another in Jersey City.

Our core philosophies and strong business plans have helped us stay on track and avoid the pitfalls that many of our competitors are now facing. We have recently expanded our leadership team and commercial lending team with experienced managers, business development officers and lenders who will shepherd our growth as we approach our centennial. We have also focused our attention on compliance, branch management, marketing and operations – all of which have kept us healthy and allowed for expansion. Our capital base fully supports our growth plans and provides strong support for our lending operations. Therefore, rest assured, banking with Oritani is a smart and safe choice.

We have been taking care of business since 1911 and we expect to continue doing just that for many, many years to come. Come talk to one of our commercial loan officers, business development officers or any of our retail staff throughout our 21 branches. You will be glad you did.

Visit us at one of our conveniently located branches or
Call us at (201) 941-3800

© 2008 Oritani Bank • All Rights Reserved •
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