Investors Bank
| Company type | Public (formerly) |
|---|---|
| Industry | Banking |
| Predecessor | Washington Rock Building and Loan Association (1926) |
| Founded | 1926 |
| Defunct | 2022 |
| Fate | Acquired by Citizens Financial Group |
| Headquarters | Short Hills, New Jersey , United States |
Area served | New Jersey, New York |
| Products | Banking services |
| Parent | Citizens Financial Group (2022–present) |
Investors Bank was a publicly listed, comprehensive bank with its main office located in Short Hills, New Jersey. It maintained a network of more than 150 branches throughout New Jersey and New York.
Operating as an independent institution from its inception in 1926 until its acquisition in 2022 by Citizens Financial Group, Investors Bank continued as a subsidiary post-purchase. Citizens Financial Group gradually merged operations, finalizing the conversion of all branches to the Citizens Bank brand by February 28, 2023.
History
The bank was originally established in 1926 under the name Washington Rock Building and Loan Association. It adopted the title Investors Savings and Loan Association in 1942. Following various mergers and growth phases, it evolved into Investors Savings Bank.
In 1997, the institution shifted from being a New Jersey-chartered mutual savings bank to a stock savings bank, restructuring under Investors Bancorp, Inc., a holding company incorporated in Delaware. Investors Bancorp Inc. launched its initial public offering on the NASDAQ in 2005. The bank updated its brand to Investors Bank in 2011 and achieved full public ownership status by May 2014.
The purchase by Citizens Financial Group in 2022 concluded Investors Bank’s independent operations, with all locations rebranded as Citizens Bank by early 2023.
Acquisitions
- 1942: Millburn Building and Loan Association
- 1943: Connecticut Farms and Battle Hill Building and Loan Associations
- 1947: Brick Church Savings and Loan Association
- 1958: Lyons Farms Building and Loan Association
- 1963: Divident Hill Savings and Loan Association
- 1969: Plainfield Savings and Loan Association
- 1973: Camptown Savings and Loan Association
- 1977: Supreme Savings and Loan Association
- 1991: East Jersey Savings Bank
- 1995: Five Carteret Federal Savings Bank branches
- 2008: Summit Federal Savings Bank
- 2009: American Bank of New Jersey; six Banco Popular branches in New Jersey
- 2010: Seventeen Millennium BCP Bank branches (U.S. operations; four later divested)
- 2012: Brooklyn Federal Savings Bank; Marathon Bank
- 2013: Roma Bank; RomAsia Bank
- 2014: GCF Bank
- 2019: Gold Coast Bank
- 2021: Eight branches from Berkshire Bank located in New Jersey and eastern Pennsylvania