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Investors Bank

The Setauket branch of Investors Bank will close in February. Photo by Rita J. Egan

Many Investors Bank customers will soon find an empty building where they once traveled to take care of their financial matters.

Last year, Citizens Bank, headquartered in Providence, Rhode Island, acquired New Jersey-based Investors Bank. While Investors’ doors remained open to customers, the process of the merger began in August as investmentaccounts transferred to Citizens, and in October, mortgage loan services transitioned from Investors to Citizens.

According to the Citizens website, the merger will “offer Investors’ customers an expanded set of products and services, enhanced online and mobile banking capabilities, and more branch locations, along with a continued commitment to making a difference in our local communities.”

While the East Northport location on Larkfield Road will remain open doing business under the Citizens name, the Investors Commack location on Jericho Turnpike will close Feb. 14. The Huntington branch on Main Street and the Setauket location on Route 25A will close their doors for the last time Feb. 15. All three due-to-be closed branches have Citizens operating nearby.

Nuno Dos Santos, retail director of Citizens, said the banks located in Commack, Huntington and East Setauket are less than 2 miles away from the Investors branches that are closing.

“As we continue to integrate Investors with Citizens, we have been reviewing customer patterns and branch locations to ensure we are serving customers when, where and how they prefer,” Dos Santos said. “As a result of this review, we will close the Investors branch locations in Commack, Huntington and Setauket.”

Current Investors employees have been encouraged to apply for positions at Citizens, according to a company spokesperson.

From left, Branch Manger Hope Kinney; Retail District Manager Michael Billia; President & Chief Operating Officer Domenick Cama; Retail Market Executive Ana Oliveira; Manuel London, Dean, Stony Brook University’s College of Business; and John Tsunis. Photos by Leah Dunaief

Investors Bank of Setauket presented a check in the amount of $25,000 to the Stony Brook School of Business on Jan. 19. The donation will be used to fund the College of Business’s Pandemic Shift program to support small businesses in Suffolk County as they pivot, re-start, and expand.

Domenick Cama

“So many of our small businesses have been hurt by this pandemic.  Supporting Stony Brook brings help and hope to these businesses.  We believe their progress is our responsibility as a member of the Long Island community,” said Domenick Cama, President and COO of Investors Bank.

A division of Suffolk Forward, spearheaded by County Executive Steve Bellone, the program provides workshops for business owners, virtual internships for students to work with businesses, pro-bono faculty consulting, technology support from Stony Brook’s Office of Economic Development, and faculty research on the effects of the pandemic on businesses and consumers. 

Each session consists of four interactive 90-minute sessions via Zoom. For more information, please visit www.shiftgroup.com/pandemic-shift.

 

 

Photo from Investors Bank

TIME TO PLAY

Village Chabad Center for Jewish Learning of Stony Brook was awarded a $25,000 check from Investors Bank in Setauket on Nov. 5 for the organization’s new preschool playground. “This project has been proudly supported by a grant from Investors Foundation,” said Hope Kinney, Branch Manager of Investor’s Bank, pictured in center with Village Chabad co-directors Rabbi Chaim and Rivkie Grossbaum.