Subscribe to Guide
No Result
View All Result
Hamptons.com
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
  • Spotlight Magazine
  • Lifestyle
    • Featured
    • Entertainment
    • Arts
    • Community
    • Dining
    • Recreation
    • Trending
  • Events
    • Events Calendar
    • Post an Event
    • Gallery
  • Real Estate
    • Real Estate Features
    • Search Real Estate
      • Open Houses
      • Search Sales
      • Search Rentals
    • Title Insurance
    • Happening In The Hamptons Podcast
  • Live Cameras
    • All Live Cameras
    • Live Weather Cams
    • Amagansett, Atlantic Avenue Beach
    • Bridgehampton, West Scott Cameron Beach
    • East Hampton Village, Main Beach
    • East Hampton Village, Main Street
    • East Hampton Village, Newtown Lane
    • Hampton Bays, Ponquogue Beach
    • Hampton Bays, Ponquogue Bridge
    • Hampton Bays, Shinnecock Fishing Dock
    • Hampton Bays, Tiana Beach
    • Long Island Aquarium | Coral Reef
    • Long Island Aquarium | Penguins
    • Long Island Aquarium | Shark Tank
    • Montauk, Downtown Circle
    • Montauk, Lars Simenson Skatepark
    • Montauk, Gin Beach & Inlet
    • Montauk, Sunset Beach & Inlet
    • Sagaponack, Sagg Main Beach
    • Sag Harbor, Foster Memorial Beach
    • Sag Harbor, Long Wharf Marina
    • Sag Harbor, Main Street (South)
    • Sag Harbor, Windmill Beach & Bay
    • Shelter Island, South Ferry
    • Southampton, 39A to Montauk Hwy Merge
    • Southampton, Conscience Point Marina
    • Southampton Village, Coopers Beach
    • Southampton Village, Main Street (South)
    • Southampton Village, Main Street (North)
    • Southampton Village, Main Street (Hildreths)
    • Westhampton Village, Main Street (East)
    • Westhampton Village, Rogers Beach
  • Public WiFi
    • Public WiFi Map
    • Public Wi-Fi Support
No Result
View All Result
Hamptons.com
August 2, 2013

Bridgehampton National Bank’s Strong Quarter Of Growth…And Commitment!

Douglas MacKaye Harringtonby Douglas MacKaye Harrington
in Community
Home Community

Bridge Bancorp, Inc., the parent company of Bridgehampton National Bank (BNB), released its Second Quarter 2013 results and they are outstanding. This is not only due to BNB’s sound banking principles and practices, but in no small part because of BNB’s commitment to the community it serves.

Just to get some basic numbers out of the way, BNB had a net income of $3.3 million and $.36 per share, a 6% increase in net income over 2012, with returns on average assets and equity of .79% and 10.74%, respectively. They had a net interest income of $12.3 million, an increase of $.5 million over 2012, with a net interest margin of 3.23%. BNB’s total assets of $1.73 billion at June 2013 were 23% higher than June 2012 and shareholders enjoyed a declared quarterly dividend of $.23 per share in July 2013.

Bridge Bancorp, Inc. President and CEO Kevin M. O’Connor at the AFTEE June press conference to announce the details of the August 19th fundraiser at Martha Clara vineyards. (Photo: Douglas Harrington)



All very impressive indeed, but there are two other numbers equally impressive that I believe reflects BNB’s commitment to the communities of the East End. Many economists have suggested that the slow pace of our economic recovery is due to the lack of willingness of banks to lend, particularly to small businesses and start-ups. Rather disheartening considering the number of banks that accepted tax payer supported bailouts when many of them sat on the precipice of failure due to their own bad practices.

That said BNB, which did not take a dime of bailout money, reported loans that exceeded $900 million, a growth of $222 million or 33%, compared to June 2012. No doubt some of that money was lent to small businesses, builders and start-ups resulting in new hiring and investment in the East End. Clearly BNB’s willingness to lend has been rewarded by its customers, as the bank reported deposits of $1.46 billion, an 18% increase compared to the second quarter of 2012.

Prudence is still clearly necessary as Bridge Bancorp Inc. President and CEO Kevin M. O’Connor noted, “In June 2012, we believed it prudent to protect against developing negative macroeconomic trends. Since then, we have seen continued improvement in the domestic economy driven by job creation and rising home values along with gains in global stock markets. These factors, coupled with a stronger local economy, have resulted in lower credit costs and improved our outlook. We do, however, continue to carefully monitor economic trends as the recovery remains tenuous.”

Prudence aside, BNB’s good neighbor and community involvement is another factor in the bank’s continued strong growth. BNB’s grassroots commitment to the East End has always been steadfast and enduring. A most recent example is the bank’s commitment to All For The East End (AFTEE). BNB is the major corporate sponsor of this initiative to create and consolidate not-for-profit funding for non-profit agencies and service organizations that exclusively serve the five towns of the East End. AFTEE’s first major fundraising event will be the highly anticipated Nile Rodgers Dance Party at Martha Clara Vineyards which is expected to draw tens of thousands of supports and generate hundreds of thousands of dollars for AFTEE. (Hamptons.com is proud to be a media sponsor of this seminal event that will undoubtedly change the face of charitable giving on the East End.)

BNB’s strong growth and good practices has also resulted in the bank’s expanded footprint not only in the East End, but Up-Island as well. Recently a new branch opened on Shelter Island, there is a loan office opening soon in Riverhead and a Bay Shore location is expected to open by year’s end.

“The expansion of our footprint coupled with a continued commitment to our traditional markets, has allowed us to capitalize on the movement of consumers and businesses to “shop local.” For our organization, this has been a key driver of growth, as community banks are the local alternative to regional and national banks. Our ability to deliver superior service and local decision making has been central to our growth and strong financial returns,” noted Mr. O’Connor.

Shop local indeed…bank local as well! Particularly with local banks like BNB that are invested in and committed to the communities they serve.

Sign up for our weekly newsletter!

Get the top Hamptons events and latest scoop!

What's Happening in the Hamptons

Related Posts

Hamptons Fourth of July Fireworks Guide
Entertainment

Hamptons Fourth of July Fireworks Guide

July 2, 2025
Kulson’s Summer Kickoff at Sage & Madison
Gallery

Kulson’s Summer Kickoff at Sage & Madison

June 25, 2025
Montauk’s Blessing of the Fleet is a Success
Community

Montauk’s Blessing of the Fleet is a Success

June 17, 2025

Search Articles

No Result
View All Result

LOCAL EVENTS

Events

03
Jul
03
Jul
-
03
Jul

Toddler & Teeny Tumbling (ages 18mos – 3yrs)

July 3 @ 09:15 AM - July 3 @ 10:00 AM
44 Meadow Way East Hampton, NY 11937
03
Jul
03
Jul
-
06
Jul

The Hub X Paws for a Cause

July 3 @ 10:00 AM - July 6 @ 06:00 PM
The HUB 2183 Montauk Highway Bridgehampton, NY 11932
03
Jul
03
Jul
-
20
Jul

Untitled Art Show – Water Mill Museum – Local Artists

July 3 @ 11:00 AM - July 20 @ 04:00 PM
The Water Mill Museum
03
Jul
03
Jul
-
03
Jul

Champagne Reception Celebrating Renowned Fashion Photographer Dean Isidro’s Solo Exhibition ‘Sabi Beach”

July 3 @ 05:00 PM - July 3 @ 07:00 PM
2385 Montauk Highway, Bridgehampton, NY 11932
03
Jul
03
Jul
-
03
Jul

Caviar & Champagne Tasting

July 3 @ 05:00 PM - July 3 @ 08:00 PM
181 Main Street, East Hampton, NY 11968
Load more listings
Next Post
Clamshell Foundation Holds 22nd Annual Sandcastle Contest At Atlantic Beach In East Hampton

Clamshell Foundation Holds 22nd Annual Sandcastle Contest At Atlantic Beach In East Hampton

    Facebook Twitter Instagram Youtube
    Hamptons.com

    Saunders Broadcasting Corp.

    Phone: 631-613-8440
    Email: [email protected]
    Facebook: Facebook.com/HamptonsOnline
    Twitter: @Hamptons
    Instagram: @HamptonsOnline

    About Us | Contact Us

    Hamptons.com

    • Lifestyle
    • Events
    • Real Estate
    • Live Cameras
    • Public WiFi

    Subscribe

    Sign up for our weekly newsletter!

    Get the top Hamptons events and latest scoop!

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us

    No Result
    View All Result
    • Spotlight Magazine
    • Lifestyle
      • Featured
      • Entertainment
      • Arts
      • Community
      • Dining
      • Recreation
      • Trending
    • Events
      • Events Calendar
      • Post an Event
      • Gallery
    • Real Estate
      • Real Estate Features
      • Search Real Estate
        • Open Houses
        • Search Sales
        • Search Rentals
      • Title Insurance
      • Happening In The Hamptons Podcast
    • Live Cameras
      • All Live Cameras
      • Live Weather Cams
      • Amagansett, Atlantic Avenue Beach
      • Bridgehampton, West Scott Cameron Beach
      • East Hampton Village, Main Beach
      • East Hampton Village, Main Street
      • East Hampton Village, Newtown Lane
      • Hampton Bays, Ponquogue Beach
      • Hampton Bays, Ponquogue Bridge
      • Hampton Bays, Shinnecock Fishing Dock
      • Hampton Bays, Tiana Beach
      • Long Island Aquarium | Coral Reef
      • Long Island Aquarium | Penguins
      • Long Island Aquarium | Shark Tank
      • Montauk, Downtown Circle
      • Montauk, Lars Simenson Skatepark
      • Montauk, Gin Beach & Inlet
      • Montauk, Sunset Beach & Inlet
      • Sagaponack, Sagg Main Beach
      • Sag Harbor, Foster Memorial Beach
      • Sag Harbor, Long Wharf Marina
      • Sag Harbor, Main Street (South)
      • Sag Harbor, Windmill Beach & Bay
      • Shelter Island, South Ferry
      • Southampton, 39A to Montauk Hwy Merge
      • Southampton, Conscience Point Marina
      • Southampton Village, Coopers Beach
      • Southampton Village, Main Street (South)
      • Southampton Village, Main Street (North)
      • Southampton Village, Main Street (Hildreths)
      • Westhampton Village, Main Street (East)
      • Westhampton Village, Rogers Beach
    • Public WiFi
      • Public WiFi Map
      • Public Wi-Fi Support

    © 2025 Hamptons.com | All rights reserved
    Saunders Broadcasting Corp.
    Terms & Conditions | Privacy Policy | About Us | Contact Us