Northfield Bancorp

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Northfield Bancorp is a publicly traded company that operates as the holding company for Northfield Bank, a federally-chartered stock savings bank. The company was founded in 1887 and is headquartered in Woodbridge, New Jersey. Northfield Bank offers a variety of financial services to individual and business customers, including deposit accounts, loans, and investment products. The bank has over 40 branch locations in New Jersey and New York. Northfield Bancorp is listed on the NASDAQ exchange under the ticker symbol NFBK. The company’s mission is to provide high-quality customer service and strong financial performance for its shareholders.

1. Long History: Northfield Bancorp has been in business since 1887, making it one of the oldest savings and loan associations in the United States. This long history demonstrates the company’s stability and reliability.
2. Strong Community Presence: Northfield Bancorp is deeply rooted in the communities it serves. The company is committed to supporting local businesses and organizations, and encourages its employees to volunteer and give back to the community.
3. Focus on Personal Service: With a network of over 37 branches, Northfield Bancorp maintains a strong focus on providing personalized service to its customers. The company prides itself on building relationships with its clients and tailoring its services to meet their needs.
4. Financial Stability: As a publicly traded company, Northfield Bancorp is transparent about its financial performance. The company has consistently maintained strong financials and has a solid track record of profitability, making it a reliable and trustworthy institution.
5. Diversified Product Offerings: Northfield Bancorp offers a range of financial products and services, including mortgages, home equity loans, business banking, and insurance. This diversification helps to mitigate risk and provides customers with a one-stop-shop for their financial needs.
6. Commitment to Innovation: Despite its long history, Northfield Bancorp is committed to staying current with technological advancements and investing in the latest tools and systems to make banking easier and more convenient for its customers.
7. Strong Corporate Governance: Northfield Bancorp’s board of directors is composed of experienced professionals with diverse backgrounds, providing strong oversight and governance of the company’s operations.
8. Strong Performance: Over the years, Northfield Bancorp has consistently delivered solid financial results for its shareholders. The company has a strong record of increasing its dividend payments, making it an attractive investment option.

Northfield Bancorp is a financial holding company that operates primarily through its subsidiary, Northfield Bank, a federal savings bank. The company’s business model is to provide a range of banking services to individuals, businesses, and institutions in the communities it serves.
The key components of Northfield Bancorp’s business model include:
1. Community Banking: Northfield Bank offers a full range of deposit and loan products to individuals, businesses, and institutions in the communities where it operates. This includes traditional banking services such as checking and savings accounts, mortgages, and commercial loans.
2. Relationship Banking: The company focuses on building long-term relationships with its customers by providing personalized service and customized financial solutions that meet their unique needs.
3. Diversified Revenue Streams: Northfield Bancorp generates revenue from various sources, including interest income from loans and investments, fees from products and services, and gains from the sale of loans and investments.
4. Risk Management: The company has a strong risk management framework in place to identify, monitor, and manage risks associated with its business operations.
5. Expansion and Growth: Northfield Bancorp acquires or establishes new branches in strategic locations to expand its geographic presence and grow its customer base.
6. Technologically Advanced: The company invests in technology to enhance customer experience, improve operational efficiency, and ensure security.
7. Thrift Structure: Northfield Bancorp operates as a thrift institution, which allows it to access low-cost funding sources, such as deposits from customers, to support its lending activities.
Overall, Northfield Bancorp’s business model is focused on providing quality financial products and services to its customers while managing risks and driving growth and profitability.

1. Northfield Bancorp was originally founded in 1887 as the Northfield Building and Loan Association in Staten Island, New York.
2. The company changed its name to Northfield Bancorp in 1997 and became a fully public company listed on the NASDAQ stock exchange.
3. Northfield Bancorp has over $5.8 billion in assets and serves over 235,000 customers through 40 branches across New York and New Jersey.
4. The company specializes in residential and commercial real estate lending and offers a variety of mortgage products and services.
5. Northfield Bancorp has been recognized as one of Forbes’ Best Banks in America for six consecutive years.
6. The company has also been included in S&P’s Global Market Intelligence list of the 100 best-performing community banks in the United States for three years in a row.
7. Northfield Bancorp is committed to giving back to the community and has donated over $1.5 million to local organizations and charities in the past five years.
8. In 2019, Northfield Bancorp received an Outstanding Community Service Award from the New York Housing Conference for its commitment to affordable housing and community development.
9. The company has a diverse workforce with over 450 employees from different backgrounds and cultures.
10. Northfield Bancorp is a member of the Federal Home Loan Bank System, providing access to additional resources and support for its lending activities.
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