03/27/14 5:00pm
03/27/2014 5:00 PM
BARBARAELLEN KOCH PHOTO | Bridgehampton National Bank Mattituck branch manager Deborah Orlowski and her employees will be moving into the former SCNB building on the Main Road in Mattituck this summer after it is remodeled.

BARBARAELLEN KOCH PHOTO | Bridgehampton National Bank Mattituck branch manager Deborah Orlowski and her employees will be moving into the former SCNB building on the Main Road in Mattituck this summer after it is remodeled.

Call it the House that Orlowski Built.

After four years of growth at Bridgehampton National Bank’s shopping center branch in the Mattituck Plaza, the branch and its employees — including longtime Mattituck banker Debbie Orlowski — are moving across Main Road to the brick building recently vacated by Suffolk County National Bank.

“The exterior’s being worked on right now,” said Jim Manseau, who oversees all of the bank’s 26 branches from Montauk to Merrick. “The building was power-washed the other day. We’re going to seal and stripe the parking lot. And we’re doing some pretty decent renovations to the interior — new bathrooms, paint, rugs — an entire re-do.”

The company and landlord are just waiting on town building permits, he said. The plan is to open before the end of summer.

Mr. Manseau said the move was made possible because of how much the Mattituck branch has grown since hiring Ms. Orlowski from Capital One four years ago. She had worked for 38 years at North Fork Bank — back when it was called North Fork Bank and Trust Company and had just six branches — and Capital One before leaving in May 2010 for Bridgehampton.

“We’ve grown from $18 million to $55 million” since acquiring Ms. Orlowski, Mr. Manseau said.

Ms. Orlowski credits her success to the decades’ worth of relationships and trust she’s built with area clients.

“I started here May 3 of 2010 and it’s been wonderful,” she said. “I took a small branch that had been here for about 20 years and actually more than tripled the deposits. I’m kind of proud of that.”

Not much thought went into the decision to lease the building, Mr. Manseau said.

“We were contacted by someone after [Suffolk County National Bank] left and we said, ‘Absolutely,’<\!q>” he said. “We really believe in the Mattituck marketplace and that’s a great space, with plenty of parking and a drive-up window.”

The same staff customers have grown accustomed to in the plaza’s location, which has been in operation since 1992, will also make the move.

“The plan is, when the time comes, we’ll open Saturday in the shopping center and come Monday morning we’ll be open across the street,” Mr. Manseau said.

The 104-year-old Bridgehampton National Bank, which is based in Bridgehampton and just opened a Shelter Island branch last year, is getting ready to open a loan production storefront in Riverhead and is renovating its Southold and Sag Harbor stores, Mr. Manseau said.

The bank is also expanding its footprint to the west.

“We’re in Greenport, Shelter Island and Montauk, so you can’t go farther east,” he said. “But we want to continue to address our more mature marketplaces.”

Officials with Suffolk Bancorp, the parent company of SCNB, announced in November the branch would be closing by March, along with three other branches in Port Jefferson Station, Manorville and Montauk Harbor.

At the time, Suffolk Bancorp president and CEO Howard Bluver said the branches would close to make the bank more “efficient and nimble” and to protect the “best core deposit franchises.”

“Following these actions, we will continue to have the premier branch system in Suffolk County, consisting of 24 branches situated in key locations throughout the entire county,” Mr. Bluver said. He added that the locations were picked for closure following an analysis of the company’s branches by an outside consultant.

The Mattituck branch closed on Feb. 14 and the property, which had been owned by Suffolk Bancorp, was sold shortly thereafter, bank officials said this week.

08/12/13 6:45am
Times/Review Newsgroup hosts legislative debate

GIANNA VOLPE FILE PHOTO | Martha Clara Vineyards will host All for the East End Monday, Aug. 19.

In an effort to sell more tickets to All for the East End, the organizers of the charity concert being held in one week at Martha Clara Vineyards in Riverhead announced Sunday that anyone purchasing tickets this week will receive a second admission free of charge.

The buy one, get one free promotion is being sponsored by Bridgehampton National Bank, which has agreed to donate the cost of the comped tickets.

The show — which features headliners Nile Rodgers and his band Chic along with ‘American Idol’ runner up Adam Lambert and Swedish DJ sensation Avicii — benefits the new non-profit organization All For The East End (AFTEE), which aims to raise funds to support the more than 1,000 not-for-profits on Long Island’s East End with grants. It was also announced in June that comedian Russell Peters, and electro bands Chromeo and Mystery Skulls will also be on the bill.

Tickets for the event can be purchased online at aftee.org for $149.

Mr. Rodgers is best known as one of the founders of the dance band Chic who brought hits like Le Freak (Aw Freak Out!), Everybody Dance and many others. He has worked as a producer with countless musical heavyweights in a wide range of genres from Madonna to David Bowie, Duran Duran and Dianna Ross. More recently, Rodgers co-wrote and played his famous guitar “The Hitmaker” on the new Daft Punk summer anthem “Get Lucky.”

Self taught and only 22 years old, Avicii has already made a name for himself with his inventive electronic music. He recently headlined the Ultra Music Festival with Madonna in Miami and has also completed a $1-million charity tour. He’s currently considered one of the biggest names in all of music.

At a press conference  in Juneannouncing the event, Rodgers said, “Just Avicii and Chic is a good show alone.”

“It’s going to be hard to keep some of [the other acts] off the stage with me because that’s what we do,” he said. “We’re a community that loves to support each other.”

The event will take place at Martha Clara next Monday, Aug.19.

All For the East End (AFTEE) is a new 501(c)(3) non-profit established to raise awareness of the role not-for-profit organizations play across the East End. Working with the Long Island Community Foundation, AFTEE will establish a grant process to bring in new funds and disperse them to the more than 1,000 registered 501(c)(3) organizations on the East End.

“[The event] will be the greatest dance party the East End of Long Island has ever seen,” Mr. Rodgers said. “Dance music unites, dance music is happy and [we] will bring all ages to the dance floor. I say this with a huge amount of humility, but we are really good. I guarantee you’re going to be dancing that night.”

gparpan@timesreview.com

01/30/13 5:00pm
01/30/2013 5:00 PM
PAUL SQUIRE FILE PHOTO | The Bridgehampton National Bank branch in Wading River.

PAUL SQUIRE FILE PHOTO | The Bridgehampton National Bank branch in Wading River.

Bridge Bancorp, parent company of Bridgehampton National Bank, released fourth quarter and year-end results demonstrating what officials called continued positive growth.

Net income for the quarter, ended Dec. 31, 2012, was at $3.4 million, a 16 percent increase over the same quarter in 2011 and at $12.8 million for the year, 23 percent higher than 2011 yearly figures.

At the same time, the bank was reporting its net income for the quarter, it announced that earnings per share were down to 39 cents from 42 cents for the same quarter in 2011.

The lower earnings per share resulted from a higher share count associated with $24 million in capital raised in the fourth quarter of 2011.

Net interest income increased $4.1 million and total assets were at $1.62 billion at the end of 2012, 21 percent higher than they were at the end of 2011.

Loan growth was up 30 percent.

“Our record achievements in 2012 of substantial organic loan, deposit and revenue growth, coupled with strong asset quality and capitalization levels combined to deliver industry leading returns,” said Kevin O’Connor, president and CEO of Bridge Bancorp, Inc. “The key to delivering on our mission is combining our expanding branch network improving technology and experienced professionals with the critical element of local decision making,” he said.

The expansion of the franchise’s geographic reach resulted in increasing core deposits and loans and generating record levels of revenue and income, according to the Mr. O’Connor. The revenue offset what has been higher credit and compliance costs, he said.
Five years after the financial crisis hit in 2008, the banking environment continues to be uncertain, Mr. O’Connor said. There are higher costs associated with compliance and greater capitalization required that affect shareholder expectations, he said. While lower market interest rates have created opportunities for borrowers, there are challenges for banks, he said.

“The eventuality of rising rates is arguably our industry’s greatest challenge and threat,” Mr. O’Connor said. It creates margin pressures and affects credit as businesses adjust to potentially higher borrowing costs, he said.

07/25/12 5:00pm
07/25/2012 5:00 PM

PAUL SQUIRE FILE PHOTO | The Bridgehampton National Bank branch in Wading River.

Bridge Bancorp, the parent company of Bridgehampton National Bank, issued a second quarter report this week showing net income of $3.1 million, a 24 percent increase over net income for the same period in 2011.

The bank — with branches in Greenport, Southold, Mattituck and Wading River, as well as several on the South Fork — plans to open a new branch on Shelter Island later this year.

“This quarter, we again delivered strong results, achieving impressive gains in deposits and loans and record net income,” President and CEO Kevin O’Connor said in a statement.

The bank reported total assets at $1.4 billion as of June 2012, 18 percent higher than last year. Loan growth of $89 million is 15 percent higher this year, as are deposits that total $1.23 billion for the quarter.

While the bank’s numbers are improved this year, Mr. O’Connor said “signs still point toward economic weakness. The recovery has been tepid with a continuing overhand of foreclosed homes and a marked lack of job creation.”

jlane@timesreview.com

02/04/12 4:00pm

KATHARINE SCHROEDER PHOTOS | The North Fork Chamber's Snowflake Gala Friday night.

The North Fork Chamber of Commerce held a Snowflake Gala & Awards Dinner Friday night at Raphael Winery in Peconic, honoring Bridgehampton National Bank CEO Kevin O’Connor and Cross Sound Ferry’s Wronowski family.

After a Mediterranean cocktail hour, chamber president Andy Binkowski presented community service awards to Mr. O’Connor and Adam Wronowski, who accepted on behalf of the Wronowski family.

Suffolk County Legislator Ed Romaine and Southold Town Supervisor Scott Russell were on hand to present awards and Congressman Tim Bishop, who was unable to attend, sent his congratulations.

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