Northfield Bancorp Inc. (NFBK)

Overview

Northfield Bancorp, Inc., headquartered in Woodbridge, New Jersey, is a prominent bank holding entity for Northfield Bank, established in 1887. The company primarily serves individual and corporate customers, operating full-service banking offices in key locations such as Staten Island and Brooklyn in New York; and Hunterdon, Middlesex, Mercer, and Union counties in New Jersey. Northfield Bancorp, Inc.’s strategic position and extensive banking network underscore its commitment to providing comprehensive financial solutions and services to its clientele.

Products and Services

Northfield Bancorp, Inc. offers a wide range of banking products and services designed to meet the varied needs of its customers. These include:

• Deposit Products: The company accepts various types of deposits including certificates of deposit, passbook and statement savings accounts, and money market savings accounts. It also offers transaction deposit accounts such as negotiable orders of withdrawal accounts, and both interest and non-interest-bearing checking accounts, in addition to brokered deposits. This diversity in deposit products allows customers to choose the best options to suit their savings and transaction needs.
• Loans: Northfield Bancorp extends an array of loans such as multifamily and other commercial real estate loans, construction and land loans, commercial and industrial loans, and one-to-four family residential real estate loans. The bank also offers home equity loans and lines of credit, catering to both personal and business financing requirements.
• Investment Securities: The bank actively purchases various investment securities, including mortgage-backed securities and corporate bonds. This activity not only diversifies the bank's portfolio but also provides customers with opportunities to invest in secure and profitable instruments.
• Other Financial Services: Northfield Bancorp is committed to harnessing technology to enhance customer convenience and banking efficiency. It provides automated teller machines (ATMs), as well as telephone, internet, and mobile banking services. Additionally, the bank offers ACH and wire transfer services, cash management, positive pay, and remote deposit capture services. These digital banking solutions and cash management services ensure that customers can conduct their financial transactions smoothly and securely.