Annual Wish Tree Collection for Children in Need this Christmas - During the month of December, we will once again be collecting new, unwrapped gifts for children at each of our 12 conveniently located branches for our Annual Wish Tree Program. Each of our branches will be displaying a Christmas tree decorated with ornaments and gift tags for the collection beginning on Friday, Dec. 1st and running through Thursday, Dec. 21st. Both customers and ASB Associates are encouraged to take a tag and an ornament from the tree and return a new, unwrapped gift suitable for a child from newborn to age 16. The gifts will be presented to local charitable organizations including Passaic County Casa for Children, New City Kids, Oasis, New Hope Ministries, CUMAC, Harvest Outreach Ministries, Family Promise of Morris County and Westwood Cares to distribute to children in need this Christmas.
Christian Health Care Center Honors ASB at Celebration of Excellence! https://youtu.be/mQmi6aK0_gM
ASB Announces New Leading Rate Account (LRA) - We recently introduced a new way to save with an alternative money market account earning the Fed Funds Rate. In the U.S., the federal funds rate is the interest rate at which depository institutions, like banks, lend reserve balances to other similar institutions overnight. In short, those institutions with surplus balances lend those balances to institutions in need of larger balances. The interest rate that the borrowing bank pays to the lending bank is negotiated and the weighted average of this rate across all such transactions is the “effective federal funds rate” (EFFR). The New York Federal Reserve EFFR is not controlled by ASB and it's a terrific option for customers that do not want to lock into a rate when exploring a savings plan.
“In a great economy, the rate can soar to new heights,” said Paul Van Ostenbridge, President and CEO of Atlantic Stewardship Bank. “Our customers can now get both flexibility and a competitive rate of return on an investment that is truly a one-of-a-kind in the U.S. with a Leading Rate Account (LRA) from ASB.”
The LRA is yet another way to save as we continue to create new options for our customers. It’s what we do! Learn more about ASB’s new LRA by visiting ASBnow.com.
ASB Appoints Rahbar Ameri to Senior Vice President/SBA Director - Paul Van Ostenbridge, President and Chief Executive Officer of Atlantic Stewardship Bank, recently announced the appointment of Rahbar Ameri to Senior Vice President/Small Business Administration (SBA) Director. Mr. Ameri will manage ASB’s new SBA Department, which is a value-added lending solution for small businesses that do not meet traditional lending requirements. Mr. Ameri has over 25 years of banking experience including management, internal auditing, credit analysis and lending with a skilled background in commercial lending and expertise in SBA lending. In his new role as SBA Director, Mr. Ameri will be responsible for managing the entire SBA process, from establishing products and policies to cultivating, underwriting and closing loans for business customers.
Click here to learn more today!
One-On-One with Steve Adubato and Paul Van Ostenbridge -
Check out our One-On-One with Steve Adubato and let us know what you think! http://bit.ly/One-on-One2019_Ostenbridge
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