Background: The New Jersey Bank holding company was a nationally known financial institution,
yet had no presence in the promising Hudson Valley market in upstate New York.
Solution: Five banks in the region were identified, acquired, and integrated into a single
bank by converting them to a common operating systems platform, centralizing operations, and building a new-business staff.
Result: A competitive commercial banking operation in the Hudson Valley region was established,
resulting in $2.5 billion in deposits and 62 branches.
