Exciting News from Ion Bank

Naugatuck CT

26 November, 2021

12:30 PM

Description

As we celebrated our 150th Anniversary in 2020 and continue to set the pathway for our bright and promising future of growth and stability, we are excited to announce that Ion Financial, MHC has entered into an agreement to acquire Lincoln 1st Bank of New Jersey. Founded in 1923, Lincoln 1st is a community bank in Morris County, serving individuals, families, and businesses with branch locations in Montville and Lincoln Park, NJ. When the merger is completed, Lincoln 1st Bank will become part of the Ion Financial, MHC family and display the Ion Bank name on their branch locations. With this new partnership, our combined entity is expected to have $2.0 billion in assets. There will be no change to your current Ion Bank accounts, hours of operation, fees, or friendly personalized service from the local, familiar employees at Ion Bank that you've come to know and trust. We're proud and excited to be expanding the footprint of CT's Best Small Bank, as named by Newsweek, and promise to continue delivering the products and services you expect to identify and achieve your financial goals, provided by our knowledgeable, talented, and dedicated employees. We are grateful for your loyalty and look forward to continue meeting and exceeding your expectations for personal attention and service as we welcome Lincoln 1st Bank to the Ion Financial, MHC family. Very truly yours, David RotatoriPresident & CEO