{{Short description|American bank}} {{Infobox company |name = Amboy Bank |logo = Amboy-Bank-Logo.jpg |type = Private company |founded = {{start date and age|1888}} |founder = |defunct = |hq_location_city = Old Bridge, New Jersey |hq_location_country = U.S. |area_served = New Jersey (some products available nationwide) |key_people = |industry = Banking |products = Deposits, mortgages, home equity loans, commercial loans |services = |market cap = |revenue = |operating_income = |net_income = |aum = |assets = $2.32 billion (Q4 2018)<ref name="fdic.gov">{{cite web|url=https://research.fdic.gov/bankfind/detail.html?bank=6423&name=Amboy+Bank&searchName=AMBOY+BANK&searchFdic=&city=&state=&zip=&address=&searchWithin=&activeFlag=&searchByTradename=false&tabId=2|title=FDIC: BankFind Search Details|website=research.fdic.gov|access-date=26 September 2018}}</ref> |num_employees = |num_advisors = |parent = Amboy Bancorp |subsidiaries = Amboy Direct |website = {{URL|https://www.amboybank.com/}} }} '''Amboy Bank''' is an American bank headquartered in Old Bridge, New Jersey. Amboy Bank has locations in Middlesex and Monmouth Counties in central New Jersey, and serves consumer and commercial customers.<ref>{{cite web|url=https://www.amboybank.com/home/about|title=Amboy Bank - Amboy Overview|website=www.amboybank.com|access-date=26 September 2018}}</ref> Its deposits are insured to the legal maximum by the Federal Deposit Insurance Corporation (FDIC).<ref>{{cite web|url=https://research.fdic.gov/bankfind/detail.html?bank=6423&name=Amboy%20Bank&searchName=AMBOY%20BANK&searchFdic=&city=&state=&zip=&address=&searchWithin=&activeFlag=&searchByTradename=false&tabId=2|title=Amboy Bank FDIC overview|website=www.fdic.gov|access-date=2 January 2019}}</ref>

== History == Amboy Bank was chartered on May 12, 1888 as ''The First National Bank of South Amboy'' by a group of prominent local businessmen.<ref>{{cite web|url=http://www1.gmnews.com/2014/05/29/amboy-bank-marks-milestone-anniversary-9/|title=Amboy Bank marks milestone anniversary – GMNews Archive|website=www1.gmnews.com|access-date=26 September 2018}}</ref> In the late 1950s the bank began to open branches in the area, and in 1960 the name was changed to First National Bank of South Amboy-Madison Township to reflect the move of its headquarters to nearby Madison Township (later renamed Old Bridge Township<ref>{{Cite web|url=http://oldbridge.com/history|title=History - Old Bridge, NJ|website=oldbridge.com|access-date=2020-03-09}}</ref>). In 1963 the name was changed to Amboy-Madison National Bank, and was shortened to Amboy National Bank in 1991.<ref name="fdic.gov"/> The bank is now known as Amboy Bank, a name change that occurred in 2008 after the bank converted to a state charter.<ref>{{cite web|url=https://www.nj.gov/dobi/bankmerger_alpha.htm|title=Bank List|website=www.nj.gov|access-date=26 September 2018}}</ref>

Amboy Bank has been privately owned since its inception, and has been held by Amboy Bancorporation since 1984.<ref>{{cite web|url=https://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?parID_RSSD=1048906&parDT_END=19971201|title=InstitutionHistory|website=www.ffiec.gov|access-date=26 September 2018}}</ref>

In the mid-1980s, Amboy Bank became one of the first lenders in the United States to offer a biweekly mortgage.<ref>{{cite web|url=https://www.nytimes.com/1988/10/22/style/consumer-s-world-biweekly-mortgages-a-way-to-build-equity.html|title=CONSUMER'S WORLD; Biweekly Mortgages: A Way to Build Equity|first=Leonard|last=Sloane|website=The New York Times |publisher=|access-date=26 September 2018}}</ref> Amboy Direct was established in 1995 to provide products to those outside of Amboy Bank’s traditional footprint.<ref>{{cite web|url=https://www.amboydirect.com/home/about/direct|title=About Amboy Direct|website=www.amboydirect.com|access-date=26 September 2018}}</ref> In 2003 it transitioned to offering accounts that could be opened online.

Amboy Bank has been voted by readers of the Home News Tribune as the Best Bank in Middlesex County for 27 years in a row.<ref>{{cite web|url=https://www.mycentraljersey.com/story/money/business/2018/02/07/amboy-bank-raises-minimum-wage-15/317028002|title=Amboy Bank raises minimum wage for its employees to $15|publisher=|access-date=26 September 2018}}</ref>

== Community involvement == In 1998, the Amboy Foundation was established to provide grants to community organizations that support education, civic, health, and social services.<ref>{{cite web|url=https://www.guidestar.org/profile/22-3484075|title=Amboy Foundation Inc - GuideStar Profile|website=www.guidestar.org|access-date=26 September 2018}}</ref>

== Locations == Excluding its corporate headquarters, {{as of |2024 |lc=yes}}, Amboy Bank operated 12 locations in Middlesex County and 10 in Monmouth County.<ref>{{cite web|url=https://www.amboybank.com/home/locations|title=Amboy Bank - Locations|website=www.amboybank.com|access-date=29 March 2024}}</ref>

== References == {{reflist}}

== External links == * [https://www.amboybank.com Amboy Bank] * [https://www.amboydirect.com Amboy Direct]

Category:Banks based in New Jersey Category:Banks established in 1888 Category:Old Bridge Township, New Jersey Category:Companies based in Middlesex County, New Jersey

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