Our History
Freehold Bank is Monmouth County’s oldest savings institution. Based on over 167 years of service, we have remained a strong and stable financial institution in New Jersey.
The Bank was founded on September 12, 1853 as the Freehold Mutual Loan Association, a name that was retained until 1955. Thereafter, re-named to Freehold Savings and Loan Association which was then reorganized into a three-tier mutual holding company structure on January 1, 2009 by forming a top-tier mutual holding company, Freehold MHC, and a mid-tier stock holding company, Freehold Bancorp. Common stock was not offered to depositors or the general public in connection with the reorganization and the name was changed to Freehold Savings Bank. On September 28, 2018, the Bank’s charter converted from a Federal Savings Bank to a New Jersey State Mutual Savings Bank. With this conversion taking place, the Bank is now regulated by the Federal Deposit Insurance Corporation (“FDIC”) and the New Jersey Department of Banking and Insurance (“NJDOBI”). The Federal Reserve Bank (“FRB”) continues to oversee the Holding Company. On October 29, 2019, the Bank’s name was changed to Freehold Bank.
Bank Executives
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James H. Wainwright
President, Chief Executive Officer
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Thomas E. Zarycki
Senior Vice President, Chief Operations Officer
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Michael T. Stocko
Senior Vice President, Chief Financial Officer, Treasurer
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Kevin W. Hunt
Senior Vice President, Chief Lending Officer
NMLS ID#763542
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Maryanne P. Barth
Vice President of Residential Mortgages
NMLS ID#415792
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Barbara E. Arcoleo
Assistant Vice President & Corporate Secretary
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Hilary De LaMothe
Assistant Vice President, Branch Manager, Assistant Secretary
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Ana Amaral
Assistant Vice President, BSA Officer
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Board of Directors
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Lawrence J. Metz
Chairman of the Board
President – Capital Realty & Investment Co.
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John O. Bennett, III
Attorney
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James H. Wainwright
President & Chief Executive Officer
Freehold Bank
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Dwight W. Pittenger, Esq.
VP - Pittenger Builders
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Dr. Dennis G. Sternberg
Family Dentist
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James P. Wishbow
Wishbow Construction
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Thomas E. Zarycki
Senior Vice President & Chief Operations Officer
Freehold Bank
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Thomas J. Kemly
President & Chief Executive Officer
Columbia Bank
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Summary, Statement of Condition
May 31, 2023
ASSETS
| Cash and Investments |
$36,792,957 |
| Mortgage-backed securities |
51,335,445 |
| Federal Home Loan Bank stock |
1,775,600 |
| Loans receivable, net |
176,097,601 |
| Other assets |
24,765,237 |
| Total assets |
$290,766,840 |
LIABILITIES & RETAINED EARNINGS
| Liabilities: |
| Deposits |
$213,326,883 |
| Escrows |
612,438 |
| Advances from Federal Home Loan Bank |
31,296,592 |
| Other Liabilities |
3,426,193 |
| Total Liabilities |
$248,662,106 |
| Retained Earnings |
42,104,734 |
| Total Liabilities and Retained Earnings |
$290,766,840 |
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