About Us | Freehold Bank

About Us

Our values are at the heart of everything we do. Why? Because the people we serve day-to-day aren’t just our customers, but our neighbors. Integrity. Commitment. Accountability. Relationships. Diligence. At Freehold Bank, those are not just words—they’re a way of life.

 

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

James H. Wainwright

President, Chief Executive Officer

Thomas E. Zarycki

Senior Vice President, Chief Operations Officer, BSA Officer

 

Michael T. Stocko

Senior Vice President, Chief Financial Officer, Treasurer

Kevin W. Hunt

Senior Vice President, Chief Lending Officer
NMLS ID#763542

Maryanne P. Barth

Vice President of Residential Mortgages
NMLS ID#415792

Barbara E. Arcoleo

Assistant Vice President & Corporate Secretary

Hilary De LaMothe

Assistant Vice President, Branch Manager, Assistant Secretary

 

 

 

 

Board of Directors

Lawrence J. Metz

Chairman of the Board
President – Capital Realty & Investment Co.

 

John O. Bennett, III

Attorney

 

James H. Wainwright

President & Chief Executive Officer
Freehold Bank

 

Dwight W. Pittenger, Esq.

VP - Pittenger Builders

 

Dr. Dennis G. Sternberg

Family Dentist

 

James P. Wishbow

Wishbow Construction

 

Thomas E. Zarycki

Senior Vice President & Chief Operations Officer
Freehold Bank

Thomas J. Kemly

President & Chief Executive Officer
Columbia Bank

Summary, Statement of Condition

March 31, 2022

ASSETS
Cash and Investments $66,098,739
Mortgage-backed securities 48,262,340
Federal Home Loan Bank stock 1,751,800
Loans receivable, net 154,267,465
Other assets 23,793,858
Total assets $294,174,202

 

LIABILITIES & RETAINED EARNINGS
Liabilities:
Deposits $213,885,134
Escrows 848,959
Advances from Federal Home Loan Bank 31,478,756
Other Liabilities 3,763,868
Total Liabilities $249,976,717
Retained Earnings 44,197,485
Total Liabilities and Retained Earnings $294,174,202

Home Equity Loans

Tap into the equity in your home. A home equity loan or a home equity line of credit can be used for home improvements, debt consolidation, and educational costs. Our experienced loan staff will answer all your questions and assist you in the application process.

Learn More

 

 

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