The announcement was made by John R. Buran, President and Chief Executive Officer.

Mr. Buran stated: "Manhattan is an attractive market for corporate and business banking. Our original Manhattan-based Business Banking team led by Mary Ellen Bianco was assembled back in 2011 when we opened our office at 225 Park Avenue South. We are quite pleased with the success of this venture and have decided to expand our Manhattan presence by adding an additional team of experienced and well-regarded Business Bankers who each come with over 20 years of experience. Our new Manhattan team will consist of George Bader as the Team Leader along with Greg Misciagna, Denis Healy, and Louis Matti as Business Bankers. To accommodate this expansion, we have opened a new office at 99 Park Avenue and plan to open a new branch location at this same address in the summer of 2015."