SMITHTOWN, NY -- (Marketwire) -- 06/24/10 -- Bank of Smithtown (a subsidiary of Smithtown Bancorp) (NASDAQ: SMTB) has opened its newest branch in Manhasset located at 384 Plandome Road. It is the Bank's 30th branch, and the Bank's seventh branch in Nassau County.
The Bank's Chief Executive Officer, Brad Rock, commented: "The Manhasset branch is well-located on Nassau County's North Shore in the heart of the Manhasset shopping district on Plandome Road, which is the main north/south artery through the hamlet. The Manhasset branch complements our existing Nassau County branches located in Port Washington, Greenvale, Garden City, West Hempstead, East Hills and Great Neck. We look forward to serving the small business community and residents in the area."
Bank of Smithtown currently has three other new branch projects in various stages of development in Brentwood, Hicksville and Bayport. Those branches are expected to open later this year or early next year.
With approximately $2.4 billion in assets, Bank of Smithtown is the largest independent commercial bank headquartered on Long Island. Founded in 1910, Bank of Smithtown is nearing its 100th anniversary as a community bank. The stock of its parent holding company, Smithtown Bancorp, is traded on the NASDAQ Global Select Market under the symbol "SMTB."
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