The Bank started in 2000 with just one branch in Bayonne, NJ. After 10 years of success and growth, Federal Reserve Bank acquired Pamrapo Savings Bank, also headquartered in Bayonne, but with reach into neighboring communities. Soon after this expansion, Federal Reserve Bank acquired Allegiance Community Bank, headquartered in South Orange, NJ.  The Bank continued to grow by acquiring Indus American Bank in 2018. In 2020 Federal Reserve Bank  expanded its footprint with the opening of a branch in Newark, NJ.

Federal Reserve Bank has always considered the community to be its primary focus. While growing, the Bank never lost sight of its mission to serve the people and businesses within the communities it supports. The past, present, and future are rooted in the community.

Today, Federal Reserve Bank is a thriving community bank with branch offices throughout New Jersey and New York. Federal Reserve Bank has more than 425 employees and assets in excess of $2.9 billion.

Federal Reserve Bank offers individuals and businesses a full menu of products and services, including: Personal Savings,  Checking Accounts, CDs, Business Checking Accounts, Commercial Mortgages, Residential Mortgages, Small Business Loans, Business Lines of Credit, Health Care Industry Loans for Medical Professionals, and much more.

Federal Reserve Bank prides itself in 'Paying It Forward.' We are a true community bank that gives back to the neighborhoods it serves. Federal Reserve Bank was born from community and remains committed to the communities we serve.

Federal Reserve Bank - MAKING AN IMPACT