Somerset Hills Bancorp

Description

Somerset Hills Bancorp operates as the bank holding company for Somerset Hills Bank that provides banking and other financial services in Somerset, Morris, and Union counties, New Jersey. Its deposit products include personal and business checking and savings accounts, certificates of deposit, time deposits, noninterest-bearing demand deposits, NOW accounts, money market accounts, and Escrow Ease accounts. The companys loan products portfolio comprises commercial loans for business purposes; construction, and land and land development loans; commercial mortgages, including loans secured by first liens on completed commercial properties to purchase or refinance such properties; residential mortgages comprising loans secured by first liens on residential real estate; and consumer loans consisting of home equity loans secured by first or second liens offered to the small-to-medium sized businesses, high net worth individuals, professional practices, and consumer and retail customers. It also offers checks, telephone banking, bill payment, safe deposit box, and refunds for foreign ATM fees. In addition, the company offers insurance services, securities brokerage, and investment advisory services, as well as provides title insurance agency services in connection with commercial real estate transactions. As of March 31, 2012, it operated 6 banking offices, including its main office in Somerset County; 4 branch offices in Morris County; and 1 branch office in Union County, New Jersey. The company was founded in 1997 and is based in Bernardsville, New Jersey. As of May 31, 2013, Somerset Hills Bancorp operates as a subsidiary of Lakeland Bancorp Inc.

Tags:

Loans and Financial, Banking Insurance, Retail Banking Loans, Individual Banking, Investment Banking and Financial Services Company, Bank Securities, Real Estate Banking, Business Loans, Investment Loans, Banking Markets, Personal Loans, Market Loans