888.562.6727 973.473.2200
 
 
  Timeline
 

A Brief History of Clifton Savings Bank

1928
Botany Building & Loan Association chartered on April 9 by the State of New Jersey. The principal office is located at 215 Dayton Avenue, Clifton, NJ.

1930
The name of the association is changed to East Clifton Building & Loan Association.

1933 The association becomes a member of the Federal Home Loan Bank. The office is moved to 226 Dayton Avenue, Clifton.

Directors & Personnel East Clifton Building & Loan Assn. – October 1938 1940
Insurance of accounts up to $5,000 by the Federal Savings & Loan Insurance Corporation is granted. [The association was one of the first to be approved by FSLIC, and one of the first to be given full insurance coverage.] The office is relocated to 260 Parker Avenue, Clifton, and is opened for business on a full time basis.

1941
The association merges with the American Building & Loan Association of Garfield, New Jersey.

1942
The association merges with the American Hungarian Building & Loan Association.

1954
The name of the association is changed to Clifton Savings & Loan Association.

1956 - A branch office is opened at 1055 Clifton Avenue, Clifton. 1956
A branch office is opened at 1055 Clifton Avenue, Clifton.

1968
A branch office is opened at 595 Van Houten Avenue, Clifton (relocated in 1981 to 646 Van Houten Avenue).

1970
A branch office is opened at 325 Lakeview Avenue, Clifton (relocated in 1976 to 319 Lakeview Avenue).

1971
A branch office is opened at 246 Edison Street, Clifton (relocated in 1991 to 387 Valley Road).

1975
The first branch office outside of Clifton is opened at 255 Palisade Avenue, Garfield, NJ.

1977
A second branch office in Garfield is opened at 359 Lanza Avenue (relocated in 2000 to 369 Lanza Avenue).

1981
Another Clifton branch office is opened at 1433 Van Houten Avenue (this office becomes the association's main office in 1998).

1989
The name of the association is changed to Clifton Savings Bank, S.L.A.

1998
The first drive-up automated teller machine is installed, at the main office. The bank's web site comes on-line.

2003
Branch offices are opened in Wallington and Wayne.

2004
Clifton Savings Bank, S.L.A. reorganized from a New Jersey chartered mutual savings and loan association to a New Jersey chartered stock savings and loan association in the federal mutual holding company format. In connection with the Plan of Reorganization and Stock Issuance, Clifton Savings Bank formed a new federal mid-tier stock holding company, Clifton Savings Bancorp, Inc., and sold a minority of the common shares to the public in a subscription and community offering. A majority of the mid-tier stock holding company's common stock was issued to a federal mutual holding company, Clifton MHC. On March 4, 2004 Clifton Savings Bancorp, Inc. began trading on the NASDAQ National Market under the symbol "CSBK." A new office is opened on Palisade Avenue in Garfield. A drive-up window and walk up Automated Teller Machine were installed in the brand new office located in Wallington.

2007
On September 12, 2007 Clifton Savings Bank converts to a federally chartered savings bank.

2009
A new Athenia office is opened.
Fair Lawn office is opened.

2010
Lyndhurst office is opened.
Botany Village office closed and relocated to 319 Lakeview Ave.
Woodland Park office is opened.