Bridge Bancorp, the parent company of Bridgehampton National Bank, recently announced approval of its conversion from a national bank to a New York chartered commercial bank—and a name change, to BNB Bank.
In a statement from the company, Kevin O’Connor, president and CEO of Bridge Bancorp, noted that the change to a state charter had been under consideration for some time. “The primary impact will be more efficiency, both from a regulatory and operational standpoint,” he ensured. BNB Bank will remain a member of the Federal Reserve System.
Regarding the name change, Mr. O’Connor added, “Since early in our history, Bridgehampton National Bank was known as BNB. Continuing as BNB Bank is both a nod to our strong roots on the East End of Long Island, and a look to our future growth.”