CSBK Announces Official Opening of Hoboken Banking Center and Plans for Montclair Banking Center

CLIFTON, N.J.–(BUSINESS WIRE)–CSBK (Clifton Savings Bank), today announced the official opening of its
Hoboken Banking Center and its plans to open a new banking center in
Montclair, New Jersey.

Tricia Hrotko, Executive Vice President and Chief Revenue Officer at
CSBK, stated, “As we approach the two-year mark as a fully public
company, we are pleased to announce the opening of our Hoboken location
and plans for another full-service location in Montclair. As part of our
overall banking center plan, each location embodies every aspect of our
organic growth strategy: a diverse, densely populated city/town where
there is a desire for authentic, local community banking; an open,
modern and inviting space allowing for a more personable interaction
with our customers; and purposefully placed technology to assist clients
with everyday banking needs and communicate our unique product and
service features. In addition, our new, and existing, banking centers
are now staffed by Client Service Specialists who are adept at serving
our customers on whatever matter brought them into the Bank – thus
obliterating the functional dividing line between transactions and
account service needs.”

The Hoboken Banking Center is at 1470 Garden Street at the corner of 15th,
within the “Park + Garden” multi-use residential and commercial
development by Bijou Properties. Initial hours of operation will be
Monday through Friday 8AM – 6PM and Saturdays 9AM to 1PM; there is a
24/7 ATM available. Additional amenities that will be added in the
coming months include “By Appointment Only” hours as well as the
opportunity to receive a one-hour parking validation for scheduled
appointments at the Hudson Tea Garage located across the street. Grand
opening festivities are being planned for Spring 2016.

CSBK’s Montclair Banking Center will be located within “Valley & Bloom,”
638 Bloomfield Avenue at the corner of Valley Road. The mixed-use
development consists of two six-story buildings with 258 residential
units, 24,500 square feet of office space and 25,500 square feet of
retail space developed by Pinnacle Properties and operated by LCor
Residential. There is also a planned 2nd phase, which
includes “The MC,” a 148-room boutique hotel and surrounding public
spaces. Montclair is home to approximately 37,000 residents and is a
unique combination of an urban, suburban and college town – offering a
wide variety of restaurants, shops, arts and music venues – plus easy
access to NYC via NJ Transit Rail & Bus.

CSBK has leased a 2,400 sq. ft. space which includes a separate ATM
area. A firm date for the start of construction is not yet available,
although CSBK has completed its design phase and has nearly finished
construction drawings.

ABOUT CSBK

CSBK (Clifton Savings Bank) is a metropolitan, community-focused bank
serving residents and small businesses in Northern New Jersey, with
emphasis on customers who prefer simplicity, sincerity and sound advice
– delivered through helpful, knowledgeable bankers. Clifton Savings Bank
is the wholly owned banking subsidiary of Clifton Bancorp Inc.
(NASDAQ:CSBK).

Contacts

Clifton Savings Bank
Bart D’Ambra, 973-473-2200
Executive Vice
President
bdambra@cliftonsavings.com