{"id":15195,"date":"2025-10-24T17:26:25","date_gmt":"2025-10-24T17:26:25","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/15195\/"},"modified":"2025-10-24T17:26:25","modified_gmt":"2025-10-24T17:26:25","slug":"orange-bank-trust-opens-new-throggs-neck-branch-bronx-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/15195\/","title":{"rendered":"Orange Bank & Trust opens new Throggs Neck branch \u2013 Bronx Times"},"content":{"rendered":"

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Borough President Vanessa Gibson and Sen. Nathalia Fernandez joined Orange Bank & Trust leaders, including Anthony Mormile, the bank\u2019s senior VP and Bronx market manager, to formally open its new Throggs Neck branch on Oct. 21, 2025. <\/p>\n

Photo by Emily Swanson <\/p>\n

Orange Bank & Trust cut the ribbon Oct. 21 on its newest branch in Throggs Neck, the bank\u2019s second Bronx location and sixteenth statewide.\u00a0\n<\/p>\n

The new location at East Tremont Ave. and Greene Place joins the Morris Park branch on Williamsbridge Road, which opened in 2021, to provide wealth management and banking services for all kinds of businesses, from mom-and-pop shops to large corporate firms.\u00a0<\/p>\n

\"\"The new Orange Bank & Trust branch on East Tremont Ave. and Greene Place. Photo by Emily Swanson<\/p>\n

Orange Bank & Trust was founded in 1892 and is known for its \u201chigh-touch personal service,\u201d according to Anthony Pili, senior vice president\/chief innovation officer.\u00a0<\/p>\n

All bankers\u2019 business cards list their cell phone numbers, and the bank does not have any 1-800 numbers with automated messaging, Pili told the Bronx Times.\u00a0<\/p>\n

This personal approach works for the company that views itself as not just a business but a friendly neighbor, he said. \u201cWe live and work in the communities.\u201d\u00a0<\/p>\n

During the ribbon-cutting ceremony, Michael Gilfeather, bank president, director and CEO, said the growth in local businesses and nonprofits could make Bronx County \u201cthe biggest market ever in the history of the bank.\u201d\u00a0<\/p>\n

Orange Bank & Trust is \u201cvery, very bullish on the Bronx,\u201d and the company expects to open another branch in the borough in the near future, Gilfeather said.\u00a0<\/p>\n

\"\"(left to right) Sen. Nathalia Fernandez, Borough President Vanessa Gibson, Orange Bank Senior VP Anthony Mormile and Chamber of Commerce President Lisa Sorin. Photo by Emily Swanson<\/p>\n

Local leaders agreed that the bank\u2019s expansion was a positive sign for the borough.\u00a0<\/p>\n

Borough President Vanessa Gibson presented a Citation of Merit and said the bank\u2019s second branch demonstrates the company\u2019s commitment to the Bronx business community. \u201cThank you for believing in the possibilities of our borough,\u201d she said.\u00a0<\/p>\n

With a massive amount of\u00a0 planned new development, spanning housing, business, transit and more, \u201cWe can\u2019t be afraid to embrace change,\u201d Gibson said.\u00a0<\/p>\n

She said she looked forward to an influx of lending to help bolster Bronx economic growth. \u201cWe can\u2019t do anything in this borough without our banking institutions,\u201d she said.\u00a0<\/p>\n

Lisa Sorin, president of the Bronx Chamber of Commerce, has previously said<\/a> that small businesses in the Bronx are \u201cbooming\u201d despite an overall climate of economic uncertainty. At the ribbon-cutting, she said Throggs Neck in particular is undergoing a \u201crenaissance.\u201d<\/p>\n

For instance, there are only two storefront vacancies within the Throggs Neck Business Improvement District (BID) catchment area, according to Robert Jaen, BID executive director, who attended the ceremony.\u00a0<\/p>\n

Sorin said Orange Bank\u2019s presence in the community would bring a positive ripple effect.\u00a0\n<\/p>\n

\u201cWhen banks invest, that\u2019s telling the borough and telling the businesses the support is there. You\u2019ve got everything you need to succeed,\u201d she said.\u00a0<\/p>\n

Reach Emily Swanson at\u00a0eswanson@schnepsmedia.com<\/a>\u00a0or\u00a0(646) 717-0015<\/a>. For more coverage, subscribe to our\u00a0newsletter<\/a>\u00a0and follow us on\u00a0Twitter<\/a>,\u00a0Facebook<\/a>\u00a0and Instagram!<\/a><\/p>\n

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