In 1921 a small group of
citizens gathered to discuss the prospects of obtaining a charter for a
national bank to be headquartered in the town of Newfield, New Jersey. In April
1922, their application was approved and with $25,000 in capital, The First National
Bank of Newfield opened for business. The bank was originally located in
"the two front rooms" of a local house until a proper bank building
was constructed at the corner of West Boulevard & Salem Avenue. Like many small-town
banks, when the Roaring Twenties gave way to the Great Depression, they were
overrun by depositor withdrawals and appointed a conservator in 1933.
The Newfield National Bank that exists today traces its roots back
to 1934 when local organizers obtained a new bank charter and acquired the
remnants of the town's previous institution. Rising like a phoenix from the
ashes, The First National Bank in Newfield began business in August of 1934
with 1 branch and $50,000 in capital. Today, nearly 90 years later, we have
grown to 11 branches with nearly $1 billion in assets. We proudly remain
locally owned and operated.
While our success can primarily be attributed to generations of
loyal clients, we have also benefitted from the guidance of conservative,
stable leadership over the years. In fact, since 1934 we have only had five
bank Presidents: Walter R. Lewis (1934-1935), Raymond K. Lowder (1935-1949),
Ralph Rambone (1949-1974), John Borelli, Sr. (1974-1999) and John Borelli, Jr.
(1999-present).In addition to long standing Directors and active Senior
Management, our story is that of dedicated employees, both past and present,
who have helped make Newfield National Bank into one of Southern New Jersey's
foremost financial institutions. One of several such examples would be Ann
Buckbery who started with the bank in 1934 and, in an era when it was uncommon
for women to hold Executive positions, was appointed to the title of Cashier in
1941.In 1944, she joined the Board of Directors until her retirement in 1951.
Our story is also that of prudent, steady growth to meet the
banking needs of our clients throughout Southern New Jersey. Our original main
office location was the former bank’s building at West Boulevard and Salem
Avenue in Newfield. In 1969, with the bank's assets totaling $9.7 million, we
opened our first branch in Malaga and relocated the main office to our current
location at 18 S. West Boulevard. In 1974, we opened a third branch at 6th
& Landis in Vineland (relocated to the opposite corner in 1999). We opened
our Star Cross branch in 1979 and closed out the 1970's at $37 million in
assets.
Our Main Road branch in Vineland opened in 1982 and we ended the
decade with bank assets at $102 million. The 90's was a busy decade for us with
the opening of several new branch locations, the formation of our holding
company (Newfield Bancorp, Inc.), a new logo and our name change from The First
National Bank in Newfield-to-Newfield National Bank. In 1991, we added our
Little Mill Road branch in Franklinville and our former branch at The
Cumberland Mall (where the Applebee's now sits). In 1995, we opened a branch in
East Vineland (which was relocated in 2017 for an even better East Vineland
presence). In 1996, our Loan Center in Newfield was built to centralize our
lending and support staff. Our Williamstown branch opened in 1997 and in 1999
we added our Sewell branch (which was relocated to Pitman in 2018). As we ended
1999 and entered a new millennium, all our expansion activity resulted in bank
assets reaching $297 million.
The early 2000’s saw the opening of our Hopewell Township
(Cumberland County) branch in 2001 and our Washington Township branch in
2006.Our most recent expansion was the addition of a loan production office in
Marlton, NJ to better support our lending activities in Camden and Burlington
Counties.
It has been said that the longevity of a company's employees
speaks volumes about their corporate culture. As many of our key personnel have
been with us 25 years or more, your daily banking needs are being met by a
staff of seasoned professionals. When you need financing to expand your
business, remodel your home or purchase a new one, you will work directly with
an experienced, locally based loan officer- not someone located in an
out-of-state call center. If you are looking for a community bank that is big
enough to support your company's growth yet small enough to give you one on one
attention, Newfield National Bank is here for you. We are banking at its best.