Forbes ranks Ridgewood Savings Bank among best in state for third year in a row

Ridgewood Savings Bank on Forbes list
Ridgewood Savings Bank celebrates being on Forbes’ Best-in-State Banks list for third consecutive year. (Photo by Julia Moro)

Ridgewood Savings Bank has been named in Forbes’ Best-in-State Banks list for a third consecutive year. It also earned the title of Top Regional Bank of 2022 by Bankrate.

Forbes’ America’s Best-in-State Banks 2022 compiles the top banks based on results from independently surveying about 26,000 U.S. consumers. 

“For over 100 years, Ridgewood has served the people of New York as a true community bank, providing customers with the best possible service and banking experience,” said Leonard Stekol, chairman, president and CEO of Ridgewood Savings Bank. “What separates us from other banks is that, simply put, we treat our customers like family, and we go the extra mile every day to deliver on service and trust. On behalf of everyone at Ridgewood, we are very grateful to our customers for once again recognizing all that we do.”

The survey assessed banks for their trust, digital services, branch services, financial advice and terms and conditions. 

Stekol said that Ridgewood Savings Bank is driven to not only meet its customers’ expectations but exceed them. 

“Ridgewood’s reputation was built on a solid foundation of forward-thinking customer service,” Stekol said. “We aim to provide an ideal in-person banking experience while offering a full array of highly rated digital banking tools that permit customers to bank from any place at any time, and a locally staffed Customer Contact Center that is here to help in every manner.”

Ridgewood Savings Bank offers a variety of services that make banking easier, including a free, green checking paperless payment account, currency exchange and international wire transfer services, a student lending referral source and much more. 

“Small banks are where the rubber meets the road in the U.S. economy,” the Forbes article said. “They embody the purest examples of fundamental savings and lending functions that form the bedrock of financial services.”

Ridgewood Savings Bank celebrated 100 years of service in October with a newly renovated main office. The bank was founded in 1921 and serves as the largest savings bank in New York state, with $6 billion in assets. Ridgewood has 35 branches across New York City as well as Yonkers, Westchester and Long Island. Most recently, the bank tripled its customer service capabilities by expanding the Ridgewood call center.