Roselle Savings Bank Celebrates 125 Years of Customer Service

On Aug 18, 2014

Roselle Savings Bank is marking its 125th anniversary in 2014, a century-and-a-quarter after being founded as the Roselle Building and Loan Association, with the mission of helping members build a community. 

That commitment to mission and customer service has remained the foundation of the bank and the basic premise that has guided the operations of Roselle Savings Bank and its predecessors, the Roselle Savings and Loan Association and the Roselle Building and Loan Association.

“I think we’ve remained the same when it comes to our customers,” says Jill Schafhauser, bank president and chief executive officer. “We’ve never been a bank about ourselves. It’s always been about our customers. We’ve always wanted to stay true to our roots.”

The Village of Roselle was a developing community in 1889. Land was available and there was a demand for money to acquire property and build homes. The Roselle Building and Loan Association was born to fill that need.

In 1983, Roselle Savings acquired Revere Savings and Loan Association in Bernardsville and a branch in High Bridge in Hunterdon County. Twelve years later, the bank acquired a fourth branch, this one in Cranford.

Today, the bank has more than 8,000 customers and assets exceeding $410 million.

Yet throughout the years of growth, Roselle Savings Bank has remained true to its small town, community bank roots.

In fact, Roselle Savings Bank was a Silver Award Winner two years running in NJBankers’ Community Service Awards program before taking top billing for its size in 2013.

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