Kearny Bank Completes Conversion to a New Jersey State-Chartered Savings Bank

Kearny Financial Corp., the holding company of Fairfield-based Kearny Bank, announced the completion of the bank’s conversion from a federally charted stock savings bank to a nonmember New Jersey State-chartered stock savings bank.

The Bank will commence business as a New Jersey savings bank effective June 29. The New Jersey Department of Banking and Insurance will serve as the bank’s primary regulator with additional federal oversight provided by the Federal Deposit Insurance Corporation. The company will continue to be regulated as a savings and loan holding company by the Federal Reserve Board.

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