Inactive Instrument

SB One Bancorp

US78413T1034

SB One Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018

February 01, 2019 at 09:07 pm

SB One Bancorp reported net charge-offs of $30,000 for the fourth quarter ended December 31, 2018.

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SB One Bancorp, formerly Sussex Bancorp, is a bank holding company for SB One Bank (the Bank). The Company's primary business is the ownership and supervision of the Bank. The Company has two business segments: banking and financial services, and insurance services. The Company, through the Bank, conducts a traditional commercial banking business, and offer services, including personal and business checking accounts and time deposits, money market accounts and savings accounts. The Company, through the Bank's subsidiary, Tri-State, operates a full service general insurance agency, offering both commercial and personal lines of insurance. The Company's service area primarily consists of Sussex, Morris and Bergen Counties in New Jersey, and Orange and Queens Counties, New York. The Company's loan portfolio includes commercial and industrial consumer loans, construction loans, commercial real estate loans, residential real estate loans, and consumer and other loans.

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SB One Bancorp

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US78413T1034

SB One Bancorp Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2018

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