Kearny Bank

Kearny Financial is the holding company for Kearny Federal Savings Bank, which has some 40 branches in northern New Jersey. Kearny Federal Savings Bank offers such standard services as checking and savings accounts, CDs, ATM and debit cards, IRAs, and loans. Residential mortgages make up about two-thirds of its loan portfolio; multifamily and commercial mortgages and home equity loans round out most of the rest. Kearny also invests in mortgage-backed securities, government and municipal bonds, and other securities. In 2010 the company acquired Central Jersey Bancorp for approximately $72 million, adding 13 branches to its network.

In 2011 CEO John Hopkins resigned after more than 35 years with the company, including nearly a decade as chief executive. He was replaced by Craig Montanaro, who previously was president and COO.

Mutual holding company Kearny MHC owns some 70% of Kearny Financial.