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Posted on: October 28, 2021

Banking on Roosevelt Island, an Update

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On Monday, October 25th, Roosevelt Island Operating Corporation (RIOC), with support of elected officials, the Roosevelt Island Resident Association (RIRA), Community Board 8 and other community representatives, held an open house for financial institutions interested in bringing a full-service branch to the island. 

“We know the importance of having a full-service bank on the island and the convenience that it brings to residents, merchants, and visitors alike,” said Shelton J. Haynes, RIOC President and CEO. “We’re incredibly grateful to be working with our elected officials, the New York State Department of Financial Services, and community members to help realize this important necessity for the island.”

Those in attendance toured two locations on the island. They were also offered a Red Bus tour of the island and engaged in a robust Q&A session to better understand our unique community.

“We’re working closely with interested institutions to meet their needs and address any challenges they foresee,” said John O’Reilly, RIOC CFO. “We look forward to updating the community as discussions continue.”

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