One Of The Oldest Banks In New Jersey
A Legacy of Trust
1893 – Beginnings of the institution
1933 – Bank hires its first full-time employee
1940 – Expansion through land acquisition
1941 – Renamed Bogota Savings and Loan Association
1996 – Becomes State Mutual, then rebrands as Bogota Savings Bank
2004 – Acquires Teaneck, New Jersey location
2021 – Merges with Gibraltar Bank
2025 – Now operating over 7 locations; recognized as a trustworthy bank serving generations of customers
Founded in Bergen County, we’re proud to be one of the oldest banks in New Jersey. In 1893, local businessman William Smith determined that the employees of his company, Bogota Paper Mills, should have a local place to tend to their banking needs. To help achieve his goal, Mr. Smith enlisted the help of New York banker Victor Ludwig. Employing Mr. Ludwig’s vast experience from his tenure at the Bowery Savings Bank, both men set out to make this idea a reality, and on March 31 of that year, Bogota Building and Loan was born.
Community has been at the heart of Bogota Savings Bank since 1893. Throughout our more than 130 year history, we have always worked hard to earn and keep the trust of our community. Generations of families have relied on Bogota Savings Bank for all of their banking needs like a new Mortgage or Home Equity Loan, a child's first savings account, an IRA or CD, or Online Mobile Services. Commercial customers also rely on Bogota Savings Bank for products that help grow their business and allow them to capitalize on opportunity, for example Commercial and Multi-Family Mortgages, Business Checking, and Merchant services. Customers trust in our commitment to always deliver the very best products, services, value, and convenience.