Kearny Financial Corp. (KRNY) is a publicly traded holding company that owns and operates Kearny Bank. The company's ticker symbol on the NASDAQ is KRNY. Kearny Bank is a federally chartered stock savings bank, headquartered in Fairfield, New Jersey, that operates 51 full-service banking branches across Northern and Central New Jersey and Brooklyn and Staten Island, New York.
Kearny Financial Corp. offers a comprehensive array of financial products and services, including savings accounts, home mortgages, personal loans, and commercial lending. Their commitment to community-oriented banking has been further demonstrated through the actions of the Kearny Bank Foundation, which provides financial contributions to local non-profit organizations that supply vital services within its market area.
In addition to traditional banking, Kearny Financial Corp. provides wealth management services through its wholly-owned subsidiary, Kearny Wealth Management, LLC. The company also maintains an online banking portal and a mobile banking app, allowing its customers to conduct transactions, view account information, and apply for loans around the clock.
Kearny Financial Corp. has a strong financial footing. The company reported total assets of $6.64 billion and total deposits of $4.59 billion as of June 2021. It has been successful in maintaining a strong and efficient operation, evidenced by its impressive capital ratios and profitability metrics.
Over the years, Kearny Financial Corp. has demonstrated a strategic expansion approach through both organic growth and acquisitions. In May 2020, the company successfully completed its merger with MSB Financial Corp, adding four banking offices in New Jersey to its network and increasing its total assets.
The company is committed to enhancing shareholder value, maintaining high standards of corporate governance, and providing a safe, sound, and secure environment for its customers' banking needs. Kearny Financial Corp.’s culture of customer service excellence, community support, and responsible banking continues to affirm its stance as a reliable and trust-driven institution within the banking industry.
In conclusion, Kearny Financial Corp. operates as a robust and dynamic financial institution that blends traditional banking approaches with innovative financial solutions. With a primary focus on its customers and community, the company continues to demonstrate strength, propelling its growth while enriching the communities it serves.