ROCKAWAY, N.J., May 10, 2018 (GLOBE NEWSWIRE) -- SB One Bank, a full-service, commercial bank with 14 branch locations in New Jersey and New York, announced today the promotion of Vito Giannola to senior executive vice president, chief banking officer. Giannola, formerly executive vice president and chief retail officer, is responsible for supporting the bank’s deposit and lending growth as well as overseeing the Bank’s investment division.

“Vito has been an integral member of our executive leadership team since he joined the bank in 2010. He understands the importance of connecting with our customers,” said Anthony Labozzetta, president and CEO of SB One Bank. “I am confident he will continue to be an asset to the organization in his new role and further help us drive high performing results for the bank.”

Giannola is a seasoned banking executive with more than 20 years in the profession. He joined the bank eight years ago under president and CEO, Anthony Labozzetta, and alongside CFO, Steven Fusco. Together they executed a shared vision for the bank – to build an organization based on strong customer relationships and service in the community. SB One Bank has experienced sustained organic growth since 2010, realizing a 106.5 percent increase in asset size from $474 million in 2010 to $979 million in 2017. After the recent merger with Community Bank of Bergen County, NJ, SB One Bank’s assets now exceed $1.4 billion.

“When I started with SB One Bank (formerly Sussex Bank), our goal was to maintain strong organic growth, but it needed to be strategic and it needed to be in line with our vision. We put all of our focus on delivering the best customer experience possible and it’s proven successful,” said Vito Giannola. “Our customers know we understand their goals and they know that we always have their best interest, and that of the communities, in mind. They trust us, and their trust has really made all of the difference. Now, with a recent merger and increased potential for more enhanced products and services, there’s no better time to be a customer of our bank.”

For more details on SB One Bank visit: www.SBOne.bank

About SB One Bancorp

SB One Bancorp (Nasdaq:SBBX), is the holding company for SB One Bank, a full-service, commercial bank that operates regionally with 14 branch locations in New Jersey and New York. Established in 1975, SB One Bank's strength is in its ability to build strong personal relationships with its customers and to serve the communities in which it operates. In addition to its branches and loan production offices, SB One Bank offers a full-service insurance agency, SB One Insurance Agency, Inc. and wealth management services through Sussex Investment Services. SB One Bank reinforces its commitment to the communities in which it lives and serves through the SB One Foundation, Inc. which supports various local charitable organizations.

In 2017, SB One Bancorp was recognized as one of the top 29 banks and thrifts nationwide and one of three from New Jersey that comprise the Sandler O’Neill Sm-All Stars Class of 2017. SB One Bancorp is one of the 50 Fastest Growing Companies in New Jersey as ranked by NJBIZ Magazine. SB One Bancorp President and Chief Executive Officer, Anthony Labozzetta, was named one of America’s Business Leaders in Banking by Forbes magazine and American Banker’s Community Banker of the Year in 2016.

For more details on SB One Bank, visit: www.SBOne.bank