"Red Hook residents shouldn't have to leave their community for basic services like depositing a paycheck or opening a savings account," Gounardes said in a statement. "With the opening of this bank branch, we're ensuring that our Red Hook neighbors have the opportunity to grow and thrive financially right here in the community they call home."
The introduction of a local banking option is expected to have a transformative economic impact on Red Hook, supporting entrepreneurs and providing much-needed financial services to the area.
The senator's office, in collaboration with the Spring Bank team, plans to launch an outreach initiative that includes creating a community advisory board made up of local organizations, businesses, and stakeholders.
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