Industrial Bank Looks to Open Branch Along Frelinghuysen Ave, Newark
A stretch of Frelinghuysen Avenue in Newark's South Ward will soon have a bank branch again. Industrial Bank is planning to open a location at 550 Frelinghuysen Avenue near Haynes and Meeker Avenues. The company submitted an application to the Federal Deposit Insurance Corporation in order to proceed with the proposal, according to a branch establishment notice. Industrial Bank is based in Washington, DC. and most of its locations can be found in the district or its Maryland suburbs. The company expanded to Newark just over two years after the Treasury Department’s Office of the Comptroller of the Currency shut City National Bank down.