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Wednesday, December 16, 2015

After 102 Years, Llewellyn-Edison Savings Bank Closes


West Orange, New Jersey: One of the last Essex County community banks has officially closed. All locations of Llewellyn-Edison Savings Bank have been converted to branches of Glen Rock Savings Bank. Llewellyn-Edison had two locations in West Orange, one in Livingston, and one in Frankford Township, Sussex County. It was originally founded in 1913 by West Orange residents as a building and loan association, and was combined in 1939 after the merger between the Llewellyn Building and Loan Association and the Edison Building and Loan Association of West Orange. At the time, there were over 100 building and loan associations in Essex County. 

Llewellyn-Edison's merger with Glen Rock Savings Bank was announced earlier this year. The merger increases the number of Glen Rock Savings Bank locations to seven. All other locations are in suburban Bergen County.

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