First Hope Bank


Overview / Commentary
908-459-4121
1301 Hope-Bridgeville Rd.
Hope, NJ 07844

First Hope Bank is headquartered in Hope and is the 30th largest bank in the state of New Jersey. It is also the 1,294th largest bank in the nation. It was established in 1911 and as of June of 2022, it had grown to 106 employees at 6 locations. First Hope Bank has a B health rating.

Great Experience

Great bank. They have excellent service and good rates.

I Love This Bank

Posted by: |

There is no other bank I would ever use. The customer service is fabulous. The employees treat you like family.

Great Bank

Posted by: |

First Hope has been a phenomenal bank since I first started banking there in 5th grade. I was only 11 years old, but they had a great program of teaching kids the importance of saving. They enrolled me a graduated savings account where I earned different rewards, the best being my own ATM card, as long as my parents approved. Now that I am older, I still leave money in the bank as an emergency fund. The bank offers better rates than the leading big banks. Their customer service and online support are second to none. First Hope truly recognizes the importance of family-friendly clientele and being a neighborhood-friendly bank. I highly recommend that anyone who lives in the area to seek out their nearest branch and open an account.

DISGRACE Of A BANK!!!!

Posted by: |

mark swift & dawn colombaris basically take ur money and promise u a quick closing, but they dont deliver.. They lie and just drag the loan process on; almost 4 months. loan never went through after 4 separate closing dates. after wasting time and over $1300 spent with them. I changed banks and closed without any bumps in 35 days. stay away from FIRST HOPE BANK! If WALMART did mortgages; u would probably get better service then at FIRST HOPE!!!

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Health

Health Grade Components

Overall
FDIC Certificate #6354
Year Established1911
Employees106
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.28%
Return on Equity - YTD4.03%
Annual Interest Income$9.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$719.0MM$670.9MM
LoansQ2 2022vs Q2 2021$391.5MM$401.9MM
DepositsQ2 2022vs Q2 2021$660.8MM$606.6MM
Equity CapitalQ2 2022vs Q2 2021$44.6MM$54.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.7MM$4.3MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$6.3MM$1.5MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for First Hope Bank are currently being reviewed.

Locations


First Hope Bank Locations
First Hope Bank, A National Banking Association1301 Hope-Bridgeville Rd.Hope, NJ 07844
Andover Branch161 Newton Sparta RoadNewton, NJ 07860
Sparta Branch220 Woodport Road, Aka Route 181Sparta, NJ 07871
Hackettstown/Wash Township Branch41 Rt 46Hackettstown, NJ 07840
Great Meadows BranchRoute 46Great Meadows, NJ 07838
Blairstown BranchRoute 94Blairstown, NJ 07825

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