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Why Are Belmar’s Banks Leaving?

Sent in by a reader:

I have an idea…..Let’s put a bar there!   With pizza!


  1. OLD MAN wrote:

    Well maybe it’s lack of parking? Uh Duh

    Thursday, June 1, 2017 at 6:23 am | Permalink
  2. Katrina wrote:

    Sad maybe , but with on line banking very few people use a brick and mortar bank any more. I know I know, some do :). I myself have not been in my bank for years.

    Thursday, June 1, 2017 at 7:17 am | Permalink
  3. admin wrote:

    I think it’s because we don’t have any money.

    Thursday, June 1, 2017 at 7:22 am | Permalink
  4. Anonymous wrote:

    We don’t use cash anymore. Except at the bars…. Yes, CASH, No tax cash businesses.

    Thursday, June 1, 2017 at 8:32 am | Permalink
  5. Eugene Creamer wrote:

    If you need to visit your money, try the Santander at Colfax Plaza on Belmar Blvd …. forget about driving to Neptune.
    Gone are the days of Shadow Lawn Savings & Loan…
    The 10th Avenue property pays about $17K taxes and is in the redevelopment area

    Thursday, June 1, 2017 at 10:23 am | Permalink
  6. Anonymous wrote:

    Please, no more bars. That area is already going to be way, way too congested with the apartments scheduled to be built there

    Thursday, June 1, 2017 at 11:00 am | Permalink
  7. Just Passing Through wrote:

    Capital One had a branch in Sea Girt and closed. They need to make money with car loans, business loans, and mortgages. The money is sitting in checking and savings accounts and not being used. Also with all the ATMs around there is no need for the tourists to use a bank.

    Thursday, June 1, 2017 at 11:23 am | Permalink
  8. Anonymous wrote:

    Didn’t think about the proliferation of ATV’s causing the demise of BRICK &MORTAR BANKS.


    Thursday, June 1, 2017 at 12:20 pm | Permalink
  9. MM wrote:

    Well, 1405 Main Street was changed from office space to a restaurant at the last zoning board meeting! So instead of pizza, have a cheese steak!

    Thursday, June 1, 2017 at 1:56 pm | Permalink
  10. admin wrote:

    Yes, here is a link to the story:

    Thursday, June 1, 2017 at 2:00 pm | Permalink
  11. Guest wrote:

    #9 & #10 – This is a sell-out of Belmar and another magnet for mayhem at 2am when the local bars let out thousands of people onto the streets in the area of this “restaurant”. The mayor must have given the board his wink wink?

    Thursday, June 1, 2017 at 2:36 pm | Permalink
  12. Concerned wrote:

    It is very rare that I have to stop into this bank as I have direct deposit from my employer. Although there are times when one needs ‘cash’ beyond what an ATM can deliver. As I walked in today I saw a neighbor who mentioned he received the same letter from the bank. He called the bank a day or two ago and filed a complaint and stating he would take all of his money out of the bank if it were to close. It was not just about his money/inconvenience but directed to the folks in a building of those of a certain age who live across the Street from 10th Avenue Burrito. The manager said that if ‘everyone’ took their money out of the bank it would not stop the consolidation. He continued to state that no one will lose their jobs at the bank as they will be ‘relocated’ to a branch closer to their home. Regarding the folks of a certain age at the senior building – the bank is looking to coordinate a meeting so there is no confusion. We will only have one bank left in this town. BTW: I walked up to the ATM at Santander on Monday 05/29/17 and did not put my card into the slot. It was not that my card did not work, it was that the screen, keyboard and concrete at my feet was covered in blood. I went to Charlie Beckman’s and paid Charlie’s fee to get my money. I mentioned this to the teller earlier today and she said, “Oh, Man it took me forever to clean.” Brutal

    Thursday, June 1, 2017 at 3:12 pm | Permalink
  13. Anonymous wrote:

    Manasquan Savings Bank, always reliable polite, no sell jobs from unsophisticated, frightened tellers. They’re opening another branch. None of their branches have closed due to conservative stance. No subprime loans.

    Thursday, June 1, 2017 at 4:43 pm | Permalink
  14. Just Passing Through wrote:

    #13 I believe they are taking over the closed Capital One Bank.

    Thursday, June 1, 2017 at 5:48 pm | Permalink
  15. RickforSupremeCourt wrote:

    Maybe open a public bank if we cant save it, put all the money the town makes in their locals invest their money. Problems is money cant be FDIC insured.

    Monday, June 5, 2017 at 12:39 pm | Permalink
  16. Evil wrote:

    Change the name of Belmarto Bartown.

    Monday, June 5, 2017 at 8:18 pm | Permalink

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