Empire Bancorp Announces Opening of Loan and Deposit Production Office in Manhattan

ISLANDIA, NY--(Marketwired - May 21, 2015) - Empire Bancorp, Inc. (OTCQB: EMPK), parent holding company of Empire National Bank (the "Bank"), is pleased to announce the opening of a new Loan and Deposit Production Office at 555 Fifth Avenue, New York, NY, providing a broad range of financial services to the New York metropolitan area.

Douglas C. Manditch, Chairman and Chief Executive Officer, stated, "With our successful private placement of $20 million completed at the end of last year, this new Loan and Deposit Production Office represents a significant part of the Bank's strategy to leverage this new capital. We are excited to add both Mario Colon and Joseph Grunwald, experienced commercial lenders with the expertise and knowledge requisite to build a solid base of new clients and to diversify and build upon our commercial loan portfolio."

Mario Colon, Senior Vice President, Commercial Loan Officer, is a 31-year veteran of the financial services industry who managed teams for commercial and private banking offices throughout New York City. 

Joseph Grunwald, Senior Vice President, Commercial Loan Officer, is a 28-year veteran of the financial services industry who has acted in the capacity of managing business development and lending teams for banks throughout New York City. 

With approximately 60 years of experience, the team of Colon and Grunwald has a strong record in both business lending and deposit generation -- together they have managed a significant book of business. 

About Empire Bancorp, Inc.

Empire Bancorp, Inc. is a bank holding company for Empire National Bank, a Long Island-based independent bank that specializes in serving the financial needs of small and medium sized businesses, professionals, nonprofit organizations, real estate investors, and consumers. The bank has four banking offices located in Islandia, Shirley, Port Jefferson Station and Mineola, New York. In addition, the bank now has a Loan and Deposit Production Office on 555 Fifth Avenue, New York, NY 10017. Our bankers take pride in understanding the needs of each customer so the bank can deliver the highest quality service with a sense of urgency.

This release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate" or "continue," or comparable terminology, are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties, and actual results may differ materially depending on a variety of factors, many of which are not within the control of the Company. The forward-looking statements included in this press release are made only as of the date of this press release. The Company has no intention, and does not assume any obligation, to update these forward-looking statements.