Darien-based DR Bank has received regulatory approval to open its first branch in New York.
Darien-based DR Bank has received regulatory approval to open its first branch in New York, marking the community lender's expansion beyond Connecticut.
The Connecticut Department of Banking on June 12 approved the bank's application to establish a branch at 199 Main St., Fourth Floor, in White Plains, New York, according to a department notice. The proposed opening date is July 1.
The bank currently operates branches at its headquarters at 1001 Boston Post Road in Darien and at 138 Rowayton Ave. in Norwalk's Rowayton section.
Founded in 2006 as Darien Rowayton Bank, the institution has approximately $860 million in assets, according to the latest available FDIC data.
