Bank plans relocation to 223,000 s/f LI complex.

Bank of Smithtown and TRITEC Real Estate Company jointly announced Bank of Smithtown's intention to locate its new corporate headquarters and operations center at TRITEC's recently developed office complex located at 100 Motor Parkway in Hauppauge.

Bradley Rock, Chairman, President & Chief Executive Officer of Bank of Smithtown explained: "For quite a few years now, our company has been growing very rapidly, more than tripling in size during the last six years.

"Meanwhile, our back office people and executive team are spread among three buildings in Smithtown and Hauppauge, with the last additions of space in our main building having been done more than 50 years ago. Frankly, we've started to 'bulge at the seams' for space in the back office."

Mr. Rock added: "About haft of our back office people and all of our technology operations have been located in Hauppauge for the past 15 years. In relocating everyone to a single building, it was important to us to stay in the Town of Smithtown, but we also needed to find a building large enough to accommodate considerable growth in the future."

At the bank's current pace of growth, it will have more than $1 billion in assets within three years.

The TRITEC building at 100 Motor Parkway contains more than 223,000 s/f, with a second, similar building planned for the site in the future.

The site is located in the southwestern section of the Town of Smithtown, just north of the Long Island Expressway and just east of the Sunken Meadow Parkway.

Commenting further upon the bank's selection of the TRITEC building, Mr. Rock said: "Everything about the TRITEC building at 100 Motor Parkway is first-class.

"We felt that it was exactly the right kind of place for us to locate our corporate headquarters as we continue to grow. We also felt that this site will give us the kind of increased visibility for our customers and investors consistent with our recent move to NASDAQ."

Bank of Smithtown's holding company, Smithtown Bancorp, is a publicly-traded company that began its listing on NASDAQ on April 5.

Jim Coughlan, a principal of TRITEC Real Estate Company, said: "We are delighted to have Bank of Smithtown, with its reputation for success, choose to locate its corporate headquarters at 100 Motor Parkway.

"We think that their presence will enhance the desirability of the building, and marks the beginning of a long-term relationship that will be good for both of our companies."

TRITEC also joined the bank in announcing that Bank of Smithtown will open a branch on the ground floor of the building just off the atrium lobby.

The branch will be approximately 3,500 square feet in size, and will feature the innovative design for which Bank of Smithtown has received much local and national attention.

"The new branches have no teller counters and no teller lines. Service is delivered by "universal bankers" in comfortable settings, with customer information provided on plasma screens and computer monitors.

Mr. Rock noted: "This branch location will provide us with an excellent opportunity to expand our small business customer base in the area."