Cost basis: $14.17
Current Portfolio Status: Hold
Dividend Reinvestment: N
Dividends paid quarterly in Feb, May, Aug, Nov
Shares held on account at Motif
Oritani Financial Corp. operates as a savings and loan holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in the United States. It offers a range of deposit products, including non-interest and interest-bearing demand and NOW checking accounts, money market deposit accounts, savings accounts, retirement accounts, and time deposits. The company provides multifamily loans that consists of mortgage loans secured by apartment buildings; commercial real estate loans comprising mortgage loans secured by commercial offices, retail space, warehouses, and mixed-use buildings; residential real estate mortgage loans, such as one to four family residential real property and consumer loans; and construction loans, which include one to four family and commercial development project loans. Its loan products also include second mortgage and equity loans; home equity lines of credit; and other loans, including business loans secured by cash and other business assets, account loans, and commercial line of credit loans. In addition, the company invests in securities and real estate properties. As of June 30, 2014, it operates 24 full service branches in Bergen, Hudson, Essex, and Passaic counties, New Jersey. Oritani Financial Corp. was founded in 1911 and is headquartered in Township of Washington, New Jersey.