Business news across the East End

Strictly Business




Goldie Launches Flagship Store

The t-shirt label, Goldie, is opening its first flagship store in Sag Harbor over Memorial Day weekend at 127 Main Street.

In a press release, Goldie’s founder and designer, Debbie Rudoy, a Sag Harbor resident for close to two decades, stated she “named Goldie after my mom, whose steady love and support empowered me to turn my dreams into reality. Here’s to all the women like her, who aren’t afraid to shine and who continually support others in doing the same.”

Rudoy opened her first boutique, life’style, in the same location in 2007. “After almost a decade of success styling clients of all ages, it seemed only natural that the Goldie flagship store launch in the same location,” stated the press release.

Goldie launched in 2016 as four basic styles. Since then, the collection has grown to include 15 core fits. Produced sustainably in Peru, Goldie was designed with fit, fashion, feel and sustainability in mind.

In addition to the namesake collection, the boutique will also offer a selection of brands including Veronica Beard, MOTHER, Autumn Cashmere, and Kyma sandals. For more information, visit www.goldiesagharbor.com.

East Hampton Farmers Market

The East Hampton Farmers Market will launch its 14th season on Friday, May 10, with a ribbon-cutting ceremony at 9 AM. The market is open from 9 AM until 1 PM every Friday through August 30, rain or shine. The market is held in the Nick & Toni’s parking lot at 136 North Main Street. For more information, visit the Facebook page, East Hampton Farmers Market.

Staying Cool And Paying Less

South Fork Peak Savers is a program helping businesses and residents on the South Fork reduce energy consumption and save money, while helping to preserve the environment. Offered by Applied Energy Group, a local consulting company with over 30 years of experience in the energy industry, the goal is to encourage energy efficiency.

To become a South Fork Peak Saver, you must live on the South Fork, have central air, and either have a Wi-Fi-enabled Honeywell or Nest thermostat. Nest thermostats are available for free (as is free installation).

Over 6000 South Fork residents and businesses have already signed up. South Fork Peak Savers is endorsed by Concerned Citizens of Montauk and the Group for the East End. According to Bob DeLuca, GFEE’s president, “The SFPS program is an easy and effective way for everyone to make a difference that saves energy and lowers their electric bill. It’s like getting paid twice to do the right thing.”

For more information, contact www.southforkpeaksavers.com.

Bridge Bancorp Q1 Results

Bridge Bancorp, Inc. (NASDAQ: BDGE), the parent company of BNB Bank, announced first quarter results for 2019.

Net income in the 2019 first quarter was $12.9 million, an increase of $0.8 million compared to the 2018 first quarter, driven primarily by a rise in non-interest income and lower provision for loan losses, partially offset by a decline in net interest income. Returns on average assets and equity in the 2019 first quarter were 1.13 percent and 11.41 percent, respectively. Return on average tangible common equity was 15.01 percent for the 2019 first quarter.

Net interest income was $44.5 million in the 2019 first quarter, an increase of $1 million compared to the 2018 fourth quarter, driven primarily by loan portfolio growth and higher loan and investment portfolio yields. Interest expense was $10.2 million in the 2019 first quarter, an increase of $0.8 million compared to the 2018 fourth quarter.

Commenting on the first quarter results, Kevin O’Connor, president and CEO said, “We opened the year with another successful quarter: record revenue, strong loan growth, and an expanding margin. Our community banking model, built on relationships and our core businesses, continues to deliver consistent results — even in this challenging interest rate environment.” For more information, visit www.bnbbank.com.

Chamber Mixer At LongHouse

LongHouse Reserve and the East Hampton Chamber of Commerce will co-host an early evening mixer on Wednesday, May 15, from 4:30 to 6:30 PM in the sculpture garden, which is located at 133 Hands Creek Road. Complimentary hors d’oeuvres (courtesy of The Golden Pear Cafe), as well as rosé from Steele Vineyards and other beverages will be served; guests will also be invited to take a tour of the grounds. Chamber Executive Director Steven Ringel will update attendees on pending projects as well as a report on the third annual Spring Street Fair.

Admission is free for members and $10 for non-members.

Peconic Landing’s Garrett Honored

The American College of Health Care Administrators honored Gregory Garrett, Executive Vice President and Administrator of Health Services of Peconic Landing, with the 2019 Eli Pick Facility Leadership Award on March 18 at the ACHCA’s annual expo in Louisville, KY.

Eligibility for this award is based on three years of skilled nursing center survey data, including the health, fire safety, and complaint surveys, as well as top quartile performance on designated quality measures. The criteria also include at least an 80 percent or greater occupancy and a three-year avoidance of a Special Focus Facility status.

“Greg is an outstanding leader and is deserving of this honor,” said Robert Syron, President and CEO of Peconic Landing. “I have the pleasure of working with him side by side each and every day. We are proud of Greg and all of our Peconic Landing team members for achieving this recognition.”

Crouch On Board At Greenberg

Thomas Crouch has joined the East Hampton office of Roy Greenberg, Esq. as an associate. Since 1991, the firm has advised and represented clients on buying, selling, building, and leasing residential estate in East Hampton and surrounding areas.

Prior to joining the firm, Crouch represented plaintiffs in labor and employment litigation in New York City and Long Island at the Garden City-based firm of Borrelli & Associates. A graduate of the University of Georgia School of Law, he is licensed to practice in New York, Georgia, and South Carolina, as well as the Southern and Eastern districts of New York in federal court.

“I am happy to welcome Thomas to the firm as an associate,” said Greenberg. “His energy and drive will be a huge asset to our office and his litigation background will be helpful in understanding and communicating the process of buying and selling East End real estate.”

bridget@indyeastend.com