Business news across the East End

Strictly Business




Adam Miller Group Opens Office In Sag Harbor

Adam Miller Group, a real estate law firm with a main office in Bridgehampton, is opening a new office at 34 Bay Street, Sag Harbor.

Dennis Downes, a Sag Harbor attorney, who joined the Adam Miller Group in April, will head the office. The Adam Miller Groups also has an additional office in Miami.

“Sag Harbor is such a special place because of its proximity to the water and its maritime history,” Miller said. “There is no one more knowledgeable about this area than Dennis, who already has a strong base of clients there. Sag Harbor is one of the busiest real estate markets on Long Island, and we’re very excited about having a presence there,” said Miller.

For more information, visit www.adammillergroup.com.

Bridge Bank Reports Solid Second Quarter

The Bridge Bancorp, parent company of Bridgehampton Bank, this week announced second quarter results for 2019 and the report was encouraging indeed. The company’s second quarter 2019 net income showed $10.7 million, or $0.53 per diluted share, and was considerably higher than the $6.7 million, or $0.34 per diluted share reported a year earlier.

Net interest income for the 2019 second quarter increased $1.2 million over the 2019 first quarter to $35.5 million, with a tax equivalent net interest margin of 3.30 percent.

Total assets of $4.7 billion at June 30, 2019, were seven percent higher than in June 30, 2018. Loan growth also grew significantly. The company declared a dividend of $0.23 during the quarter.

“Our continued growth as measured by an expanded customer base, and higher loan and deposit balance reflects the strength in our markets and our ability to attract clients to BNB Bank,” said Kevin O’Connor, president and CEO.

Yogi-Dog Debuts In The Hamptons

Yup, it’s yogurt for dogs, and it helps canine companions maintain healthy gut flora, just like in humans.

Yogi-Dog is partnering with local Hamptons animal shelters — Southampton Animal Shelter and Animal Rescue Fund of the Hamptons — and donating its product to dogs in need. To spread the word, it is also hosting pop-up stands in partnership with local businesses to get the buzz out and give residents (and their pups) the opportunity to try yogi-dog for free. The company, which has been selected as a 2019 Editor’s Choice winner in Modern Dog Magazine, is also a sponsor of Bella Magazine’s White Party at the Southampton Social Club on
Saturday, August 3.

Yogi-Dog is not frozen yogurt; it’s fresh and found in the human dairy aisle among other brands. You can find Yogi-Dog at King Kullen in Bridgehampton. For more info visit www.yogi-dog.com.

bridget@indyeastend.com