President’s Letter 2019

URSB has been the financial institution in Carteret for a century, providing personalized banking services for local residents and a hometown commitment to our business neighbors.

We pride ourselves on our dedication to the community.  You will often see our staff out at local events and recognize that the Bank sponsors many events here in town. 

The new bank logo reflects our commitment to innovative products and services.  We offer a full suite of electronic banking products for your tablet and cell phone use.  We offer high interest checking accounts and some of the most competitive CD rates in the market.  URSB recently introduced a new debit card with the latest chip technology to ensure maximum security with many new features such as CardValet® and setting personalized spending limits.

The modernization of our branch and corporate offices is nearly complete.  The open floorplan will facilitate closer interaction between staff and our customers.  We have listened to our customer’s requests and will be expanding our hours of operation in 2019 to include keeping the lobby open until 7 p.m. on Thursdays, 6 p.m. on Fridays and until 1 p.m. on Saturdays.  

Recently, URSB received a prestigious 5-Star rating from Bauer Financial, Inc., the nation’s leading independent bank and credit union rating firm.  By achieving a 5-Star rating – the highest a financial institution can earn from the service – URSB is effectively recognized for its excellence in capital adequacy, profitability and asset quality.  We also have been recognized by as a 2018 Top 200 Healthiest Banks in America.

If you’d like to discuss any of URSB’s new products, services or opportunities, feel free to call me directly at (732) 541-5445, extension 209 or on my cell phone at (732) 535-8080.  You’ll quickly realize why Carteret’s residents and businesses have been banking local – by banking with us – for a century and counting.


Kenneth R. Totten
President/CEO & Chairman

Kenneth R. Totten President/CEO.

About Us/Our History

Since 1914, URSB has been serving the banking needs of Carteret and the surrounding communities. We’ve helped finance so many of the homes in this area, that we’ve been able to truly help build these neighborhoods. Our leadership continues to represent a truly talented team of banking industry professionals and our approach focuses on tried-and-true growth. We are a bank dedicated to our customers, their goals, and their best interests. Our daily work is centered on improving our processes, providing powerful financial tools, and helping our customers pursue their dreams while remaining financially secure. We are invested in the success of our customers’ families, goals, and ambitions.

Our Mission

At URSB, we believe banking should be personal, professional, and purposeful. Our mission is to financially enable the members of the communities we serve to reach their goals. Our doors are always open and we encourage the members of the community to sit down and discuss their hopes, dreams, and goals with our representatives.

Kenneth R. Totten
President/CEO, Chairman
732-541-5445, Ext. 209
cell: 732-535-8080 
NMLS No. 405592

William Pawlo
CFO & Chief Risk Officer
732-541-5445, Ext. 204
NMLS No. 1537347

Cam L. Walther
Vice President – Lending
732-541-5445, Ext. 207
NMLS No. 408319

Bonnie Petz, CBAP
BSA Officer, Corporate Secretary, & Human Resources Director
732-541-5445, Ext. 213

Jessica Bandoni
Branch Manager
732-541-5445, Ext. 217
NMLS No. 1813640

Board of Directors

Kenneth R. Totten, Chairman of the Board

Patrick J DeBlasio

John Kwasnik

Daniel J Reiman

Theresa Serluco

Garry G. Yee, D.D.S