Hardy Plumbing
August 02, 2006

Strictly Business


Deadline for submissions is noon on Friday. Fax them to 324-2351 or email to news@indyeastend.com.

New Montauk Bakery

The newly opened Beach Bakery hopes to carry on the importation of Italian baking to the East End. Executive Chef William Bertha prides himself on using only natural ingredients and allowing dough to rise on its own. Having been trained abroad in European style, Chef Bertha's bakery offers a selection of pastries, tortes, tarts, breads and cakes. The Beach Bakery is open every day of the year. Visit beach-bakery.com for more info.

Benefit for the Retreat

The Retreat's Domestic Violence services have been named the beneficiary for the 2006 Hamptons Cottages & Gardens Idea House. From 7 to 9 pm on Friday, a preview cocktail party will be held to celebrate the Idea House's opening. Tickets for the party cost $150 and can be reserved by calling (212)-286-5700. After that point, the house will be open to the public through Labor Day. Tours are $20 dollars, with all proceeds from Friday and Saturday's tours, between 11 a.m. and 4 p.m., going to the Retreat.

Earnings for Bridge Bancorp

Bridge Bancorp's reported its quarterly financial results on July 21. These last 6 months, ending on June 30th have been marked by a net income of $3,977,000 or $0.64 per diluted share and $2,038,000 or $0.33 per diluted share in the second quarter. The net interest margin was consistently strong at 5.0%. Loan growth was at 2.7% over the last 6 months. Bancorp maintained superior credit quality. Returns of average equity and average assets remained at 17.04% and 1.51%, respectively, and the declaration of regular quarterly cash dividend was at $0.23 per share throughout the quarter and at $0.46 for the first 6 months of the year. Since January, the company has seen the regulatory approval of The Bridgehampton National Bank's 13th branch office, which will be located on the North Fork. Also Howard H. Nolan has risen to the position of Senior Executive Vice President and Chief Operating Officer.

Peconic Volunteer Honored

Paulette Gear was recently awarded the Peconic Bay Medical Center's Volunteer of The Month award for 11 years of service. Working mostly in the accounts payable office due to a self-described love of numbers she has shown reliability and precision. She was born in France and trained as a bookkeeper but came to America to be with her World War II veteran husband in the late 1940s. The Peconic Bay Medical Center acts as a 214-bed non-profit community hospital, with 800 employees and a 190 person medical staff.

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