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78-618: Holmdel Township ( / h oʊ l m . d ɛ l / ) is a township in Monmouth County , in the U.S. state of New Jersey . Located near Raritan Bay in the Raritan Valley region , the township is a regional commercial hub of Central Jersey , home to Bell Labs and PNC Bank Arts Center , and a bedroom community of New York City in the New York Metropolitan Area . As of the 2020 U.S. census ,

156-622: A Fintech incubator subsidiary called "numo" that functions as an internal startup. Its first development included indi, an instant payment and mobile banking company for gig workers. In May 2020, the company sold its stake in BlackRock . On June 1, 2021, PNC acquired BBVA USA for $ 11.6 billion in cash. The acquisition significantly boosted its presence in Colorado and Texas, complemented its presence in Alabama and Florida, and introduced

234-619: A kindergarten through eighth grade Catholic school that feeds into St. John Vianney. Holmdel was home to the now-defunct New School High School of Monmouth County , an alternative school based on the British Integrated Method, in which students in grades K–8 spend three years in a "family" that covers three grades in a traditional school program. Formally established in 1966, the Holmdel Township Police Department traces its origins to

312-431: A 426 branches in southern Virginia , North Carolina , South Carolina , Georgia , Alabama , and Florida . Prior to the acquisition, PNC had slipped (due to mergers and growth in other firms) from its ranking following the 2008 National acquisition; this 2012 acquisition made PNC the fifth largest bank by branches behind Wells Fargo , Bank of America , Chase , and U.S. Bank and the sixth largest by total assets behind

390-569: A Bell Labs facility by Arno Penzias and Robert Wilson , both of whom won the Nobel Prize in Physics for their work here. In addition, former U.S. Secretary of Energy Steven Chu earned a Nobel Prize in Physics for his work on laser cooling in Holmdel. Holmdel's picturesque beauty, proximity to New York City, and main highways, award-winning public schools , large homes, rich history,

468-568: A countywide basis are Clerk Christine Giordano Hanlon (R, 2025; Ocean Township ), Sheriff Shaun Golden (R, 2025; Howell Township ) and Surrogate Rosemarie D. Peters (R, 2026; Middletown Township ). As of March 2011, there were a total of 12,021 registered voters in Holmdel Township, of which 1,965 (16.3%) were registered as Democrats , 4,110 (34.2%) were registered as Republicans and 5,946 (49.5%) were registered as Unaffiliated . There were no voters registered to other parties. In

546-442: A female householder with no husband present and 17.4% were non-families. Of all households, 15.7% were made up of individuals and 8.9% had someone living alone who was 65 years of age or older. The average household size was 2.92 and the average family size was 3.29. 25.8% of the population were under the age of 18, 6.2% from 18 to 24, 17.8% from 25 to 44, 33.9% from 45 to 64, and 16.3% who were 65 years of age or older. The median age

624-453: A median income of $ 94,825 versus $ 54,625 for females. The per capita income for the township was $ 47,898. About 2.7% of families and 3.4% of the population were below the poverty line , including 4.0% of those under age 18 and 6.7% of those age 65 or over. Musical groups from Holmdel Township include Granian , a band formed by musician Garen Guyikian. Holmdel Park , initially established in 1962, covers 565 acres (229 ha) and includes

702-500: A new entity named PNC Financial Corporation . It was the largest bank merger in American history at the time and created a company with $ 10.3 billion in assets. Between 1991 and 1996, PNC purchased more than ten smaller banks and financial institutions, including the $ 30 billion dollar merger of Midlantic Bank of Edison New Jersey in 1996, that at the time, was one-third the size of PNC. That broadened its market base from Kentucky to

780-416: A one-year term. Partisan elections are allowed under this law. Voters may initiate a referendum to change the membership to consist of either 3 or 5 members. While many township committees directly supervise the operation of their municipality, the revised act allows the committee to delegate all or a portion of its responsibilities to an appointed municipal administrator. A number of municipalities changed to

858-507: A part-time constable hired in 1947 who was named as the first police chief in 1952. Holmdel Fire and Rescue Company # 2 is an all-volunteer department created in 2006 that serves Holmdel and surrounding areas. Holmdel First Aid Squad is an all-volunteer organization that responds to medical emergencies in the township. Founded in 1969, the squad responds to an average of 1,500 calls each year, with no charge for medical services or transportation. Township (New Jersey) A township , in

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936-668: A staggered basis, with either one or two seats up for election each year as part of the November general election. At an annual reorganization meeting held in the beginning of January, the board selects one of its members to serve as director and another as deputy director. As of 2024, Monmouth County's Commissioners are Director Thomas A. Arnone ( R , Neptune City , 2025), Susan M. Kiley (R, Hazlet Township , 2024), Erik Anderson (R, Shrewsbury , 2026), Nick DiRocco (R, Wall Township , 2025), and Deputy Director Ross F. Licitra (R, Marlboro Township , 2026). Constitutional officers elected on

1014-470: A township, as townships are equivalent to all other forms of local municipalities. Municipalities in New Jersey may be classified into one of five types , of which townships are one. Townships may retain the township form of government, or adopt one of the modern forms of government, which are not restricted to a particular type of municipality. In New Jersey, a municipality's name (such as X Township)

1092-490: A turnout of 38.3%. In the 2009 gubernatorial election , Republican Chris Christie received 67.8% of the vote (4,182 ballots cast), ahead of Democrat Jon Corzine with 25.8% (1,590 votes), Independent Chris Daggett with 5.2% (318 votes) and other candidates with 0.7% (46 votes), among the 6,170 ballots cast by the township's 12,315 registered voters, yielding a 50.1% turnout. The Holmdel Township Public Schools serve students in pre-kindergarten through twelfth grade . As of

1170-530: Is Monmouth County's highest point, standing 391 feet (119 m) above sea level . The top portion of the hill is owned by Alcatel-Lucent and houses a research laboratory of Bell Laboratories . The township borders the Monmouth County communities of Aberdeen Township , Colts Neck Township , Hazlet Township , Marlboro Township and Middletown Township . Unincorporated communities , localities and place names located partially or completely within

1248-466: Is not necessarily an indication of its form of government. In New Jersey, the township form of government consists of a three to five-member township committee usually elected at-large in partisan elections. At its organization meeting, held after an election, the committee selects one of its elected members to serve as mayor and preside at meetings. The other members of the township committee serve as commissioners of various township departments, overseeing

1326-408: Is ranked by Mortgage Bankers Association as the second largest master and primary servicer of commercial bank and savings institution loans. The name "PNC" is derived from the initials of both of the bank's two predecessor companies: Pittsburgh National Corporation and Provident National Corporation , which merged in 1983. PNC Mortgage (formerly National City Mortgage) is credited with funding

1404-559: Is used by 27% of New Jersey municipalities; however, slightly over 50% of the state's population resides within them. Townships in New Jersey differ from townships elsewhere in the United States. In many states, townships can be an intermediate form of government, between county government and municipalities that are subordinate parts of the township, with different government responsibilities allocated at each level. In New Jersey, there are no subordinate municipalities located within

1482-717: The 2007–2008 financial crisis , the National City acquisition by PNC for $ 5.2 billion in stock was completed. The acquisition was financed with preferred stock sold to the United States Treasury as part of the Troubled Asset Relief Program implemented as part of the Emergency Economic Stabilization Act of 2008 . The stock issued to the U.S. Treasury was repurchased in 2010. PNC then became

1560-406: The 2012 presidential election , Republican Mitt Romney received 61.8% of the vote (5,077 cast), ahead of Democrat Barack Obama with 37.3% (3,063 votes), and other candidates with 0.9% (75 votes), among the 8,261 ballots cast by the township's 12,425 registered voters (46 ballots were spoiled ), for a turnout of 66.5%. In the 2008 presidential election , Republican John McCain received 58.6% of

1638-671: The 2024-2025 session , the 13th legislative district of the New Jersey Legislature is represented in the New Jersey Senate by Declan O'Scanlon ( R , Little Silver ) and in the General Assembly by Vicky Flynn (R, Holmdel Township ) and Gerard Scharfenberger (R, Middletown Township ). Monmouth County is governed by a Board of County Commissioners composed of five members who are elected at-large to serve three-year terms of office on

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1716-487: The Fair Labor Standards Act . According to a lawsuit, funds entrusted to National Prearranged Services (NPS), a St. Louis–based company that sold prepaid funerals, were diverted and embezzled. PNC Bank is the successor to Allegiant Bank, which served as a trustee for NPS from 1998 to 2004. In 2015, a jury ordered PNC to pay $ 391 million. In 2017, a federal judge overturned the decision. In 2015, PNC

1794-597: The Holmdel Horn Antenna , earning them the Nobel Prize in Physics . The PNC Bank Arts Center is a 10,800-seat outdoor amphitheatre concert venue located in Holmdel. PNC Financial Services agreed to a deal in 1996 under which it would pay $ 9.2 million for the naming rights , as part an effort by the Parkway Authority to avoid toll increases, a deal that was extended for another five years in 2006. The facility, which originally opened in 1968,

1872-714: The New Jersey Redistricting Commission that took effect in January 2013, based on the results of the November 2012 general elections. For the 118th United States Congress , New Jersey's 3rd congressional district is represented by Andy Kim ( D , Moorestown ). New Jersey is represented in the United States Senate by Democrats Cory Booker ( Newark , term ends 2027) and George Helmy ( Mountain Lakes , term ends 2024). For

1950-559: The New York metropolitan area . Since 1984, PNC has compiled the Christmas Price Index , a humorous economic indicator which estimates the prices of the items found in the song " The Twelve Days of Christmas ". In 1998, PNC acquired Hilliard Lyons for $ 275 million in cash and stock. Hilliard Lyons was sold in 2008. In 1998, PNC sold its credit card business to Metris (now HSBC Finance ) and MBNA . In 2000,

2028-415: The annual general meeting , fasting, and boycotts. On Mar 2, 2023, Donald Trump Jr. , cofounder of news aggregator MxM News, tweeted that PNC had abruptly cancelled all financial services for MxM without explanation. Trump and cofounder Taylor Budowich alleged that PNC disapproved of Trump’s political leanings since no reason was given for the closure. PNC claimed it was a “good faith error” and reopened

2106-674: The 2018–19 school year, the district, comprised of four schools, had an enrollment of 2,997 students and 263.6 classroom teachers (on an FTE basis), for a student–teacher ratio of 11.4:1. Schools in the district (with 2018–19 enrollment data from the National Center for Education Statistics ) are Village Elementary School with 759 students in grades Pre-K–3, Indian Hill School with 752 students in grades 4–6, William R. Satz School with 521 students in grades 7–8 and Holmdel High School with 962 students in grades 9–12. The Holmdel public schools start middle school at 7th grade instead of

2184-458: The 48th charter on August 5, 1863, with other later banks receiving charters sooner due to paperwork problems and the fact that the bank was already in business. In 1946, First National merged with Peoples-Pittsburgh Trust Company – with whom it had worked closely since the 1930s – to form Peoples First National Bank & Trust . In 1959, Peoples First merged with Fidelity Trust Company to form Pittsburgh National Bank . At this time,

2262-447: The 564) statewide that use this form, the second-most commonly used form of government in the state. The Township Committee is comprised of five members, who are elected directly by the voters at-large in partisan elections to serve three-year terms of office on a staggered basis, with either one or two seats coming up for election each year as part of the November general election in a three-year cycle. At an annual reorganization meeting,

2340-622: The 5th largest bank in the United States by deposit and fourth largest by branches. On August 14, 2009, PNC took over Dwelling House Savings & Loan and its only branch location in Pittsburgh's Hill District after Dwelling House failed and was placed in receivership by the Federal Deposit Insurance Corporation (FDIC). Dwelling House had been known in Pittsburgh to provide loans to low–income African Americans that other banks would deny. The branch

2418-413: The 8,915 ballots cast by the township's 11,892 registered voters, for a turnout percentage of 75.0. In the 2013 gubernatorial election , Republican Chris Christie received 77.3% of the vote (3,587 cast), ahead of Democrat Barbara Buono with 21.4% (993 votes), and other candidates with 1.3% (58 votes), among the 4,712 ballots cast by the township's 12,312 registered voters (74 ballots were spoiled), for

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2496-725: The Historic Longstreet Farm, which offers a recreation of farm life in the 1890s, along with athletic facilities and other amenities. The park also has the Holmdel Arboretum (formally the David C. Shaw Arboretum), covering 22 acres (8.9 ha) and established in 1963, which offers examples of the trees, shrubs and plant life of Monmouth County. Holmdel Township is governed under the Township form of New Jersey municipal government, one of 141 municipalities (of

2574-570: The PNC Bank Arts Center, and the presence of many high paying jobs within commuting distance led the township to be ranked the #1 "Six-Figure Town" by Money magazine and CNN for 2009. The township has been one of the state's highest-income communities. Based on data from the American Community Survey (ACS) for 2013–2017, Holmdel Township residents had a median household income of $ 155,842, ranked 10th in

2652-850: The Township Committee selects one of its members to serve as Mayor and another as Deputy Mayor. The Township Committee exercises control over the conduct of municipal business by means of legislation through ordinances or resolutions, approval and adoption of the annual budget and the formulation of policy to be carried out by the staff. As of 2024, members of the Holmdel Township Council are Mayor Rocco Impreveduto ( R , term on committee and as mayor ends December 31, 2024), Deputy Mayor Brian Foster (R, term on committee ends 2025; term as deputy mayor ends 2024), Kim LaMountain (R, 2025), Domenico "DJ" Luccarelli (R, 2026) and Joseph Romano (R, 2026). In November 2021, voters approved

2730-560: The Township type, or the Township form of government, between 1979 and 1982. A federal law, The State and Local Fiscal Assistance Act of 1972 provided funding to the states to be divided between state and municipal governments. In 1981, states were removed from the program and the law was amended to provide direct grants to the most popular form of local government in the United States - townships. In Essex County alone, 11 municipal governments changed their form or name to take advantage of

2808-561: The U.S and the second–largest full–service accounting and administration provider to U.S. mutual funds. GIS serviced $ 1.9 trillion in total assets and 58 million shareholder accounts. It was known as PFPC until July 2008. In January 2011, PNC acquired BankAtlantic's Tampa Bay Area branches. In December 2011, PNC acquired 27 branches in the northern Atlanta suburbs with $ 240 million in deposits and $ 42 million in book value from Flagstar Bank . In 2012, PNC acquired RBC Bank from Royal Bank of Canada for $ 3.45 billion. RBC Bank had

2886-502: The aforementioned four banks and Citibank . On July 30, 2012, PNC announced plans to put ATMs in 138 Harris Teeter grocery stores in the Carolinas , plus 53 other stores. In September 2014, PNC acquired Solebury Capital Group, a capital markets advisory firm, for $ 50 million. On October 2, 2015, the bank opened Tower at PNC Plaza , its new headquarters on the corner of Fifth Avenue and Wood Street in downtown Pittsburgh . It

2964-429: The age of 18 living with them, 79.1% were married couples living together, 6.7% had a female householder with no husband present, and 12.5% were non-families. 11.1% of all households were made up of individuals, and 4.3% had someone living alone who was 65 years of age or older. The average household size was 3.09 and the average family size was 3.35. In the township the age distribution of the population shows 28.5% under

3042-413: The age of 18, 5.2% from 18 to 24, 24.8% from 25 to 44, 29.2% from 45 to 64, and 12.2% who were 65 years of age or older. The median age was 41 years. For every 100 females, there were 91.9 males. For every 100 females age 18 and over, there were 86.6 males. According to the 2000 Census, the median income for a household in the township was $ 112,879, and the median income for a family was $ 122,785. Males had

3120-528: The bank adopted the first version of its present logo – a stylized triangle representing the city's Golden Triangle . In 1969, the bank reorganized as a holding company, Pittsburgh National Corporation. Another branch of the current bank, the Philadelphia –based Provident National Corporation, dates back to 1865. In 1982, Pittsburgh National Corporation and Provident National Corporation, both with PNC as their abbreviations, merged into

3198-662: The bank had charged Black and Hispanic borrowers higher prices for mortgages between 2002 and 2008, before the acquisition by PNC. Regulators claimed that National City had violated the Fair Housing Act and Equal Credit Opportunity Act by charging more than 75,000 borrowers higher loan rates based on their race or ethnicity rather than their risk level. National City's lack of pricing guidelines resulted in black borrowers being charged an average of $ 159 more in extra upfront fees or higher interest than white borrowers. Black borrowers also paid an average of $ 228 more annually over

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3276-626: The bank to the Arizona , California , and New Mexico markets. In 2021, PNC originated nearly 95,000 mortgages worth $ 34.8 billion. This is a 23% increase vs prior year and stands as their highest origination volume to date. In December 2013, the Department of Justice and the Consumer Financial Protection Bureau announced that they had reached an agreement with National City Bank to resolve allegations that

3354-682: The building that formerly housed Prudential Property Casualty & Insurance . According to the United States Census Bureau , the township had a total area of 18.05 square miles (46.75 km), including 17.85 square miles (46.22 km) of land and 0.20 square miles (0.53 km) of water (1.13%). Holmdel Township is located roughly 40 miles (64 km) south of Manhattan . It is also about 70 miles northeast of Philadelphia. Crawford Hill , located at 40°23′25″N 74°11′02″W  /  40.3904°N 74.1840°W  / 40.3904; -74.1840 (40.3904, −74.1840),

3432-832: The company acquired Fortis Advisors, which provides post–merger shareholder services. The company ranked one hundred sixty fifth on the 2018 Fortune 500 list of the largest United States corporations by revenue. In 2018, PNC began opening "Solution Centers", a hybrid between traditional bank branches and ATM–only services, mostly serving new markets. Through this method, PNC expanded its retail footprint into Boston , Denver , Kansas City , Nashville , and several markets in Texas including Austin , Dallas , Houston , and San Antonio . Two of PNC's "Big Four" competitors, Bank of America and Chase Bank , have both also been expanding into new markets through this method, including into PNC's home market of Pittsburgh. In August 2019, PNC launched

3510-597: The company adopted a new brand image and changed its name to PNC Financial Services Group. In 2001, PNC sold the original PNC Mortgage to Washington Mutual due to volatility in the market. In 2004, PNC acquired United National Bancorp based in Bridgewater, New Jersey , for $ 321 million in cash and 6.6 million shares of its common stock. In 2005, PNC acquired Riggs National Corporation of Washington, D. C. Riggs had been fined after aiding Chilean dictator Augusto Pinochet in money laundering . PNC became one of

3588-510: The context of New Jersey local government , refers to one of five types and one of eleven forms of municipal government . As a political entity, a township in New Jersey is a full-fledged municipality, on par with any town , city , borough , or village . They collect property taxes and provide services such as maintaining roads, garbage collection, water, sewer, schools, police and fire protection. The Township form of local government

3666-516: The eighth largest bank in the United States by deposits. On October 26, 2007, PNC acquired Yardville National Bancorp, a small commercial bank centered in central New Jersey and eastern Pennsylvania. On September 15, 2007, PNC Bank acquired Citizens National Bank of Laurel, Maryland . On April 4, 2008, PNC acquired Sterling Financial Corporation, a commercial and consumer bank with accounts and branches in central Pennsylvania, northeastern Maryland and Delaware. On October 24, 2008, during

3744-546: The establishment of a Charter Study Commission that would review the township's options for changing its form of government and would make recommendations to be considered by the public. In April 2022, the commission recommended that the township adopt the Council-Manager form of government available under the Faulkner Act , in which the main change from the current government would be that day-to-day operation of

3822-698: The first mortgage in the United States and has offices across the country. PNC Financial Services traces its history to the Pittsburgh Trust and Savings Company which was founded in Pittsburgh, Pennsylvania , on April 10, 1845. Due to the long recovery from the Great Fire of Pittsburgh , Pittsburgh Trust and Savings was not fully operational until January 28, 1852. It originally opened offices at Liberty Avenue and 12th Street. The bank

3900-470: The largest treasury management businesses and the second largest lead arranger of asset–based loan syndications in the United States. Harris Williams & Co. , a subsidiary of the company, is one of the country's largest mergers and acquisitions advisory firms for middle-market companies . Midland Loan Services, a division of PNC Real Estate based in Overland Park, Kansas and founded in 1991,

3978-688: The largest banks in the Washington metropolitan area . In 2005, PNC began outsourcing mortgages to Wells Fargo . In August 2006, PNC got back into the credit card business by marketing and issuing credit cards under the MasterCard brand in partnership with U.S. Bancorp (U.S. Bank) . After the National City merger (see below) in 2008, the U.S. Bancorp (U.S. Bank) products were converted to PNC Bank products. On March 2, 2007, PNC acquired Maryland-based Mercantile Bankshares, making PNC

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4056-462: The life of the loan than white borrowers. Hispanics paid $ 125 more upfront and $ 154 more annually than white borrowers. Under the terms of the settlement, PNC was required to pay victims $ 35 million. In March 2006, PNC and other large banks were forced to reissue hundreds of debit cards to customers after card numbers were disclosed by a breach at an unspecified retailer. Also in March 2006, PNC Bank

4134-472: The mayor's office each year, while others elect the same mayor for 2–3 consecutive years. Out of the 240 townships in the state, the township form of government is used by 140. On road signs, township is often abbreviated TWP or Twp . Some official documents abbreviate it as "Twsp." Historically, a variety of legislation has been passed by the state legislature that has defined and refined the township form of municipal government: The Township Act of 1798

4212-495: The program. There are a total of 240 townships in the state, including: PNC Financial Services The company also provides financial services such as asset management , wealth management , estate planning , loan servicing, and information processing . PNC is one of the largest Small Business Administration lenders and one of the largest credit card issuers. It also provides asset–based lending to private equity firms and middle market companies . PNC operates one of

4290-533: The state among municipalities with more than 10,000 residents, more than double the statewide median of $ 76,475. Based on data from the 2006–2010 ACS, Holmdel had a per-capita income of $ 62,120, ranked 46th in the state. The Lenape people were present in the 1600s when Europeans first showed up in the area that is now Holmdel. Holmdel was part of the Monmouth Tract setup by the English in 1675. The area

4368-530: The state of New Jersey and number 723 overall by The Washington Post in its 2011 ranking of American high schools. Holmdel High School became the center of a scandal due to a hazing incident at a football camp in 1988 that was reported in the press and received considerable notoriety. Private schools within the township include the Roman Catholic Diocese of Trenton 's St. John Vianney High School for grades 9–12 and St. Benedict School,

4446-413: The term "municipality" and recognized five types of government: borough , township, city , town , and village and granted each equal legal standing. The Township Act of 1989 simplified the much-amended Act of 1899. It retains a three or five member township committee serving staggered terms, whose members are generally elected at-large. The committee elects a mayor from among its members to serve

4524-520: The township for a rent of at least five dollars a year. A group of five freeholders was elected to one-year terms on the Township Committee, which was responsible to oversee the expenditure of revenue in between town meetings. The Township Act of 1899 abolished the town meeting and strengthened the role of the Township Committee, which was initially set at three and amended to allow for expansion to five members. Members were elected for staggered three-year terms. The Home Rule Act of 1917 legally defined

4602-511: The township include: Beers, Centerville , Crawford Corners , Everett , Morrells Corner and Pleasant Valley Crossroads . In 2009, the average annual family income was $ 159,633, making it one of the highest in the country. The 2010 United States census counted 16,773 people, 5,584 households, and 4,612 families in the township. The population density was 937.3 per square mile (361.9/km). There were 5,792 housing units at an average density of 323.7 per square mile (125.0/km). The racial makeup

4680-503: The township was $ 62,120 (+/− $ 6,232). About 3.0% of families and 3.8% of the population were below the poverty line , including 4.0% of those under age 18 and 1.0% of those age 65 or over. As of the 2000 United States census there were 15,781 people, 4,948 households, and 4,328 families residing in the township. The population density was 878.4 inhabitants per square mile (339.2/km). There were 5,137 housing units at an average density of 285.9 per square mile (110.4/km). The racial makeup of

4758-584: The township was 80.20% White , 17.45% Asian , 0.65% African American , 0.03% Native American , 0.01% Pacific Islander , 0.52% from other races , and 1.15% from two or more races. Hispanic or Latino of any race were 2.45% of the population. As of the 2000 Census, 9.97% of Holmdel Township's residents identified themselves as being of Chinese ancestry. This was the highest percentage of people with Chinese ancestry in any place in New Jersey with 1,000 or more residents identifying their ancestry. There were 4,947 households, out of which 47.1% had children under

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4836-578: The township would be in the hands of a professional administrator. In the November 2019 general election, a recount put two independent candidates in office, with Prakash Santhana winning the second of the two seats by a margin of two votes over the Republican candidate. Deputy Mayor Serena DiMaso left office in January 2012 to fill the vacant seat of Robert D. Clifton on the Monmouth County Board of Chosen Freeholders. Joseph Ponisi

4914-428: The township's population was 17,400, an increase of 627 (+3.7%) from the 2010 census count of 16,773, which in turn reflected an increase of 992 (+6.3%) from the 15,781 counted in the 2000 census . Holmdel Township was formed by an act of the New Jersey Legislature on February 23, 1857, from portions of Raritan Township (now Hazlet ). The origin of the township's name is unclear, with some sources indicating that it

4992-542: The usual starting middle school at 6th grade ( Wr-Satz Archived May 8, 2020, at the Wayback Machine ). Holmdel High School was the 12th-ranked public high school in New Jersey out of 339 schools statewide in New Jersey Monthly magazine's September 2012 cover story on the state's "Top Public High Schools", after being ranked 13th in 2012 out of 328 schools listed. The high school was ranked 20th in

5070-439: The vote (5,403 cast), ahead of Democrat Barack Obama with 39.2% (3,616 votes) and other candidates with 0.9% (82 votes), among the 9,225 ballots cast by the township's 12,679 registered voters, for a turnout of 72.8%. In the 2004 presidential election , Republican George W. Bush received 61.9% of the vote (5,522 ballots cast), outpolling Democrat John Kerry with 37.1% (3,308 votes) and other candidates with 0.5% (56 votes), among

5148-439: The work of those areas along with overall legislative issues. Some mayors in this form of government also oversee specific departments. The mayor in this form of government is primarily ceremonial and has the same power as other township committee members. The mayor does hold the powers vested in all mayors under state law One township committee member is elected deputy mayor each year. Some towns with this form of government rotate

5226-501: Was 45.1 years. For every 100 females, the population had 93.3 males. For every 100 females ages 18 and older there were 89.9 males. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $ 140,533 (with a margin of error of +/− $ 18,587) and the median family income was $ 154,360 (+/− $ 13,795). Males had a median income of $ 135,139 (+/− $ 15,633) versus $ 77,703 (+/− $ 13,861) for females. The per capita income for

5304-413: Was 77.55% (13,007) White , 0.86% (145) Black or African American , 0.07% (11) Native American , 19.16% (3,213) Asian , 0.01% (2) Pacific Islander , 0.54% (90) from other races , and 1.82% (305) from two or more races. Hispanic or Latino of any race were 3.70% (621) of the population. Of the 5,584 households, 40.8% had children under the age of 18; 73.5% were married couples living together; 6.9% had

5382-512: Was closed and accounts were transferred to the existing PNC branch in the Hill District. In July 2010, PNC sold its Global Investment Servicing (GIS) subsidiary to The Bank of New York Mellon to repay funds from the Troubled Asset Relief Program , which had been used for the National City acquisition (see above) in 2008. GIS, established in 1973 and with 4,700 employees, was the second–largest full–service mutual fund transfer agent in

5460-787: Was commissioned by the Garden State Parkway Authority and built based on a design by architect Edward Durell Stone at a cost of $ 6.75 million (equivalent to $ 59.1 million in 2023). Adjacent to it is the New Jersey Vietnam Veterans Memorial , which opened on May 7, 1995. In 1977, Bruce Springsteen wrote and recorded many of his songs from his album Darkness on the Edge of Town in an old farmhouse in Holmdel. VoIP provider Vonage Holdings, Inc. , relocated its world headquarters from Edison to Holmdel in November 2005, occupying

5538-427: Was first announced in 2011. The LEED Platinum building, owned by PNC and designed by Gensler , won awards for its environmentally friendly features. In April 2017, the company acquired the U.S. equipment finance business of ECN Capital for $ 1.3 billion. In November 2017, the company acquired The Trout Group, an investor relations and strategic advisory firm servicing the healthcare industry . In 2018,

5616-575: Was named for the Holmes family, who were early settlers of the area, while others point to Dutch language words holm and del , meaning 'pleasant valley'. Holmdel is located 15 miles (24 km) west of the Jersey Shore . The township is notable for its historical and present connection to Bell Labs . Important evidence for the Big Bang was discovered using the Holmdel Horn Antenna at

5694-806: Was one of 22 companies that violated disclosure requirements for municipal bonds by failing to divulge that the issuers had filed late financial reports. It was fined $ 500,000. Beginning in 2010, until it changed its policy in February 2015, PNC was the subject of protests by the Earth Quaker Action Team, led by George Lakey , and the Rainforest Action Network due to its funding of companies engaged in mountaintop removal mining in Appalachia . The protests included political demonstrations at branches and offices and

5772-529: Was part of Middletown township when that was set up in 1693, but, split off in 1848 to form part of Raritan township (now Hazlet) which in turn split off Holmdel Township (February 23, 1857). The earliest work on radio astronomy was conducted by Bell Labs engineer Karl Guthe Jansky in 1931 in Holmdel. In 1964, Arno Penzias and Robert Woodrow Wilson of Bell Labs discovered evidence for cosmic microwave background radiation while performing research with

5850-408: Was renamed The Pittsburgh Trust Company in 1853. In 1858, the company located its corporate offices to the corner of Fifth Avenue and Wood Street in Pittsburgh, where they remain to this day. The bank changed its name to First National Bank of Pittsburgh in 1863 after it became the first bank in the country to apply for a national charter as part of that year's National Banking Act . It received

5928-400: Was selected to fill Dimaso's vacant seat and took office in January 2012, then was elected to the remainder of her term in the November 2012 general election. Holmdel Township is located in the 3rd Congressional District and is part of New Jersey's 13th state legislative district. Prior to the 2010 Census, Holmdel Township had been part of the 12th Congressional District , a change made by

6006-731: Was sued by Paul Bariteau, an investor in the Military Channel . Bariteau claimed PNC let the chairman of the Military Channel make unauthorized withdrawals of millions of dollars from the company's account for personal use. In June 2003, PNC Bank agreed to pay $ 115 million to settle federal securities fraud charges after one of its subsidiaries fraudulently transferred $ 762 million in bad loans and other venture capital investments to an AIG entity in order to conceal them from investors. In 2017, PNC agreed to pay $ 16 million to settle claims of overtime wages by loan officers under

6084-460: Was the first state legislation to incorporate municipalities. The government defined was a form of direct democracy , similar to the New England town meeting , in which the vote was available to all white males, at least 21 years old, who were citizens of New Jersey, and residents of the township for at least six months; and who paid taxes in the township, or who owned land, or rented a home in

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