Manasquan Bank Leads by Example in Supporting Neuroinclusive Living at THRIVE Red Bank

Manasquan Bank Champions Neuroinclusive Living as Sole Lender for THRIVE Red Bank

In a significant stride toward fostering inclusive communities, Manasquan Bank recently announced its role as the exclusive institutional lender for THRIVE Red Bank, a transformative housing initiative tailored for neurodivergent adults. The project officially commenced with a groundbreaking ceremony held on July 30, 2025, at 273 Shrewsbury Avenue, where bank executives participated in celebrating this pioneering endeavor.

Spanning 34,000 square feet, THRIVE Red Bank will provide 32 meticulously designed one-bedroom apartments, alongside a range of communal facilities that prioritize connection, wellness, and personal development. Among the features are a sensory room, a teaching kitchen, a wellness area, and a community engagement space, all geared toward enriching the lives of its residents. Completion of this visionary project is anticipated by 2027.

James S. Vaccaro, the Chair, President, and CEO of Manasquan Bank, emphasized the project’s intent beyond mere construction: "This project is about more than construction. It's about hope, independence, and building a more inclusive future for a community in need. We are incredibly proud to be the sole banking partner for THRIVE Red Bank. It represents the kind of meaningful impact that defines who we are as a community bank."

The financial commitment from Manasquan Bank was facilitated by Christina Paccione, Senior Vice President and Commercial Lending Officer, who worked closely with the THRIVE Red Bank leadership to design a financing strategy aligned with the project’s vision. Paccione stated, "From the very first conversation, it was clear this development would be something special. THRIVE Red Bank addresses a critical need with care and compassion. We are honored to support a community where individuals can live confidently, independently, and with the support they deserve."

THRIVE Red Bank symbolizes the impact of local investments guided by values that matter. Thanks to Manasquan Bank's dedication as the sole institutional lender, this development represents a lasting, positive change for individuals and families in the area, enhancing access to thoughtfully designed, inclusive, and empowering housing.

Vaccaro further added, "At Manasquan Bank, we don't just finance projects; we fund progress. This is the kind of work that lifts others, strengthens neighborhoods, and further fortifies our institutional legacy as the consummate community bank."

Founded in 1874, Manasquan Bank is a mutual community bank with assets exceeding $3.2 billion, headquartered in Wall Township, New Jersey. The bank prides itself on its commitment to community engagement and provides a full spectrum of personal and business financial services, operating fifteen branches in Middlesex, Monmouth, and Ocean counties. Through its charitable foundation, Manasquan Bank actively backs community-centered initiatives, reaffirming its role as a pillar of support for local residents.

For more information about the bank and its initiatives, visit www.manasquan.Bank.