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== Economy == Big M, a [[Private company|privately held]] clothing retailer which operates the brands Mandee, Annie Sez and Afaze, is based in Totowa. Big M filed for [[Chapter 11 bankruptcy|bankruptcy protection]] in 2013, precipitated by damage from [[Hurricane Sandy]].<ref>Gleason, Stephanie. [https://online.wsj.com/articles/SB10001424127887323482504578228030751472630 "Mandee's Owner Files for Chapter 11, Blaming Sandy"], ''[[The Wall Street Journal]]'', January 7, 2013. Accessed October 28, 2014. "Totowa, N.J.-based Big M employs 1,200 people, including 250 workers represented by two unions. The privately held company continues to be owned by the Mandelbaum family, which established it after World War II."</ref> The headquarters of [[Greater Community Bancorp]] was located in the borough. The bank operated 16 branches in North Jersey until its 2008 acquisition by [[Valley National Bank]].<ref>Staff. [https://web.archive.org/web/20140820085932/http://www.reuters.com/article/2008/03/19/idUS252835+19-Mar-2008+PRN20080319 "Valley National Bancorp to Acquire Greater Community Bancorp"], [[Reuters]], March 19, 2008. Accessed August 11, 2013. "Greater Community is a financial holding company headquartered in Totowa, New Jersey. Greater Community operates 16 full-service branches in thenorthern New Jersey counties of Bergen, Passaic and Morris through its state-chartered commercial bank subsidiary Greater Community Bank."</ref>
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