Ackerman Breaks Bank
April 17, 1997
Leonard Ackerman, an East Hampton attorney and in vestor in local properties, won the bidding Tuesday for the Bridgehampton National Bank building on Main Street in that hamlet, topping the offers at $1.65 million for the brick landmark on behalf, he said, of a client or clients he did not name.
The 18,000-square-foot, two-story building has housed the Bridgehampton National Bank since the early 1900s. The bank is in the process of shifting its headquarters to a large new building of Georgian design just east of Bridgehampton Commons on the Montauk Highway.
Several others had entered bids but when the going edged toward $1 million only two bidders were left, Mr. Ackerman and Robert Morrow.