Red Bank was originally formed as a town on March 17, 1870, from portions of Shrewsbury Township. On February 14, 1879, Red Bank became Shrewsbury City, a portion of Shrewsbury Township, but this only lasted until May 15, 1879, when Red Bank regained its independence. On March 10, 1908, Red Bank was formed as a borough by an act of the New Jersey Legislature and was set off from Shrewsbury Township. The borough was named for the red soil along the Navesink River.
Source: Snyder, John P. The Story of New Jersey’s Civil Boundaries: 1606-1968, Bureau of Geology and Topography; Trenton, New Jersey; 1969. p. 184.