WESTBURY, N.Y., Oct. 1, 2018 /PRNewswire/ — New York Community Bancorp, Inc. NYCB, -3.71% (the “Company”) today appear that it has accustomed authoritative approval to absorb its bartering coffer subsidiary, New York Bartering Bank, with and into its primary subsidiary, New York Community Bank.
The alliance is accepted to abutting during the fourth division of 2018. Once the alliance is completed, all 30 branches of the Bartering Coffer will accomplish as branches of the Community Bank. The alliance of the Company’s two coffer subsidiaries is not accepted to appulse either bank’s chump base.
Commenting on the merger, President and Chief Executive Officer, Joseph R. Ficalora stated, “We are admiring to accept abounding authoritative approval for the alliance of our two accessory banks. The alliance should accommodate the Company with added authoritative and basic adaptability and allow us with added operational efficiencies by eliminating assertive redundancies. We additionally apprehend the alliance to be seamless to our barter and to our employees”.
About New York Community Bancorp, Inc.
Based in Westbury, NY, New York Community Bancorp, Inc. is a arch ambassador of multi-family loans on non-luxury, rent-regulated accommodation barrio in New York City, and the ancestor of New York Community Coffer and New York Bartering Bank. At June 30, 2018, the Company appear assets of $50.5 billion, loans of $39.4 billion, deposits of $29.6 billion, and stockholders’ disinterestedness of $6.8 billion.
Reflecting our advance through a alternation of acquisitions, the Community Coffer operates 223 branches through seven bounded divisions, anniversary with a history of account and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, and Roosevelt Savings Coffer in New York; Garden State Community Coffer in New Jersey; Ohio Savings Coffer in Ohio; and AmTrust Coffer in Florida and Arizona, while the Bartering Coffer operates 18 of its 30 New York-based branches beneath the bounded name Atlantic Bank. Added advice about the Company and its coffer subsidiaries is accessible at www.myNYCB.com and www.NewYorkCommercialBank.com.
Investor and Media Contact:
Salvatore J. DiMartino
View aboriginal agreeable to download multimedia:http://www.prnewswire.com/news-releases/new-york-community-bancorp-inc-announces-merger-of-subsidiary-banks-300722153.html
SOURCE New York Community Bancorp, Inc.
Copyright (C) 2018 PR Newswire. All rights aloof
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