Atlantic Bank of New York and The First National Bank of Ipswich Announce Agreement on Sale of Boston Office.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Atlantic Bank of New York
Boston is the capital and most populous city of Massachusetts.[3] The largest city in New England, Boston is considered the unofficial economic and cultural center of the entire New , including the deposits, loans and related business of the branch banking office operating at that location to FNBI. Customers of that branch, located at 33 State Street in Boston, Massachusetts will continue to have the convenience of banking at the same location without any interruption of service. Customers will also benefit from the added convenience of access to the larger network of local branches that FNBI has throughout Massachusetts. The transaction, which is subject to regulatory approval and other conditions of closing, is expected to be finalized during the second quarter of this year. Financial terms were not disclosed. Atlantic Bank's decision to sell its Boston location was driven by its strategic plans to continue the expansion of its branch network in its core market within the New York Metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. . "We are very pleased that customers will continue to have their banking needs served at the very same location and by the very same employees they have come to know and trust at the Atlantic branch The Atlantic Branch is an electrified rail line owned and operated by the Long Island Rail Road in the U.S. state of New York. It runs from Downtown Brooklyn to Valley Stream. The line has two tracks and is partly underground and partly elevated. office over the years," said Thomas M. O'Brien, Atlantic Bank's President and Chief Executive Officer. He added, "We have every confidence in turning over the stewardship of the State Street branch office to FNBI that the transition of this location will be just as smooth and successful for both employees and customers as was the case for the Cambridge office that we sold to FNBI last year. Commenting on the transaction Mr. Donald P. Gill, FNBI's President and Chief Executive Officer, stated, "Our acquisition of this extremely attractive location in the heart of downtown Boston is very exciting to all of us at FNBI. We are fortunate to have the branch and its highly professional and courteous staff become part of our growing organization. Everyone wins in this situation, including the customers, the employees and the local community." Established in 1926, Atlantic Bank of New York is one of the top 20 commercial banks serving the New York area. With $3.3 billion in assets, Atlantic Bank is a full-service commercial bank providing a comprehensive range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to small and mid-sized businesses, commercial real estate investors and consumers. The Bank operates branch offices in Manhattan, Queens, Brooklyn, Long Island, and Westchester, and offers Commercial Insurance Premium Financing on a nationwide basis through its wholly-owned subsidiary, Standard Funding Corporation. Atlantic Bank is a member of the NBG NBG National Bank of Greece NBG Nederlands Bijbelgenootschap NBG National Bank of Georgia NBG Need Before Greed (Everquest game slang) NBG National Bicycle Greenway NBG Naval Beach Group NBG Natural Born Gamers Group (NYSE NYSE See: New York Stock Exchange : NBG), which has more than $66 billion in assets and operates in 18 countries. Additional information is available on the Bank's website at www.abny.com. Operating for more than 106 years, The First National Bank of Ipswich is a full service commercial bank with 12 branch locations throughout Massachusetts and New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). . Additional information is available on the bank's website at www.fnbi.com. |
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