Group honors banks for community service.Neighborhood Housing Services of New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. (NHS) recognized members of the banking industry recently at a breakfast sponsored by Keyspan Energy. The event celebrated the banks' commitment to affordable housing through major investments in NHS' home improvement lending programs. The honored institutions included the Amalgamated Bank, Apple Bank for Savings, Banco Popular, The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. , Fleet Bank, N.A., Flushing Savings Bank, FSB, GreenPoint Bank, HSBC Bank USA HSBC Bank USA, N.A., the United States subsidiary of the HSBC Holdings plc, is a bank with its head office in New York City. History The Hongkong and Shanghai Banking Corporation acquired a 51% shareholding in Marine Midland Bank of New York State, headquartered in , IBJ Whitehall Bank & Trust Co., Korea Exchange Bank, Lehman Brothers Bank, FSB, Maspeth Federal Savings and Loan Association Federal Savings and Loan Association An institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. , Roslyn Savings Bank, State Bank of India State Bank of India (SBI) (LSE: SBID) is the largest bank in India. If one measures by the number of branch offices and employees, SBI is the largest bank in the world. Established in 1806 as Bank of Bengal, it is the oldest commercial bank in the Indian Subcontinent. , Sterling National Bank, and TD Waterhouse Bank N.A. The 16 financial institutions have actively participated in the continued growth of housing in NHS' target neighborhoods and the stimulation of development throughout New York City. Since 1985 these organizations are responsible for more than $17.5 million in capital agreements, consisting of lines of credit and term loans, and $5.5 million in grant funding to support NHS' mission. Thirty-five representatives of the banks' representatives have also partnered with NHS to donate their time to serve on various boards and committees. "Partnerships with these financial institutions has been a critical part of NHS' helping homeowners protect theirinvestments," said Justa. |
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