National Cooperative Bank expands New York presence.

NCB, FSB, a subsidiary of National Cooperative Bank (NCB), the nation's leading provider of financing to housing cooperatives and condominiums in the New York Tri-State area, is doubling its office space to 10,000 square feet at its 250 Park Avenue location.

Edward Howe III, Managing Director of NCB's New York office, made the announcement.

"The NCB New York team has called 250 Park Avenue home for the past seven years," stated Mr. Howe.

"Since planting our roots on the ninth floor, we have grown substantially from a boutique financier to New York's leading cooperative and condominium lending institutions.

"We are committed to staying at this premier location in Midtown and we look forward to celebrating future successes in our newly designed and expanded office."

Construction of NCB New York's new space began in November, and was completed in early February 2006. While remaining on the ninth floor, the Bank has now officially moved in to its expanded location in Suite 900.

Michael Norris of Colliers ABR, Inc., 250 Park Avenue's leasing broker, stated "Conveniently located just north of Grand Central Station on Park Avenue between 46th and 47th Streets, 250 Park Avenue is the ideal home for this premier lending institution. We have witnessed the Bank's exciting growth over the past decades and are sure these offices will serve the organization well in the years to come."