New York Community Bancorp Inc., Westbury, N.Y., holding company for New York Community Bank and New York Commercial Bank, has announced a merger with PennFed Financial Services Inc., the holding company for Penn Federal Savings Bank, West Orange, N.J.
New York Community Bancorp Inc., Westbury, N.Y., holding company
for New York Community Bank and New York Commercial Bank, has announced
a merger with PennFed Financial Services Inc., the holding company for
Penn Federal Savings Bank, West Orange, N.J. The transaction will add 24
branches and $1.5 billion of deposits to the New York Community Bank
franchise in New Jersey. PennFed will merge with and into the New York
Community Bancorp.
COPYRIGHT 2007 Bank Marketing Assn.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.
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