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Bank buys Rockland building.

Krieger & Co. Real Estate Services, Inc. has sold 100 Dutch Hill Road, Orangeburg, New York (a/k/a Rockland Executive Center) to Union State Bank for just under $3.5 million Krieger & Co. represented the seller, Nateby Associates, a limited partnership, which sold the building through a Chapter 11 bankruptcy proceeding.

According to Marc Krieger, president of Krieger & Co., Union State Bank will initially occupy approximately one-third of the building and expand as leases expire.

Union State Bank, a commercial bank with assets of $400 million is a subsidiary of USB Holding Co. Union State Bank has nine branches in Rockland and two branches in Westchester. Another subsidiary of USB Holding Co. is Royal Oak Federal Savings & Loan, with three branches located in and around Randalstown, Maryland, and assets of $50 million.
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Title Annotation:Orangeburg, New York
Publication:Real Estate Weekly
Date:Oct 28, 1992
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