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Municipal Credit Union was founded in 1916 for municipal workers in New York City. John Purroy Mitchel, New York City's Mayor at the time, wanted city employees to have alternatives to loan sharks and encouraged the chartering of the organization. On November 2, 1977, the New York State Banking Department took over MCU for a brief time, citing ...
New York Community Bancorp (NYSE: NYCB) is not the first bank to run into financial trouble, cut its dividend, and accept a bailout. In fact, iconic Bank of America (NYSE: BAC) did each of those ...
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NYCB underwent multiple acquisitions in the 2000s, acquiring Haven Bancorp for $196 million in 2000, [7] Richmond County Financial in an $802 million transaction in 2001, [8] asset manager Peter B. Cannell & Co. in 2002, [9] Roslyn Bancorp in a $1.6 billion transaction in 2003, [10] Long Island Financial in a $70 million transaction in 2005 ...
New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora to Speak at Barclays Investor Conference WESTBURY, N.Y.--(BUSINESS WIRE) ...
M. Moran Weston already had earlier experience as the 1945-founder of a credit union, and, for Carver, had a supporting team of 14. [2] [5] Carver Federal Savings Bank served multiple purposes: to meet the financial services needs of African- and Caribbean-Americans in New York City; to help black homeowners obtain first mortgages
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The National Bank of North America was founded in New York in 1851. In 1970, it acquired Trade Bank and Trust Company and the First National Bank in Yonkers, followed by the National Bank of Far Rockaway in 1972. An offshoot of the CIT Financial Corporation, which bought the bank in 1966, it earned a record US$25 million profit in 1974. However ...