Atlantic Bank of New York

Atlantic Bank of New York is a bank holding company and a subsidiary of New York Community Bank.

Not to be confused with Atlantic National Bank (New York City).
Atlantic Bank of New York
TypeSubsidiary of New York Community Bank
IndustryFinancial services
Founded1926 (1926)
6th Avenue, Manhattan

History

In 1926, Bank of Athens Trust Company, a subsidiary of Bank of Athens, received a bank charter in New York State.[1]

In 1952, the bank changed its name to Atlantic Bank of New York.[1]

In 1953, the bank acquired Hellenic Bank Trust Company.[1]

In 1959, the bank acquired Bankatlanta Safe Deposit Company.[1]

In 2002, the bank acquired Yonkers S&L.[1][2]

In 2006, the bank was acquired by New York Community Bank for $400 million.[3] and Mr. Spiros J. Voutsinas appointed President of Atlantic Bank.

In 2014, Spiros J. Voutsinas, the president & chief executive officer of the bank, died.[4] In July 2014, Nancy Papaioannou was elected President of Atlantic Bank of New York, division of New York Commercial Bank.≤5≥

References
  1. "History". New York State Department of Financial Services. Archived from the original on 2014-10-17. Retrieved 2017-10-17.
  2. "Atlantic Bank of New York Reports 34% Increase in Earnings for First Quarter of 2003" (Press release). Business Wire. April 23, 2003.
  3. Diamataris, Antonis (October 14, 2005). "Ntl. Bank of Greece Sells Atlantic Bank to New York Bank for $400M in Cash". The National Herald.
  4. "New York Community Bancorp, Inc. Regretfully Announces the Passing of Spiros J. Voutsinas, a Member of the Board of Directors, and President & Chief Executive Officer of the Atlantic Bank Division of New York Commercial Bank" (Press release). Business Wire. May 1, 2014.

5.New York Commercial Bank Press Release July 30, 2014.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.