New York Community Bank (NYCB) is one of the largest thrifts in the country. Headquartered in Westbury, NY, it is the largest mutually-held financial organization in New York State, with specialization in accepting savings deposits and making mortgage and other loans. Apart from New York, the bank serves New Jersey, Ohio, Florida, and Arizona with nearly 250 branch locations spread across these states.
With competitive mortgage rates, New York Community Bank, also known as MYNYCB, has acquired a significant market share in areas where it operates. Most of the branches open six days a week. Besides, the bank offers customer service, online banking, mobile banking and ATM facilities 24 hours a day seven days a week.
The bank came into existence in 1859 as Queens County Savings Bank. Over the years NYCB has strengthened its position in major markets through strategic alliances with local thrifts. These thrifts include Queens County Savings Bank in Queens County, Richmond County Savings Bank on Staten Islands, Roosevelt Savings Bank in Brooklyn, Roslyn Savings Bank in Nassau, and Suffolk counties on Long Island.
In 2009, it acquired AmTrust Bank, a bank headquartered in Cleveland, OH, which helped it expand in Florida and Arizona. Ohio is served through Ohio Savings Bank, which is separated from AmTrust Bank. It further strengthened its position in Arizona through the acquisition of Desert Hills Bank in 2010, which was later absorbed into the AmTrust division.
New York Community Bank offers a variety of mortgage solutions and other lending options for individuals and businesses. Apart from providing the usual banking services, the bank also offers investments and insurance solutions.
|Bank Name||New York Community Bank|
|Year of Establishment||1/1/1859|
|FDIC Insured Since||07-01-43|
|FDIC Certificate No||16022|
|Number of Branches||249 domestic + 0 foreign|
|Number of ATMs|
|Number of Employees||2,083|
|Number of States Served||5 States|
|Services Offered (Available Accounts)|
|Mobile and Online Banking|
|Assets (June 30, 2014)||44,840,542|
|Deposits (June 30, 2014)||24,728,509|
|Equity Capital (June 30, 2014)||5,400,206|
|Net Income (June 30, 2014)||114,841|
|Primary Federal Regulator||Federal Deposit Insurance Corporation|
|Address||615 Merrick Avenue, Westbury,NY 11590|
(Courtesy: FDIC as on June 30, 2014)