Atlantic Bank of New York
Encyclopedia
Since 2006, Atlantic Bank of New York has been a division of New York Commercial Bank, itself a subsidiary of New York Community Bank
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New York Community Bank
New York Community Bank is the savings bank subsidiary of the publicly traded company New York Community Bancorp. New York Community Bancorp is the fourth largest thrift in the United States and the largest in New York State...
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History
- 1926 New York State chartered Bank of Athens Trust Company, a subsidiary of Bank of AthensBank of AthensThe Bank of Athens was a bank in Athens, Greece. It was founded in 1893 and merged in 1999. It continued the name of an earlier but no longer operating Anglo-Greek bank that Michel Emmanuel Rodocanachi had established in the UK.-History:...
. - 1952 The bank changed its name to Atlantic Bank of New York.
- 1953 Atlantic Bank of New York acquired Hellenic Bank Trust Company, a subsidiary that National Bank of GreeceNational Bank of GreeceThe National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...
had established in 1930. National Bank of GreeceNational Bank of GreeceThe National Bank of Greece is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean...
had just merged with Bank of Athens to form National Bank of Greece and Athens, later shortened to National Bank of Greece. - 1959 Atlantic Bank of New York acquired Bankatlanta Safe Deposit Company.
- 2002 Atlantic Bank of New York acquired Yonkers S&L, which had been established in 1888 as the Yonkers Building and Loan Association.
- 2006 National Bank of Greece sold Atlantic Bank of New York to New York Community BankNew York Community BankNew York Community Bank is the savings bank subsidiary of the publicly traded company New York Community Bancorp. New York Community Bancorp is the fourth largest thrift in the United States and the largest in New York State...
for US$400 million (€331 million) in cash. National Bank of Greece used proceeds from the sale to help finance further acquisitions in southeast Europe.