Gold Coast adds Huntington branch
Gold Coast Bank is adding a second branch in Huntington, the first expansion of the bank since its founding in Islandia in 2008. The bank also has filed with the New York State Banking Department to...
View ArticleCommunity National Bank earns 5-star rating
Great Neck-based Community National Bank earned five stars, the highest possible, in a ranking test conducted by BAUERFINANCIAL, an independent bank and credit union rating firm. The five-star rating...
View ArticleMadison Nat’l Bank merging with FNBNY
In a $33.7 million deal, Hauppauge-based Madison National Bank is merging with FNBNY Bancorp and its parent, Modern Capital Partners, both headquartered in Manhattan. Madison National Bank, which in...
View ArticleCredit unions hope to gain market share
Banks’ reputations and finances have taken a hit over the past couple of years, leaving the door open for credit unions to steal market share. And with credit unions enjoying just about 8 percent of...
View ArticleNew York Community Bancorp profit soars
Westbury-based New York Community Bancorp, the holding company for New York Community Bank and New York Commercial Bank, brought in profit of $135.6 million for the third quarter, a 37.6 percent jump...
View ArticleFirst National Bank of LI posts 3Q profit
Glen head-based First National Bank of Long Island closed another profitable quarter September 30. The 31-branch bank, which has about $1.7 billion in assets, made about $4.7 million in profit for the...
View ArticleNY credit union growth outpaces nation in 2011
The economy may be recovering at best, but New York credit unions are on a roll, expanding across the board. Through the third quarter of 2011, New York credit unions increased assets, loans and...
View ArticleM&T deal heralds wave of bank mergers
M&T Bank Corp.’s takeover of Hudson City Bancorp is widely viewed as a sign that, after four years with few deals, acquisitions may be bouncing back on Long Island and nationwide.
View ArticleCredit unions eye millennials
Young adults are most likely to recommend a credit union based on ease, convenience, service and respect, and financial assistance.
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