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Atlantic Bank of New York

From Wikipedia, the free encyclopedia
Atlantic Bank of New York
Company typeSubsidiary of New York Community Bank
IndustryFinancial services
Founded1926; 98 years ago (1926)
6th Avenue, Manhattan

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

History

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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

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  1. ^ a b c d e "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.