Friday, September 12, 2014
Bethpage FCU Buys Branch, Assets, and Liabilities from City National Bank of New Jersey
Newark, N.J.-based City National Bank of New Jersey is selling assets and liabilities of its Roosevelt, N.Y., branch to $5.7 billion Bethpage Federal Credit Union.
According to the FDIC, the branch in question had $15.3 million in deposits as of June 30, 2013. City National Bank on September 4 filed an application seeking approval for the proposed sale, which is expected to close by December.
Read the story in the American Banker.
According to the FDIC, the branch in question had $15.3 million in deposits as of June 30, 2013. City National Bank on September 4 filed an application seeking approval for the proposed sale, which is expected to close by December.
Read the story in the American Banker.
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