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.
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