New york community bank
New York Community Bank (NYCB) is a regional bank headquartered in Westbury, New York. Here are some key facts about the bank:
History: New York Community Bank was founded in 1859 as the Long Island Bank of Brooklyn. Over the years, the bank has undergone several mergers and acquisitions, including a major merger with New York International Bank in 1999.
Services: NYCB offers a range of financial services, including:
- Personal banking: checking and savings accounts, credit cards, loans, and mortgages
- Commercial banking: business loans, lines of credit, and cash management services
- Wealth management: investment services, retirement planning, and estate planning
- Mortgage banking: residential and commercial mortgage lending
Branches and ATMs: NYCB has over 250 branches and 500 ATMs throughout New York City, Long Island, New Jersey, and Florida.
Subsidiaries: NYCB has several subsidiaries, including:
- New York Commercial Bank: a commercial banking subsidiary that provides specialized services to businesses
- New York Private Bank & Trust: a wealth management subsidiary that offers investment and trust services
- NYCB Mortgage Company: a mortgage banking subsidiary that originates and services residential and commercial mortgages
Awards and recognition: NYCB has received numerous awards and recognition for its community involvement, customer service, and financial performance. Some notable awards include:
- "Best Bank in New York" by Forbes (2020)
- "Top 100 Most Community-Minded Companies in the US" by The Civic 50 (2020)
- "Best Places to Work" by Long Island Business News (2020)
Community involvement: NYCB is committed to giving back to the communities it serves. The bank has a strong philanthropic program that focuses on education, healthcare, and community development. NYCB also has a volunteer program that encourages employees to participate in community service activities.
Financial performance: NYCB is a publicly traded company listed on the NYSE under the ticker symbol NYCB. The bank has a strong financial performance, with assets of over $50 billion and a market capitalization of over $10 billion.