relies largely or entirely upon a single source . relevant discussion may be found on the talk page . please help improve this article by introducing citations to additional sources . may 2015 new york community bank type public traded as nyse nycb industry banking founded 1859 headquarters hicksville ny united states products banking website www.mynycb.com new york community footprint ; includes its traditional greater new york footprint upper left and the southern florida upper right ohio lower left and arizona lower right acquired through the amtrust bank takeover . new york community bank nycb is the savings bank subsidiary of the publicly traded company new york community bancorp. new york community bancorp is the fourth largest thrift in the united states and the largest in new york state . 1 full citation needed it is also the leading producer of multi family loans for portfolio in new york city . 1 nycb was founded in 1859 in flushing queens as queens county savings bank and changed their name on december 15 2000 to new york community bank to better reflect their market area beyond queens . nycb serves new york city long island and westchester county through its queens county savings bank richmond county savings bank roosevelt savings bank roslyn savings bank and new york community branded branches . it serves northern new jersey through its newly formed garden state community bank division which consolidated four divisions first savings bank of new jersey ironbound bank penn federal savings bank and synergy bank . customers of nycb can make transactions at any branch regardless of division . additionally new york community bancorp has a second commercial banking subsidiary new york commercial bank formerly long island commercial bank which operates two divisions new york commercial bank and atlantic bank of new york . the two subsidiaries operate separate banking systems but transactions for both can be effected at any nycb marked branch . last year it was announced that the commercial bank division will be merged into the community bank division . this is set to be completed by the 2nd quarter of 2016 . on october 29 2015 new york community bancorp announced astoria bank will merge with and into new york community bank . the merger is set to be completed by 4th quarter of 2016 . contents 1 multi family lending 2 amtrust failure 3 divisions 4 citations 5 external links multi family lending edit in new york city where the majority of the housing stock consists of rental units in multi family buildings new york community bank has been producing multi family loans for more than 40 years . as the only lender to consistently provide funds to finance the city s multi family buildings during all economic cycles so to forge a market leadership in this lending niche . most of the loans produced by the bank are secured for low to moderate income buildings that are subject to rent control and rent stabilization laws . of the 32 billion of multi family loans produced by the bank from january 1 1993 through march 31 2011 approximately 24 billion 75 % were secured for such properties . amtrust failure edit on december 4 2009 the fdic took control of amtrust a bank headquartered in cleveland oh with 66 branches in ohio florida and arizona . new york community bank acquired amtrust worth 12 billion from the fdic in a deal . as part of the deal the fdic is shielding new york community bank from the 9 billion debt . the branches in florida and arizona retained the amtrust name but branches in ohio were reverted to ohio savings in spring 2010 . this also expanded nycb s branch footprint outside of greater new york for the first time . on march 26 2010 desert hills bank in phoenix arizona was also seized by the fdic . due to the smaller size of desert hills and the recent acquisition of amtrust desert hills was absorbed into the amtrust division . divisions edit new york community bank operates branches under the following divisional brands . not included here are the former amtrust operations . queens county savings bank founded april 14 1859 is the oldest and original part of nycb . it was also the first bank in queens . citation needed qscb has 34 branches throughout queens . roosevelt savings bank established in 1895 as eastern district savings bank changed its name in 1920 in honor of president theodore roosevelt . its eight branches serve brooklyn . roslyn savings bank established in 1875 was the first bank in nassau county . it serves nassau and suffolk counties through its 57 branches . cfs bank founded on august 14 1889 as columbia savings and loan association later changed its name to columbia federal savings bank . in 1997 it shortened its name to the current cfs bank which could be an acronym for its former name or also convenient financial services and currently complete financial services . of its 6 branches 4 are in westchester county one is in the bronx and one is in manhattan . these branches are now branded as new york community bank as the cfs bank moniker was retired . the manhattan branch was located in a pathmark store in lower manhattan and was nycb s only manhattan branch until it was closed . new york commercial bank s acquisition of atlantic bank of new york added 5 branches which despite operating under the commercial bank s charter are accessible to the community bank s customers . richmond county savings bank was founded on october 20 1886 in the odd fellows building on the corner of richmond terrace and broadway and joined nycb in july 2001 . they serve staten island with 23 branches throughout staten island . in december 2007 nycb created its garden state community bank division to consolidate its four new jersey divisions first savings bank of new jersey ironbound bank penn federal savings bank and synergy bank into one division . first savings bank of nj had four branches exclusively in the city of bayonne nj . it was founded in 1889 and joined nycb in july 2001 . ironbound bank served essex and union counties in new jersey through four branches . it was named for the section of newark nj in which it was founded in 1988 . it joined nycb in 2001 . on april 2 2007 nycb acquired penn federal savings bank adding branches in east central and north east new jersey . in 1941 11 building and loan associations in the ironbound section of newark consolidated under the name of penn federal savings and loan association . the s & l later changed its name to penn federal savings bank to associate the bank with the community s centerpiece penn station . on october 1 2007 nycb acquired synergy bank of cranford new jersey which had branches throughout northern and central new jersey . synergy bank began in the early 1950s when employees of one of new jersey s major pharmaceutical firms formed a federal credit union . in 1998 the credit union s members voted to convert to a savings institution . in september 2009 nycb re branded the synergy branches to garden state community bank . all synergy customers accounts were transferred to nycb and are accessible at any nycb bank branch . citations edit a b snl datasource http www.snl.com bank external links edit nycb home v t e 50 largest banks and bank holding companies in the united states ally american express bancwest bank of america bank of new york mellon bb & t bbva compass bmo harris capital one charles schwab cit citigroup citizens comerica deutsche discover e trade fifth third first niagara ge capital goldman sachs hsbc bank usa huntington john deere jpmorgan chase key m & t morgan stanley mufg union mutual of omaha nationwide new york community northern trust people s united pnc popular rbc usa regions santander state farm state street suntrust svb synchrony td tiaa u.s. usaa wells fargo zions indicates the u.s. subsidiary of a non u.s. bank . inclusion on this list is based on u.s. assets only and is current as of december 31 2015 . 1 retrieved from https en.wikipedia.org w index.php title new york community bank & oldid 735012330 categories companies listed on the new york stock exchangecompanies based in nassau county new yorkbanks established in 1859banks based in new york1859 establishments in new yorkhidden categories articles needing additional references from may 2015all articles needing additional referencesarticles needing more detailed referencesall articles with unsourced statementsarticles with unsourced statements from january 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran 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