Atlantic Bank of New York explained

Atlantic Bank of New York should not be confused with Atlantic National Bank (New York City).

Atlantic Bank of New York
Type:	Subsidiary of New York Community Bank
Industry:	Financial services

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

History

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.<ref name=history/>^[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

5.New York Commercial Bank Press Release July 30, 2014.

Notes and References

1. Web site: History . New York State Department of Financial Services . 2017-10-17 . https://web.archive.org/web/20141017033747/http://www.dfs.ny.gov/about/hista.txt . 2014-10-17 . dead .
2. Atlantic Bank of New York Reports 34% Increase in Earnings for First Quarter of 2003 . . April 23, 2003.
3. News: Ntl. Bank of Greece Sells Atlantic Bank to New York Bank for $400M in Cash . Antonis . Diamataris . . October 14, 2005.
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 . . May 1, 2014.