Company Profile
Company Overview
With assets of $44.5 billion at March 31, 2013, New York Community Bancorp, Inc. is the multi-bank holding company for New York Community Bank—a savings bank with 239 branches serving customers throughout Metro New York, New Jersey, Ohio, Florida, and Arizona—and New York Commercial Bank, with 35 branches in Manhattan, Queens, Brooklyn, Long Island, and Westchester County, all in New York. New York Community Bank…Now in our 154th year of Service Founded in 1859 in Queens, a borough of New York City, New York Community Bank is one of the top 25 depositories in the United States. The breadth of our franchise is the result of earnings-accretive merger transactions with five local institutions and our FDIC-assisted acquisitions of AmTrust Bank and Desert Hills Bank, which provided us with branches in Ohio, Florida, and Arizona in December 2009 and March 2010. Reflecting the acquisition-driven expansion of our franchise, our 239 branches operate through seven local divisions, each with a history of strength and service in its community. In New York, we serve our customers through:
• Queens County Savings Bank, with 33 locations spanning the borough;
• Roslyn Savings Bank, with 53 locations in Nassau and Suffolk counties, combined;
• Richmond County Savings Bank, with 22 locations on Staten Island; and
• Roosevelt Savings Bank, with eight branches in Brooklyn.
We also operate two branches each in the Bronx and Westchester County directly under the name New York Community Bank. In New Jersey, we serve our customers through Garden State Community Bank, with 51 branches in Essex, Hudson, Mercer, Middlesex, Monmouth, Ocean, and Union counties. Our Ohio Savings Bank division meets the needs of our customers in northeastern Ohio with 28 branches; and Our AmTrust Bank division serves our customers through 26 branches in south Florida and 14 branches in central Arizona. New York Commercial Bank…Providing Personalized Service for Consumers and Businesses On December 30, 2005, we completed our first commercial bank acquisition, with the addition of Long Island Financial Corp., parent of Long Island Commercial Bank, to our banking family. The acquisition provided us with an established commercial banking platform, and was intended to serve as the foundation for the growth of our new commercial bank subsidiary, New York Commercial Bank. It wasn't long before we expanded. Reflecting the acquisitions of Atlantic Bank of New York and Doral Bank’s branch network in New York City, the Commercial Bank now has 35 branches, including 11 in Queens, ten on Long Island, five in Manhattan, five in Brooklyn, and four in Westchester County. A Leading Multi-Family Mortgage Lender In addition to enjoying a meaningful share of the region’s deposits, we produce a significant share of the region’s multi-family mortgage loans. We are a leading producer of multi-family loans on rent-regulated apartment buildings in New York City, and all of the multi-family loans we produce are for our own portfolio. At March 31, 2013, multi-family loans represented $19.2 billion, or 68.4%, of loans held for investment, which totaled $28.1 billion at that date. A Leading Aggregator of One-to-Four Family Loans In connection with our FDIC-assisted AmTrust Bank acquisition, we expanded our business model to include the aggregation of one-to-four family loans for sale. Today NYCB Mortgage Company, LLC, our mortgage banking operation, ranks among the nation’s 15 largest loan aggregators, and has proved a meaningful source of revenues. A Consistent Record of Efficiency and Asset Quality We also are distinguished by our efficiency and the quality of our assets, with measures that continue to rank among the industry's best
We invite you to learn more about us and the actions we are taking to enhance the value of our Company, our franchise, and our investors’ shares.