Atlantic Bank of New York

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Since 2006, Atlantic Bank of New York has been a division of New York Commercial Bank, itself a subsidiary of New York Community Bank.

[edit] History

• 1926 New York State chartered Bank of Athens Trust Company, a subsidiary of Bank of Athens.
• 1952 The bank changed its name to Atlantic Bank of New York.
• 1953 Atlantic Bank of New York acquired Hellenic Bank Trust Company, a subsidiary that National Bank of Greece had established in 1930.
• 1959 Atlantic Bank of New York acquired Bankatlanta Safe Deposit Company.
• 2002 Atlantic Bank of New York acquired Yonkers S&L, which had been established in 1888 as the Yonkers Building and Loan Association.
• 2006 National Bank of Greece sold Atlantic Bank of New York to New York Community Bank for US$400 million (€331 million) in cash. Proceeds from the sale will help finance further acquisitions in southeast Europe.