Penn Federal Savings Bank

Status:Inactive as of 04/02/2007
 Merger - Without Assistance
Successor Bank:New York Community Bank
Headquarters:Penn Federal Savings Bank
36 Ferry Street
Newark, NJ 07105
FDIC Insurance:08/09/1989
FDIC Cert:#30179
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$2,317,598,000
Total Deposits:$1,620,036,000


1941-11-01Institution established: Original name:Penn Federal Savings Bank
1982-10-31Acquired Sayreville Savings and Loan Association (30557) in OLD BRIDGE, NJ
1989-09-11Acquired First Federal Savings and Loan Association of Montclair (28472) in MONTCLAIR, NJ
1994-07-14Changed organization type to STOCK SAVINGS BANK
2007-04-02Merged into and subsequently operated as part of New York Community Bank (16022) in WESTBURY, NY
2007-10-01Acquired Synergy Bank (34851) in CRANFORD, NJ
2009-12-04Acquired AmTrust Bank (29776) in CLEVELAND, OH as part of a government assisted transaction.
2010-03-26Acquired Desert Hills Bank (57060) in PHOENIX, AZ as part of a government assisted transaction.
2018-11-30Acquired New York Commercial Bank (32749) in WESTBURY, NY
2020-02-01Moved bank headquarters from WESTBURY, NY to HICKSVILLE, NY

Financial Information (2007-03-31 and Older)