Synergy Bank

Status:Inactive as of 10/01/2007
 Merger - Without Assistance
Successor Bank:New York Community Bank
Headquarters:Synergy Bank
310 North Avenue East
Cranford, NJ 07016
FDIC Insurance:05/01/1998
FDIC Cert:#34851
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$912,271,000
Total Deposits:$567,385,000


1952-01-01Institution established but was not FDIC insured. Original name: Schering Employees FCU
1979-12-31Changed name to Schering Corporate Employees FCU
1981-11-18Changed name to Schering Employees Federal Credit Union
1987-10-07Moved bank headquarters from UNION TOWNSHIP, NJ to KENILWORTH, NJ
1993-11-12Changed name to Synergy Federal Credit Union
1998-05-01Changed organization type to MUTUAL SAVINGS BANK
1998-05-01Changed name to Synergy Federal Savings Bank
1998-05-01Became FDIC insured.
2001-03-01Changed organization type to STOCK SAVINGS BANK
2001-07-10Changed organization type to MUTUAL SAVINGS BANK
2002-04-12Changed name to Synergy Bank
2003-01-10Acquired First Bank of Central Jersey (34690) in NORTH BRUNSWICK, NJ
2007-10-01Merged into and subsequently operated as part of New York Community Bank (16022) in WESTBURY, NY
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 (2007-09-30 and Older)