Wayne Savings Bank, F.S.B.

Status:Inactive as of 10/16/1998
 Merger - Without Assistance
Successor Bank:Valley National Bank
Headquarters:Wayne Savings Bank, F.S.B.
1255 Hamburg Turnpike
Wayne, NJ 07470
Established:01/01/1921
FDIC Insurance:08/09/1989
FDIC Cert:#28728
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$270,818,000
Total Deposits:$206,724,000

History

1921-01-01Institution established: Original name:Wayne Savings and Loan Association
1994-11-07Changed name to Wayne Savings Bank, F.S.B.
1994-11-07Changed organization type to MUTUAL SAVINGS BANK
1996-06-27Changed organization type to STOCK SAVINGS BANK
1998-10-16Merged into and subsequently operated as part of Valley National Bank (9396) in PASSAIC, NJ
1999-06-11Acquired The Ramapo Bank (19721) in WAYNE TOWNSHIP, NJ
2001-01-19Acquired The Merchants Bank of New York (643) in NEW YORK CITY, NY
2001-12-26Reorganized.
2005-03-31Acquired Shrewsbury State Bank (21492) in SHREWSBURY, NJ
2005-06-03Acquired NorCrown Bank (26267) in LIVINGSTON, NJ
2008-07-01Acquired Greater Community Bank (26480) in TOTOWA, NJ
2008-09-12Reorganized.
2010-03-11Acquired LibertyPointe Bank (58071) in NEW YORK, NY as part of a government assisted transaction.
2010-03-12Acquired The Park Avenue Bank (27096) in NEW YORK, NY as part of a government assisted transaction.
2011-06-30Reorganized.
2012-01-01Acquired State Bank of Long Island (19695) in JERICHO, NY
2014-11-01Acquired 1st United Bank (35408) in BOCA RATON, FL
2015-12-01Acquired CNLBank (34427) in ORLANDO, FL
2018-01-01Acquired USAmeriBank (58427) in CLEARWATER, FL
2019-12-01Acquired Oritani Bank (28866) in TOWNSHIP OF WASHINGTON, NJ

Financial Information (1997-12-31 and Older)