entially a savings bank to a full service commercial bank. This would correct possibly its most serious shortcoming as a banking organization. Based on history, further acquisitions would not be surprising, and are probably a key element in the long term growth strategy of NFB.
How will NFB implement its strategies? The primary tool up to this time was the use of acquisitions to build its size and market position. There is no reason to believe that this is going to change in the near future. NFB is also opening de novo branches and is aggressively hiring experienced commercial lending officers.
The history of the North Fork Bank is actually a history of a series of acquisitions. This history as presented on the company website is presented below:
List of Bank and Thrift Company Acquisitions
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