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Investors Bancorp acquires six bank branches from Banco Popular North America

Oct 19, 2009 (Datamonitor via COMTEX) --

Company: Investors Bancorp Inc (ISBC)

Investors Bancorp, the holding company for Investors Savings Bank, has completed the acquisition of six New Jersey bank branches and approximately $227 million of deposits from Banco Popular North America. The company did not purchase any loans as part of the transaction.

Investors Bancorp said that it is consolidating Banco Popular's East Orange, New Jersey branch with Investors's existing East Orange branch office. The remaining five acquired branches have opened for business as branches of Investors Savings Bank.

Domenick Cama, executive vice president and COO of Investors Savings Bank, said: "We are pleased to welcome our new customers and look forward to providing the same level of quality service these customers were accustomed to receiving from Banco Popular." 

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Company: Investors Bancorp Inc (ISBC)


Related terms: acquisition, bank, business, executive, new jersey, north america, president

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