What bank took over Astoria Federal?
Sterling Bancorp
In October 2017, Sterling Bancorp fully acquired Astoria Financial Corporation, which had multiple Astoria Federal Savings branches on Long Island. With Tuesday’s merger, Webster also relocated its Connecticut headquarters from Waterbury to Stamford.
Who bought Astoria?
Hackman Capital Partners and Square Mile Capital Management have acquired Kaufman Astoria Studios, the New York City studio backlot and the original home of Paramount Pictures. Terms of the deal for the Queens facility with 11 soundstages and 325,000 square feet of production offices were not disclosed.
Is Sterling bank merging?
Webster Bank has completed its merger with Sterling National Bank.
Who bought Webster Bank?
1, 2022 /PRNewswire/ — Webster Financial Corporation (NYSE: WBS) (“Webster”) and Sterling Bancorp (“Sterling”) jointly announced today the completion of their previously announced merger, creating one of the largest commercial banks in the Northeast.
Who took over Sterling Bank?
Webster Bank
Sterling National Bank is now Webster Bank. On February 1, Sterling National Bank officially became part of Webster Bank, N.A. (“Webster”), bringing together two established, high-performing organizations to create an even stronger organization with more ways to support our clients and communities.
When did Kaufman Astoria Studios open?
1920
Built in 1920, Kaufman Astoria Studios was the original home of Paramount Pictures and served as the backdrop to more than 100 silent films.
Is Webster Bank merging?
Webster Bank’s new logo, shown here, was unveiled Tuesday as the bank completed its merger with Sterling Bancorp. Webster Financial Corp., which was founded in Waterbury amid the Great Depression, on Tuesday completed its $10 billion acquisition of Sterling Bancorp.
Is M Bank being bought out?
M Bank said the merger was unanimously approved by the board of directors of each company, as well as approval from the New York State Department of Financial Services and the Connecticut Department of Banking. The merger is expected to cause some job losses.
What is the new name of Sterling Bank?
What happened to Sterling Bancorp?
Sterling Bancorp had assets of approximately $30 billion at October 2, 2017, following its acquisition of Astoria Financial Corp….Sterling Bancorp.
| Type | Public company |
|---|---|
| Defunct | February 1, 2022 |
| Fate | Acquired by Webster Bank |
| Headquarters | Montebello, New York, U.S. |
| Key people | Richard L. O’Toole (Chairman) Jack Kopnisky (President & CEO) |
Who owns Kaufman Studios?
Hackman Capital Partners
Hackman Capital Partners and Square Mile Capital Management acquired Kaufman Astoria Studios, the original New York home of Paramount Pictures, as the two real estate investment firms continue to bet on strong demand for new productions to feed streaming services run by companies including Netflix Inc.