The bank opened a branch in Canarsie in 1952. Greenpoint Savings Bank provides banking services. Investors Bank welcomes you to enjoy our wide range of personal, small business and commercial banking solutions including checking accounts, savings accounts, mortgages and more. Of total loans of $8.9 billion in 1997, 86 percent were designated for one- to four-family homes; seven percent to apartments; six percent, commercial; and one percent other.Green Point Savings Bank bought four branches in Westchester and Rockland counties from CrossLand Federal Savings Bank in early 1993, raising the number of its branches to 25. Both fixed and adjustable rates were being offered, with terms of 10 to 30 years for fixed rates and terms of up to 30 years for adjustable rates. Greenpoint is the northernmost neighborhood in Brooklyn. The Bank specializes in depository banking services.
North Fork Bank was the successor institution. North Fork early history was dominated by mergers of banks on the North Fork, Suffolk County, New York. In 1995, Ahmanson sold their New York operations to Greenpoint Savings Bank. Headlands was a specialist in "alt-A" loans to borrowers who did not quite meet the guidelines of Freddie Mac and Fannie Mae, names given to government-sponsored enterprises purchasing the bulk of mortgage loans. Although Green Point's level of nonperforming loans was higher than the thrift industry's average, it also received higher yields in order to compensate for higher risk.The company raised $786 million in its initial public offering by selling a majority of its common stock at $15 a share.
Most of its borrowers were choosing an "automatic credit" mortgage, which only required checking the applicant's name with a credit bureau. The low-doc product was discontinued in February 1997.) This organization primarily operates in the Functions Related to Deposit Banking business / industry within the Depository Institutions sector. Your GPS did not respond. Headlands, whose sales force was strongest in the West, while GreenPoint's was strongest in the East, had originated more than $6.8 billion in loans in 1998 by early December.GreenPoint Financial Corp. is a bank holding company whose bank subsidiary, GreenPoint Bank, had 73 branches in the New York City metropolitan area in 1998. The term “green point” first referred to the area’s pre-industrial verdant landscape that, until the American Revolutionary War, was occupied by only 5 interrelated families.
By the end of 1960 the number of depositors had grown to 132,813, assets to $296.7 million, and net profit to $10.2 million. Many of its clients were people who earned more money than they declared on their tax returns, said the bank's president, adding "We are not the I.R.S." Deposits reached more than $5 million in 1905. Investors Bank welcomes you to enjoy our wide range of personal, small business and commercial banking solutions including checking accounts, savings accounts, mortgages and more.
The mortgage subsidiary also was originating real estate loans in the New York City metropolitan area for larger residential, mixed use, and commercial properties. Greenpoint Savings Bank.
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