Investors Bank
Public | |
Traded as | NASDAQ: ISBC |
Industry | Banking |
Founded | 1926 |
Headquarters | Short Hills, New Jersey, United States |
Area served | New Jersey, New York (some loans available in other states) |
$43.6 Million (2016 YTD)[1] | |
Total assets | $21.19 Billion (2016 YTD)[2] |
Parent | Investors Bancorp, Inc |
Subsidiaries | Investors Home Mortgage, Investors Financial Group |
Website | https://www.myinvestorsbank.com/ |
Investors Bank is a publicly traded American independent full service savings bank that is based in Short Hills, New Jersey, USA. The bank operates over 140 branches across New Jersey and New York.[3]
History
In 1926, the bank was incorporated as the Washington Rock Building and Loan Association.[4] Sixteen years later, its name changed to Investors Savings and Loan. Through mergers, acquisitions, and internal expansion, the bank grew and eventually changed its name to Investors Savings Bank.[5]
In 1997, Investors changed from a New Jersey-chartered mutual savings bank to a New Jersey-chartered stock savings bank, and reorganized as a two-tiered holding company. The bank became a wholly owned subsidiary of Investors Bancorp, Inc., a Delaware-chartered, mid-tier stock holding company, and Investors Bancorp Inc. became a wholly owned subsidiary of Investors Bancorp MHC.
In 2005, Investors Bancorp Inc. became a partially public company, trading common stock on the NASDAQ.[6] In 2011, the bank rebranded itself and changed its name to Investors Bank.[7] On May 8, 2014 Investors Bancorp became a fully public company. [8]
Acquisitions[9]
- 2008: Summit Federal Savings Bank
- 2009: American Bank of New Jersey
- 2010: six Banco Popular branches in New Jersey[10]
- 2010: Millennium BCP Bank
- 2012: Brooklyn Federal Savings Bank, Marathon Bank
- 2014: Roma Bank
- 2014: GCF Bank
References
- ↑ https://www.snl.com/IRWebLinkX/file.aspx?IID=1032002&FID=34074501
- ↑ https://www.snl.com/IRWebLinkX/file.aspx?IID=1032002&FID=34074501
- ↑ https://www.myinvestorsbank.com/locations
- ↑ "Marathon Banking agrees to purchase by Investor Bancorp". Zephyr. 15 June 2012. Retrieved 2013-08-29.
- ↑ Lynne Ranieri (9 August 2010). "Local History: Investors Savings Bank's Legacy". Millburn-ShortHills Patch. Retrieved 2013-08-29.
- ↑ "Investors Bancorp, Inc. Stock Quote & Summary Data". NASDAQ. Retrieved 2013-08-29.
- ↑ Andy Peters (18 July 2012). "For Banks, New Logo Are More than Skin Deep". American Banker. Retrieved 2013-09-03.
- ↑ Tom DePoto (9 May 2014). "Investors Bancorp becomes a publicly owned company, starts trading on NASDAQ". Newark Star-Ledger. Retrieved 2014-05-09.
- ↑ http://www.state.nj.us/dobi/bankmerger_date.htm
- ↑ http://thealternativepress.com/articles/investors-savings-bank-adds-new-branches-in-essex
External links