Investors Bank

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)
$131.4 Million (2016 YTD)[1]
Total assets $22.54 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 bank that is based in Short Hills, New Jersey, USA. The bank operates over 145 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]

References

  1. ↑ https://www.snl.com/IRW/file/1032002/Index?KeyFile=36432807
  2. ↑ https://www.snl.com/IRW/file/1032002/Index?KeyFile=36432807
  3. ↑ https://www.myinvestorsbank.com/locations
  4. ↑ "Marathon Banking agrees to purchase by Investor Bancorp". Zephyr. 15 June 2012. Retrieved 2013-08-29.
  5. ↑ Lynne Ranieri (9 August 2010). "Local History: Investors Savings Bank's Legacy". Millburn-ShortHills Patch. Retrieved 2013-08-29.
  6. ↑ "Investors Bancorp, Inc. Stock Quote & Summary Data". NASDAQ. Retrieved 2013-08-29.
  7. ↑ Andy Peters (18 July 2012). "For Banks, New Logo Are More than Skin Deep". American Banker. Retrieved 2013-09-03.
  8. ↑ Tom DePoto (9 May 2014). "Investors Bancorp becomes a publicly owned company, starts trading on NASDAQ". Newark Star-Ledger. Retrieved 2014-05-09.
  9. ↑ http://www.state.nj.us/dobi/bankmerger_date.htm
  10. ↑ http://thealternativepress.com/articles/investors-savings-bank-adds-new-branches-in-essex
  11. ↑ "Investors Bank buys Bank of Princeton in $154 million deal". NJ.com. Retrieved 2016-10-25.

External links


This article is issued from Wikipedia - version of the 10/28/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.