Investors Bank

Investors Bank
Public
Traded as NASDAQ: ISBC
Russell 2000 Component
Industry Banking
Founded 1926
Headquarters Short Hills, New Jersey, United States
Area served
 New Jersey, New York (some loans available in other states)
$57.9 Million (Q1 2018)[1]
Total assets $25.23 Billion (Q1 2018)[2]
Parent Investors Bancorp, Inc
Subsidiaries Investors Home Mortgage, Investors Financial
Website https://www.myinvestorsbank.com/

Investors Bank is a publicly traded, full-service bank that is based in Short Hills, New Jersey, USA. The bank operates over 150 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 Association. 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][10]

  • 1942: Millburn Building and Loan Association
  • 1943: Connecticut Farms Building and Loan Association, Battle Hill Building and Loan Association
  • 1947: Brick Church Savings and Loan Association
  • 1958: Lyons Farms Building and Loan Association
  • 1963: Divident Hill Savings and Loan Association
  • 1969: Plainfield Savings and Loan Association
  • 1973: Camptown Savings and Loan Association
  • 1977: Supreme Savings and Loan Association
  • 1991: East Jersey Savings Bank
  • 1995: five Carteret Federal Savings Bank branches
  • 2008: Summit Federal Savings Bank
  • 2009: American Bank of New Jersey, six Banco Popular branches in New Jersey[11]
  • 2010: seventeen Millennium BCP Bank branches (entire US operations; four branches were later sold by Investors Bank)
  • 2012: Brooklyn Federal Savings Bank, Marathon Bank
  • 2013: Roma Bank, RomAsia Bank
  • 2014: GCF Bank

References

  1. ↑ https://www.snl.com/Cache/1001236066.PDF?O=PDF&T=&Y=&D=&FID=1001236066&iid=1032002
  2. ↑ https://www.snl.com/Cache/1001236066.PDF?O=PDF&T=&Y=&D=&FID=1001236066&iid=1032002
  3. ↑ https://www.myinvestorsbank.com/branch-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. ↑ https://www.myinvestorsbank.com/About-Us/Our-History
  11. ↑ http://thealternativepress.com/articles/investors-savings-bank-adds-new-branches-in-essex
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