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.
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History
In 1926, the bank was incorporated as the Washington Rock Building and Loan Association. 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.
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. In 2011, the bank rebranded itself and changed its name to Investors Bank. On May 8, 2014 Investors Bancorp became a fully public company.
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Acquisitions
- 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
- 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
Source of the article : Wikipedia
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