North Fork Bank 〈COMPLETE SUMMARY〉
In December 2006, completed its acquisition of North Fork Bancorporation for $13.2 billion in stock and cash. This move allowed Capital One to expand from a primarily credit-card-focused company into a top-ten U.S. bank with a massive retail deposit base in the New York market.
Acquired several banks to establish footholds in Westchester, the Bronx, Brooklyn, and eventually Manhattan. north fork bank
Beginning in the late 1980s, North Fork embarked on a massive acquisition streak to compete with larger New York institutions. Key milestones included: In December 2006, completed its acquisition of North
By the mid-2000s, North Fork had grown from a $20 million local lender into a regional giant with over and approximately $60 billion in assets . Key Facts and Operations Key Facts and Operations For much of its
For much of its history, the bank was headquartered in Melville, New York .
The North Fork branding officially disappeared on , when all branches were renamed to Capital One. Post-Merger Legacy Lifetime Achievement: John Kanas - American Banker
Its first major acquisition, which doubled its assets.