Category archives for: Finance

Seniors and Families Will Get More Affordable Housing

Neighborhoods in need will soon be able to get more affordable housing thanks to an expanded commitment of $25 million by State Farm Insurance Cos. to the National Equity Fund, Inc. (NEF). Capitalizing the fund will help revitalize low-income communities by financing affordable housing for disadvantaged families and seniors.
State Farm has joined forces with NEF, [...]

Investors Bancorp to Acquire Approximately $575 Million in Deposits and 17 Millennium Bank Branches

Investors Bancorp, Inc. (Nasdaq: ISBC) announced today that Investors Savings Bank (“Investors”), its wholly-owned subsidiary, has signed a Purchase and Assumption Agreement with Millennium bcpbank (“Millennium”) to acquire approximately $575 million of deposits and seventeen branch offices in New Jersey, New York and Massachusetts for a deposit premium of 0.11%.
Under the purchase and assumption agreement [...]

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