Investors Bank
Type | Public |
---|---|
Nasdaq: ISBC Russell 2000 Component S&P 600 Component | |
Industry | Banking |
Founded | 1926 |
Headquarters | , 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
- 2019: Gold Coast Bank
References[]
- ^ https://www.snl.com/Cache/1001236066.PDF?O=PDF&T=&Y=&D=&FID=1001236066&iid=1032002
- ^ https://www.snl.com/Cache/1001236066.PDF?O=PDF&T=&Y=&D=&FID=1001236066&iid=1032002
- ^ "Branch and ATM Locations | NY Bank | NJ Bank | Investors Bank".
- ^ "Marathon Banking agrees to purchase by Investor Bancorp". Zephyr. 15 June 2012. Retrieved 2013-08-29.
- ^ Lynne Ranieri (9 August 2010). "Local History: Investors Savings Bank's Legacy". Millburn-ShortHills Patch. Retrieved 2013-08-29.
- ^ "Investors Bancorp, Inc. Stock Quote & Summary Data". NASDAQ. Retrieved 2013-08-29.
- ^ Andy Peters (18 July 2012). "For Banks, New Logo Are More than Skin Deep". American Banker. Retrieved 2013-09-03.
- ^ Tom DePoto (9 May 2014). "Investors Bancorp becomes a publicly owned company, starts trading on NASDAQ". Newark Star-Ledger. Retrieved 2014-05-09.
- ^ "Bank List".
- ^ "Our History | Investors Bank".
- ^ "Investors Savings Bank Adds New Branches in Essex and Passaic Counties; Moves into Newark and Montclair and Expands in Clifton".
External links[]
- Companies in the NASDAQ Financial-100
- Companies listed on the Nasdaq
- Banks based in New Jersey
- American companies established in 1926
- Banks established in 1926
- Companies based in Essex County, New Jersey
- Millburn, New Jersey
- 2005 initial public offerings
- United States bank stubs
- 1926 establishments in New Jersey
- 1926 establishments in the United States
- Companies established in 1926
- Bank company headquarters in the United States