Powder Mill Bank

New Jersey – Morris – Morris Plains

(NM) Commercial bank, state charter and Fed nonmember


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(NM) Commercial bank, state charter and Fed nonmember




FDIC Certificate Number: 27001
FDIC's unique number: 36433
The FDIC Field Office where an institution is physically located: Jamesburg

Federal Reserve ID Number: 678801
Report Date: 1992-03-31

Bank Charter Class: NM
The date of the last data update: 1992-06-01

1987-06-29 Institution established. Original name: Powder Mill Bank.
1992-05-22 Merged with government financial assistance and subsequently operated as part of Valley National Bank in Wayne, New Jersey.
1993-06-18 Acquired Peoples Bank, National Association in Belleville, New Jersey.
1994-11-30 Acquired Rockbank in Plainfield, New Jersey.
1995-02-28 Acquired American Union Bank in Union, New Jersey.
1995-06-30 Acquired Lakeland Savings Bank in Succasunna, New Jersey.
1997-03-01 Acquired The Midland Bank And Trust Company in Paramus, New Jersey.
1998-10-16 Acquired Wayne Savings Bank, F.S.B. in Wayne, New Jersey.
1999-06-11 Acquired The Ramapo Bank in Wayne Township, New Jersey.
2001-01-19 Acquired The Merchants Bank Of New York in New York City, New York.
2001-12-26 Reorganized.
2005-03-31 Acquired Shrewsbury State Bank in Shrewsbury, New Jersey.
2005-06-03 Acquired Norcrown Bank in Livingston, New Jersey.
2008-07-01 Moved bank headquarters from Passaic, New Jersey to Wayne, New Jersey.
2008-07-01 Acquired Greater Community Bank in Totowa, New Jersey.
2008-09-12 Reorganized.
2010-03-11 Acquired Libertypointe Bank in New York, New York as part of a government assisted transaction.
2010-03-12 Acquired The Park Avenue Bank in New York, New York as part of a government assisted transaction.

Total assets: $49,587,000
Total deposits: $47,944,000
Last updated on: 2011-10-20

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Profile ID: LFUS-BAB-P-492

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