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Apr 20, 2012

ALMA BANK assumed the deposit accounts and purchased certain assets of FORT LEE FEDERAL SAVINGS BANK, FSB, FORT LEE, NEW JERSEY

Astoria, NY April 20, 2012: ALMA Bank announced that it entered into a purchase and assumption agreement with the FDIC, which had been appointed as the receiver of Fort Lee Federal Savings Bank. Under the agreement, effective April 20th, 2012, ALMA Bank assumes all of the deposits and has purchased certain assets of Fort Lee Federal Savings Bank FSB.


The Fort Lee Savings Bank branch opened on Saturday as an ALMA Bank branch and all the deposit customers of the Fort Lee Federal Savings Bank automatically became ALMA Bank customers. The branch is located at 817 Abbott Blvd., Fort Lee, NJ. After all system changes have been configured, former Fort Lee Federal Savings Bank customers may be serviced at any ALMA branch.


“ALMA is happy to welcome the Fort Lee community. We attribute our success as a community bank to our commitment towards satisfying our client’s needs through personalized service and flexible products,” says ALMA President George Katsiaunis. “ALMA is welcoming the Fort Lee Federal Savings Bank customers and certainly looking forward to serving all of their banking needs. This progressive expansion is reaffirming our strategic plan for development and growth across the Tri-State area according to our business plan,” supports Kirk Karabelas, Chairman of the Board.


With this agreement ALMA’s assets have increased to $815,791 million with a total of 11 branches. ALMA Bank is a commercial bank headquartered in Astoria, Queens, focusing on small and mid-sized businesses, professionals and consumers through its branch network, in Queens, Brooklyn, Manhattan, The Bronx and Bergen County NJ.


ALMA Bank is a full service financial institution with a wide variety of personal and business products and services. The bank has gained a reputation for serving the needs of the community by emphasizing the importance of personalized banking and financial solutions tailored to their customers’ needs. For more information visit www.almabank.com. ALMA BANK, Member FDIC, Equal Opportunity Lender. ###