Investors Bank recently acquired Astoria-based Marathon Bank for $135 million in cash, reflecting a large accomplishment in its desire to expand.
But even though New Jersey-based Investors Bank intends to grow, it plans to treat its faithful customers with the same community-friendly attitude.
“Our mission is to maintain good employee and client relations and maintain the same level of quality and services to our clients,” said Domenick Cama, the chief operating officer (COO) of Investors Bank and a native of New York.
On track with its mission, the bank created a foundation in 2005 that has since granted more than $6 million to non-profit organizations.
In addition, when a new branch opens, the bank donates money to local charities for every customer that opens a new account.
About five years ago Investors Bank expanded its loan business from construction to multifamily in order to take advantage of the market.
Over the last few years the financial institution has purchased Brooklyn Federal Bank and Millennium Bank, Summit Bank, American Savings Bank, and some Banco Popular branches.
Currently Investors is the third largest commercial bank headquartered in New Jersey, with more than 85 branches scattered throughout the state.
Investors made a significant step with the purchase of Marathon, which will give them 22 branches in the city, but the bank aims to continue to make a difference in the communities Marathon serves.
“We will be able to enhance the services that Marathon customers received, because we have the ability to finance larger projects,” Cama said.