COMM BANCORP INC history

Roslyn was another venerable institution in the area, established in 1876.

Like NYCB, Richmond traced its history to the 19th century, with its founding in 1886.

Haven was the holding company for CFS Bank, founded in 1889 as Columbia Building & Loan Association.

Roosevelt's connection to the borough dated to 1895 when it was founded as Eastern District Savings Bank.

John Dowlin, a bank officer, rode a buck-board to the Farmers and Drovers Bank in Waynesburg on July 1, 1901, to pick up cash for the Carmichaels bank's opening day.

For more information, visit www.mcb.com or check your account anytime at 1-866-MCB-1910.

Richard L. Baily, son of a bank founder (J. Ewing Baily) was employed by The First National Bank of Carmichaels as a teller in 1913 and eventually became president and chairman of the board.

Greene County population rose 35.6 percent from 1920, due to an influx of coal miners.

In 1924, Frank Mitchener (FNB of Carmichaels' first president) died and was succeeded by L.T. Laidley.

Then in 1926, First National Bank of Carmichaels celebrated its silver anniversary with assets at $979,244.79.

Richard L. Bailey, cashier, and L.T. Laidley, president, signed this 1929 FNB of Carmichaels $20 bill issued by the Federal Reserve.

In 1930, FNB of Carmichaels recorded assets at $1,153,217.

In 1942 about $11.5million was invested in war bonds in Greene County.

The largest drive was in July 1945, when $2,255,000 was subscribed.

--Written in 1951, this 50-year-old passage from FNB of Carmichaels' commemorative anniversary book could have been written today, as neither history nor human nature have changed.

Community Bank was founded in 1955 by a group of Joseph, Oregon business leaders as the Bank of Wallowa County.

On December 1, 1961 FNB of Carmichaels was held up by four armed, liquor-laden robbers who made off with $8,000.

Then in 1964, FNB of Carmichaels opened its first branch, located in Greensboro.

He first came to work for Queens County Savings in 1965 at the age of 18.

In 1968 he joined the military, serving one year in Vietnam and three years as an occupational service psychiatric specialist, an experience that soured him on a career in psychology.

In 1979, Present-day Chairman/CEO Ralph J. Sommers, Jr. joined the staff of FNB of Carmichaels as executive vice president.

In 1980, FNB of Carmichaels opened its first Waynesburg office on High Street in July.

FNB's Greene Plaza office opened in July 1983.

In 1987, after considerable deliberation and market research, the First National Bank of Carmichaels changed its name to Community Bank, National Association to reflect its expanding role as the "community bank of choice" for superior customer service in Greene and Washington counties.

Citizens had three acquisitions in different decades that helped shape the momentum of the Company prior to a period of rapid growth which began in 1988, the year Citizens Financial Group, Inc. was acquired by The Royal Bank of Scotland Group.

He earned degrees from Pace University and the American Institute of Banking and began to work his way up through the bank's management ranks, becoming president and chief operating officer in 1989.

The bank remained relatively unchanged until 1991 when a new ownership group purchased the bank.

1993 Queens County Bancorp is incorporated.

Although it was doing well as a multifamily apartment lender in the metropolitan area, it lacked a sufficient amount of low-cost deposits to help it fund additional loans. It adopted the CFS Bank name in 1997, which it applied to the 62 supermarket branches it opened--but unfortunately at too rapid a pace.

Roslyn then acquired Roosevelt in 1999 and two years later NYCB acquired Richmond.

Although the "big-board" hit all-time highs, investors' enthusiasm was tempered in 2000 by three Fed rate hikes and a sharp economic slowdown.

Grew deposits by nearly 40% in 2001, against a nationwide average of 5%.6.

Ficalora was in Europe on business when bidding began on the Long Island thrift in June 2003.

Padgett, Tania, "CEO of New York Community Bancorp Is Well-Versed in Acquisitions," Newsday, July 3, 2004.

In addition, NYCB launched New York Community Bank in 2005 by opening a branch under that name in The Bronx.

In the deal that was still pending in 2006, New York Commercial Bank would add five branches in Queens and Manhattan, one in Brooklyn, four in Westchester County, and two on Long Island.

The company continued to exceed the aggressive growth goals over the next few months and by August 2007, MCB had over 90 employees and $250 million in total assets.

By the end of June 2009, MCB had $335 million in total assets and $291 million in total deposits.

In November 2015, Citizens Financial Group (NYSE: CFG) became a fully independent publicly-traded company, just over a year after the successful completion of the largest commercial bank initial public offering (IPO) in United States history.

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