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Safra National Bank of New York company history timeline

1983

In 1983, investment banker Jeffrey C. Keil was named president of Republic New York.

1986

The company also began setting aside larger loan-loss reserves and in 1986--in moves to reduce its exposure to Latin American losses--began selling portions of its portfolio of Latin American loans.

1987

In 1987, Republic acquired The Williamsburg Savings Bank with 13 branches, expanding the company's domestic operations to a 43-branch network and broadening its geographic coverage of the greater New York City area.

1989

Safra responded by hiring Stanley S. Arkin to investigate the origin of the smear campaign, and, by March 1989, Safra was convinced that the snowballing rumors had begun at American Express.

1992

In 1992, Republic hired the former Shearson Lehman president Peter A. Cohen (who, like Lloyd, was ousted in an American Express management reorganization) to serve as chairperson of the new subsidiary Republic Securities, which began operations in November of that year.

1994

Republic New York entered 1994 as the 13th largest bank in the United States.

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Founded
1982
Company founded
Headquarters
New York, NY
Company headquarter
Founders
Joseph Safra
Company founders
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Safra National Bank of New York may also be known as or be related to Safra National Bank Of NY, Safra National Bank Of New York, Safra National Bank of New York and Safra National Bank-New York.