PR Newswire

EAB Completes Purchase of Olympian Bank; Offices in Bay Ridge, Brooklyn and Astoria, Queens Open Today as EAB Branches.

PR Newswire | April 10, 2000 | Copyright

UNIONDALE, N.Y., April 10 /PRNewswire/ --

EAB and Olympian New York Corporation announced today that regulatory approval has been received and the final documents signed for EAB's acquisition of Olympian New York Corporation and its wholly owned subsidiary, Olympian Bank. Olympian Bank's branches in Bay Ridge, Brooklyn and Astoria, Queens opened for business today as EAB branches.

Olympian New York Corporation had $140 million in assets. The purchase price was $51.00 per share.

"This is a wonderful opportunity for EAB to bring our brand of…

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