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Article: NORTH SIDE SAVINGS BANK ISSUES STATEMENT
- Article from:
- PR Newswire
- Article date:
- March 21, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FLORAL PARK, N.Y., March 21 /PRNewswire/ -- In response to a securities law filing by New York Bancorp, Inc. which was received by North Side Savings Bank (Nasdaq: NSBK) yesterday, North Side said that it would regard any further significant accumulation of North Side shares by New York Bancorp (NYSE: NYB) as not in the best interests of North Side stockholders.
New York Bancorp disclosed in its filing that it owns approximately 7.8% of North Side's stock and that it intends to acquire up to 20% of North Side's stock. New York Bancorp also indicated that it is exploring the desirability of submitting a merger proposal to North Side.
North Side's Chairman and ...