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Article: East New York Savings Bank to become subsidiary of First Empire State.
- Article from:
- PR Newswire
- Article date:
- July 2, 1987
CopyrightCOPYRIGHT 1987 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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EAST NEW YORK SAVINGS BANK TO BECOME SUBSIDIARY
OF FIRST EMPIRE STATEIDIARY
BUFFALO, N.Y., July 2 /PRNewswire/ -- Paul B. Murray, president of the East New York Savings Bank, and Robert G. Wilmers, chairman of the board and chief executive officer of First Empire State Corporation (NASDAQ: FEMP), announced that East New York and First Empire have entered into a definitive agreement under which East New York will convert from mutual to stock form and become a wholly-owned subsidiary of First Empire.
The agreement was signed following the unanimous approvals of the respective boards of trustees and directors of East New ...