Lenders React to New Market Conditions By Consolidating, Merging and Expanding
March 17, 2006
Lenders have been busy over the past few weeks – unfortunately, not closing loans – but merging, consolidating and opening new business units. The biggest news is the $14.6 billion takeover of North Fork Bancorp by Capital One Financial Corp. Melville, NY-based North Fork is parent to Alt A leader GreenPoint Financial, which it bought in 2004 for $6.2 billion. …