“In one fell swoop,” New York Community “would become a major player in New Jersey, gain a toehold in Fairfield County, and meaningfully deepen its presence” in the New York metro market, with a pro forma deposit market share of 4%, Fitzgibbon says. “However, we would be remiss if we did not point out that while [M&T] is having some regulatory challenges, there is no guarantee” that New York Community “would go through the regulatory process unscathed, especially since it would be a newly minted” systemically important institution.
All Financial Planning articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.