This excerpt taken from the COF 8-K filed May 19, 2006.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
North Fork Bancorporation, Inc. is a regional bank holding company organized under the laws of the State of Delaware and registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. North Fork Bank, our principal bank subsidiary, operates from 353 retail bank branches in the New York Metropolitan area. We also operate a nationwide mortgage business (GreenPoint Mortgage Funding Inc.). GreenPoint Mortgage is in the business of originating, selling and servicing a wide variety of mortgages secured by 1-4 family residences and small commercial properties. Through our other non-bank subsidiaries, we offer financial products and services to our customers including asset management, securities brokerage, and the sale of alternative investment products. We operate a second subsidiary bank, Superior Savings of New England, N.A., which focuses on telephonic and media-based generation of deposits.
In May 2004, we acquired The Trust Company of New Jersey (TCNJ). TCNJ was the fourth largest commercial bank headquartered in New Jersey and operated in the northern and central New Jersey market area. TCNJ represented our first significant expansion into a state other than New York. At the date of merger, TCNJ had $4.1 billion in total assets, $1.4 billion in securities, $2.1 billion in net loans, $3.2 billion in deposits and $.7 billion in borrowings.
In October 2004, we acquired GreenPoint Financial Corp. (GreenPoint). GreenPoint operated two primary businesses, a New York based retail bank (GreenPoint Bank) and a separate mortgage banking business (GreenPoint Mortgage or GPM) with nationwide operations. GreenPoint Bank maintained 95 retail bank branches in the New York Metropolitan area. At the date of merger, GreenPoint had $27 billion in assets, $6.8 billion in securities, $5.1 billion in loans held-for-sale, $12.8 billion in loans held-for-investment, $12.8 billion in deposits, and $11.4 billion in borrowings.