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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.
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