NYB May Acquire AF in 2013
AF with their large percentage of low cost deposits and multifamily lending business would be a very accretive acquisition for NYB. If they can do a merger of equals with AF and continue to maintain their current dividend management may pull the trigger on this deal.
Joe F has been trying to lower core deposits for some time so taking AF out would be his big opportunity at a reasonable price.
Go for it Joe F!
Sentiment: Buy