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Astoria Financial Corporation Message Board

  • buccko57 buccko57 Mar 7, 2004 10:56 PM Flag

    af merger/takeover talk

    spoke with several people in the ny, and national banking circles, and it seems that the only likely takeover partner for af would be either jpmorgan chase or citicorp;

    the reasons for this are obvious; af is basically a ny bank, i doubt that any money center bank would come into ny and try to battle either citicorp or chase; do you think bank america would try that? not going to happen..

    there are no other banks in this region with the potential to take over af, except for maybe bank of new york, however they had not been too aggressive over recent years,

    anyway, doubt any action will occur before summer....

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