North Fork Bank
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| Industry | Bank holding company |
|---|---|
| Fate | Acquired by Capital One |
| Successor | Capital One (branded as Capital One Bank) |
| Founded | 1858 (Southold Savings) 1905 (Mattituck Bank) 1950 (North Fork Bank) |
| Defunct | March 10, 2008 |
| Headquarters | Melville, New York |
| Products | Financial services |
North Fork Bank was an American bank from 1950 until 2008 when it became Capital One Bank (after the name of its new parent).
In November 2007, it had 365 branches in the New York metropolitan area.
North Fork early history was dominated by mergers of banks on the North Fork, Suffolk County, New York. Its earliest component was Southold Savings Bank in Southold, New York (although the company dates its history from 1905 with the founding of Mattituck Bank in Mattituck, New York, which would become the most active early partner).
It first assumed the name of North Fork Bank & Trust Company in 1950 through the consolidation of Mattituck and First National Bank of Cutchogue in Cutchogue, New York. North Fork Bancorporation was formed in 1980 and Southold Savings was acquired in 1988.
In the 1990s, it began an aggressive move into New York City market with the acquisition of Eastchester Financial Corporation in Eastchester, New York, in 1991; Bayside Federal Savings in Bayside, New York, in 1994; the Bank of Great Neck in Great Neck, New York, in 1995; 10 locations of First Nationwide in 1996; North Side Savings in 1996; Branford Savings Bank (in Branford, Connecticut) in 1997; Home Federal Savings in 1998; Amivest Corporation in 1998; New York Bancorp in 1998; Reliance Federal Savings & Jamaica Savings Bank FSB in 1999; the domestic deposits of Commercial Bank of New York in 2001 (marking an expansion of its two branches in Manhattan); the Trust Company of New Jersey in 2004, and GreenPoint Financial also in 2004.
Capital One acquired it and its Melville, New York, headquarters for $14.6 billion U.S. dollars. It was only the second bank bought by Capital One, and was the larger of two acquisitions comprising Capital One's 2005-06 expansion into retail banking. On March 10, 2008, all North Fork Banks began using the Capital One branding.
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