SHORT HILLS, N.J. and
ASTORIA, N.Y., Oct. 3, 2012 /PRNewswire/ -- Investors
Bancorp, Inc. (NASDAQ: ISBC) ("Company") and Marathon Banking
Corporation jointly announced today that they have received all
necessary regulatory approvals to proceed with the acquisition of
Marathon Banking Corporation by Investors Bancorp. The merger is
anticipated to be complete at the close of business on Monday, October 15, 2012.
About Investors Bancorp
At June 30, 2012, Investors
Bancorp, Inc., the holding company for Investors Bank, had
$11.4 billion in assets and operated
from its corporate headquarters in Short
Hills, New Jersey and eighty-seven branch offices located
throughout northern and central New
Jersey and New York.
About Marathon Banking Corporation
Marathon Banking Corporation is the holding company for Marathon
National Bank of New York. Marathon National Bank of
New York provides a full range of
financial services to customers through 13 banking offices located
in the boroughs of Queens,
Brooklyn, Manhattan, Nassau and Richmond
County, New York and in Fort Lee,
New Jersey.
Forward Looking Statements
Certain statements contained herein are "forward looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Such forward looking statements may be identified by
reference to a future period or periods, or by the use of forward
looking terminology, such as "may," "will," "believe," "expect,"
"estimate," "anticipate," "continue," or similar terms or
variations on those terms, or the negative of those terms.
Forward looking statements are subject to numerous risks and
uncertainties, as described in our SEC filings, including, but not
limited to, those related to the real estate and economic
environment, particularly in the market areas in which the Company
operates, competitive products and pricing, fiscal and monetary
policies of the U.S. Government, changes in government regulations
affecting financial institutions, including regulatory fees and
capital requirements, changes in prevailing interest rates,
acquisitions and the integration of acquired businesses, credit
risk management, asset-liability management, the financial and
securities markets and the availability of and costs associated
with sources of liquidity.
The Company wishes to caution readers not to place undue
reliance on any such forward looking statements, which speak only
as of the date made. The Company wishes to advise readers
that the factors listed above could affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed with respect to future periods in any current
statements. The Company does not undertake and specifically
declines any obligation to publicly release the results of any
revisions, which may be made to any forward looking statements to
reflect events or circumstances after the date of such statements
or to reflect the occurrence of anticipated or unanticipated
events.
SOURCE Investors Bancorp, Inc.