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Crain's New York Business
JAN-01
Well-heeled bidders line up for EAB sale; Bank buyer must come up with $1.5 billion in cash; deadline extended.
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Well-heeled bidders line up for EAB sale; Bank buyer must come up with $1.5 billion in cash; deadline extended.
Publication: Crain's New York Business Publication Date: 29-JAN-01 Author: wipperfurth, by heike
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COPYRIGHT 2001 Crain Communications, Inc.
Potential buyers are lining up to bid on European American Bank, which was put on the block earlier this month by its parent, Netherlands-based ABN Amro Bank N.V.
Several banks, including FleetBoston Financial Corp. and North Fork Bancorp, have already expressed interest in purchasing the area's fifth-largest bank, which has $15.4 billion in assets and $11 billion in deposits.
ABN has pushed back today's deadline...
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