PCSB Bank receives commercial charter.
BANKING AND CREDIT NEWS-January 3, 2019--PCSB Bank receives commercial charter
(C)2019 M2 COMMUNICATIONS http://www.m2.com
Global Banking News - 03 January 2019
PCSB Financial Corporation has said that its unit, PCSB Bank, has received a New York charter for commercial operations.
The firm has now converted itself from a New York-chartered savings bank to a New York-chartered commercial bank. Following the conversion, PCSB Commercial Bank, a wholly-owned subsidiary of PCSB Bank, merged into PCSB Bank.
According to ForexTV, Joseph D Roberto, chair, president and CEO, said, 'As a commercial bank, the Bank will be able to more profitably manage government deposits...
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