BNET Industries
Last Fiscal Year Sales:$837.5M
- Private
- US
Dow Jones Description
Helping people stand on their own! Independence Community Bank Corp. based in Brooklyn, NY, is a community-oriented financial institution providing financial services to individuals and small to medium-sized businesses. It offers community-oriented services, using deposit products to originate a variety of loans, primarily residential mortgages for apartment buildings and mixed-use buildings. It also provides trust and investment services, and acts as executor or administrator of estates. Founded in 1850, the bank has revenue of $963 million and employs about 1,974 people. In January 2006 the stockholders of Independence Community Bank Corp. approved the merger of the bank with and into Sovereign Bancorp, Inc. (NYSE: SOV).
CFO, Executive Vice President & Treasurer
Frank W. BaierNumber of Employees 1,974
Peer Companies
NAICS Code Savings Institutions: 522120
News & Analysis
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independence community bank corp. and sovereign bancorp inc. - All News and Analysis
Sovereign bank builder; NY/NJ division chief aims to bring in commercial clients, boost market share.(Business Lives)
Byline: Tom Fredrickson For brendan dugan, there's no mystery about building a commercial bank. It's a matter of getting "in the face'' of potential customers, winning their confidence and being there when they're ready to switch banks. It's a formula that...
Sovereign chairman to join Spanish bank’s board
Grupo Santander, the largest bank based in Spain, plans to name Sovereign Bancorp chairman Jay S. Sidhu to its board of directors at its annual meeting in Madrid on June 16. Santander chairman Emilio Botin and his top deputy, Juan Rodriguez Inciarte, on Thursday joined Sovereign's board, as Santander...
Briefly... CITY/REGION
Sovereign Bancorp readies sale of stake to Spanish bank Philadelphia-based Sovereign Bancorp Inc. said yesterday it expects to complete its sale of a stake in the company to Spain's Banco Santander Central Hispano SA and close its acquisition of Independence Community Bank Corp. by June 1. Sovereign announced...
Relational Asks Sovereign to Explain Discrepancies between Previous Statements and Disclosures in Independence Proxy
SAN DIEGO -- Relational Investors LLC today called upon Sovereign Bancorp, Inc. (NYSE: SOV) to provide an immediate explanation to its stockholders of significant discrepancies between its previous statements and the disclosures made by Independence Community Bank Corp. (NYSE: ICBC) in its proxy statement filed on November 29, 2005. ...
Franklin Mutual Advisers Sends Letter to New York Stock Exchange Objecting to Sovereign Bancorp Transactions with Grupo Santander and Independence Community Bank Corp. and Calls for a New Independent Board
SHORT HILLS, N.J. -- Franklin Mutual Advisers, LLC, ("Franklin Mutual") the advisor to the Mutual Series funds, delivered a letter early Tuesday to the New York Stock Exchange ("NYSE") regarding Sovereign Bancorp Inc.'s (NYSE:SOV) ("Sovereign") recently announced transaction agreements with Grupo Santander ("Santander") and Independence Community Bank Corp. (Nasdaq:ICBC) ("Independence")....
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Frank W. Baier | CFO, Executive Vice President & Treasurer |
| Stephen J. Glass | CIO & Senior Vice President |
| Brendan Dugan | Executive Vice President, Business Banking |
| Gary Honstedt | Executive Vice President, Commercial Real Estate Lending |
| Harold McCleery | Executive Vice President |
| Terence Mitchell | Executive Vice President, Consumer Banking |
| Ellen Marshall | Senior Vice President, New Jersey |
| Janice Schilling | Senior Vice President, Marketing |
| John Schnock | General Counsel, Senior Vice President & Secretary |
| Nicholas Tsoumpariotis | Senior Vice President |
| Santiago Patino | Senior Vice President, Corp Operations |
| Tom Iadanza | Senior Vice President, New York Business Banking |
| William Mooney | Senior Vice President |
| Frank Eisenhardt | Vice President, Purchasing |
| Donald Challis | Senior Vice President & Director, Marketing |
| Ellen K. Rogoff | Senior Vice President & Director, HR |
| Alan J. Cohen | Manager, Compliance |
| Frank Muzio | Senior Vice President & Controller |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Charles J. Hamm | Chairman |
| Allan Weissglass | Board of Directors |
| Chaim Y. Edelstein | Board of Directors |
| David L. Hinds | Board of Directors |
| Dennis P. Kelleher | Board of Directors |
| Donald M. Karp | Vice Chairman |
| Harry P. Doherty | Vice Chairman |
| John R. Morris | Board of Directors |
| Maria Fiorini Ramirez | Board of Directors |
| Robert B. Catell | Board of Directors |
| Rohit M. Desai | Board of Directors |
| Scott M. Hand | Board of Directors |
| Victor M. Richel | Vice Chairman |
| Willard N. Archie | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | CFO, Executive Vice President & Treasurer | Current |
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | CIO & Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Executive Vice President, Business Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Executive Vice President, Commercial Real Estate Lending | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Executive Vice President, Consumer Banking | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President, New Jersey | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | General Counsel, Senior Vice President & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President, Corp Operations | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President, New York Business Banking | Current |
William M. Mooney, Jr. has been a member of our board of directors since April 2003. Mr. Mooney is currently President of The Westchester County Association and also serves as a Senior Vice President at Independence Community Bank. Mr. Mooney has been involved in the banking sector in an executive capacity for more than 30 years. Prior to joining Independence Community Bank, he served for four years as an Executive Vice President and member of the management committee of Union State Bank, responsible for retail banking, branch banking and all marketing activity. Mr. Mooney also spent 23 years at Chemical Bank and, following its merger with Chase Manhattan Bank, he was a Senior Vice President with responsibilities including oversight of all retail business. Mr. Mooney was the President of the Westchester Partnership for Economic Development. He also held the position of Chairman for the Westchester County Association, past Chairman of the United Way Westchester and Chairman of St. Thomas Aquinas College. He has served on the board of trustees for New York Medical College, St. Agnes Hospital, the Board of Dominican Sisters and the Hispanic Chamber of Commerce. Mr. Mooney received a B.A. degree in business administration from Manhattan College. He also attended the Harvard Management Program and the Darden Graduate School at the University of Virginia.
| Organization | Position | Status |
|---|---|---|
| The Westchester County Association Inc. | President | Current |
| Independence Community Bank Corp. | Senior Vice President | Current |
| Aquinas College | Chairman of Board | Current |
| The Westchester County Association Inc. | Board of Directors | Current |
| Debtresolve, Inc. | Director | Current |
| Debtresolve, Inc. | Member | Current |
| Economic Development | President | Former |
| Union State Bank | Executive Vice President and Member | Former |
| Chemical Banking Corporation | Former | |
| Dominican Sisters | Board of Directors | Former |
| Hispanic Chamber of Commerce | Board of Directors | Former |
| Union State Bank | Board of Directors | Former |
| Manhattan College | B.A. Degree In Business Administration | Former |
| University of Virginia | Former | |
| Harvard Corporation | Former | |
| Union State Bank | Member | Former |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Vice President, Purchasing | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President & Director, Marketing | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President & Director, HR | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Manager, Compliance | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Senior Vice President & Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Chairman | Current |
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Vice Chairman | Current |
| Independence Community Bank Corp. | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Vice Chairman | Current |
| Independence Community Bank Corp. | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Brooklyn Union | Chief Executive Officer | Current |
| Long Island Lighting Company | Chief Executive Officer | Current |
| KeySpan Corporation | Chairman | Current |
| Brooklyn Union | Chairman | Current |
| Northeast Gas Markets LLC | Chairman | Current |
| Tomorrow's Hope Foundation | Chairman (US) National Grid | Current |
| Long Island Lighting Company | Chairman | Current |
| National Petroleum Council | Board of Directors | Current |
| Tomorrow's Hope Foundation | Board of Directors | Current |
| Edison Electric Institute | Board member | Current |
| New York State Energy Research & Development Authority | Member of the Board | Current |
| The Business Council | Director | Current |
| Development Authority | Board of Directors | Current |
| National Grid USA Service Company, Inc. | Board of Directors | Current |
| The Houston Exploration Company | Board of Directors | Current |
| Independence Community Bank Corp. | Board of Directors | Current |
| National Petroleum Council | Member | Current |
| KeySpan Energy Delivery | Chief Executive Officer | Former |
| KeySpan Corporation | Chief Executive Officer | Former |
| Brooklyn Union | President | Former |
| Brooklyn Union | Chief Executive Office | Former |
| Long Island Association, Inc | Chairman | Former |
| The Houston Exploration Company | Chairman | Former |
| Long Island Association, Inc | Vice Chairman | Current |
| City College of New York | bachelor's and master's degrees in mechanical engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Juno Special Situations Corporation | Co-Chairman | Current |
| Fronteer Development Group, Inc. | Board of Directors | Current |
| Manulife Financial Corporation | Board of Directors | Current |
| Independence Community Bank Corp. | Board of Directors | Current |
| Inco Limited | CEO | Former |
| Inco Limited | Chairman | Former |
| P.T. International Nickel Indonesia Tbk | Board of Directors | Former |
| Memorial University of Newfoundland | Honorary Degree of Doctor of Laws | Former |
| Hamilton College | BA | Former |
| Independence Community Bank Corp. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Vice Chairman | Current |
| Independence Community Bank Corp. | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Independence Community Bank Corp. | Board of Directors | Current |
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