New York Community Bancorp Inc at Raymond James Institutional Investors Conference Transcript
So your next presentation is with New York Community Bancorp, CEO, Joe Ficalora is here to tell you about them just briefly. They're a $54 billion asset bank, they're headquartered in the New York City market and they specialize in multifamily lending in that market. Joe?
Thank you. Good morning. Glad to be with you today. All right. So who are we? We are a leading producer of multi-family loans in the New York City marketplace. Our niche within this market focuses on non-luxury apartment buildings that are rent-regulated featuring below-market rents. This has been our niche probably for 45, 50 years. Our expertise is this particular lending niche, and it arises from a consistent presence in this market for 50 years. We have a long-standing relationship with our borrowers. Many of them have become very wealthy while doing business with us over the course of decades. The
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