Business Services Industry
Dime Bancorp Receives OTS Approval in Connection with Acquisition of North American Mortgage
Business Wire, Oct 10, 1997
NEW YORK--(BUSINESS WIRE)--Oct. 10, 1997--Dime Bancorp, Inc.(NYSE: DME) today announced that it had obtained all approvals required to be received from the Office of Thrift Supervision in connection with its planned acquisition of North American Mortgage Company (NYSE: NAC).
A meeting of North American's shareholders to vote on the planned acquisition will be held as scheduled on Monday, October 13, 1997 in New York, New York. If the North American shareholders approve the acquisition at that meeting, Dime and North American expect to close on or about October 15, 1997.
The Dime is a regional bank serving consumers and businesses through 90 branches located throughout the greater New York metropolitan area. Dime also provides mortgage banking and consumer financial services in selected markets throughout the United States.
CONTACT: Dime
Franklin L.Wright
212-326-6170
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