The group's principal activity is to provide general banking services in the New York city. The group accepts retail deposits from the general public and invests the same in origination and purchases of residential mortgage loans, property loans, commercial real estate loans, government securities and other marketable securities. The group also originates co-operative apartment loans, small business administration loans and construction and consumer loans. Investments include the United States government and federal agency securities, corporate fixed income securities and other marketable securities. The group operates through 10 offices in the New York city.
