Long Island's Jamaica Savings Bank is for sale, according to a local newspaper report.
Analysts, shareholders, and bankers told Long Island's Newsday last week that as many as five New York-area banks and thrifts have bid in recent weeks for Jamaica Savings' parent, the $1.6 billion-asset JSB Financial Inc.
Among the rumored bidders: North Forth Bancorp in Melville, N.Y.; Astoria Corp. in Lake Success, N.Y.; Queens County Bancorp in Flushing and two Manhattan banks, Dime Bancorp and GreenPoint Financial Corp.
Observers hesitated to put a price tag on JSB, which operates 13 branches in New York and on Long Island.
JSB's shares were trading at $55.50 Friday.