John Catsimatidis, known in New York as the owner of several prominent grocery chains, wants to add a bank to his rapidly growing business empire.

Mr. Catsimatidis, 43, has a reputation as an aggressive and shrewd dealmaker. He has signed a letter of intent to acquire control of First New York Bank for Business for $9.8 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.