Independence Community Bank Corp. in Brooklyn, N.Y., said it will name Donald M. Karp vice chairman after it closes its purchase of Newark, N.J.- based Broad National Bancorp.
Mr. Karp is chairman of Broad National Bank and of its parent company.
John A. Dorman, Broad National's president and chief operating officer, is to be president of Independence Community's interim New Jersey division and commercial lending division.
Broad National's shareholders approved the $138 million deal on June 24. It was announced Feb. 1 and is scheduled to close in the third quarter.
Independence Community, with $5.5 billion of assets, would have $6.8 billion after it completes its deals for Broad National and Statewide Financial Corp. of Jersey City. The latter deal is expected to close in the first quarter.