The former Investors Savings Bank in Short Hills, N.J., has shortened its name to Investors Bank to better reflect its increasing commercial focus.
The $10.2 billion-asset thrift unit of Investors Bancorp is rolling out new signs for its 81 branches. While the thrift is dropping "savings" from its name, it seems poised to keep its thrift charter from the New Jersey Department of Banking and Insurance.
Investors Bancorp is a mutual holding company that analysts say will likely pursue a second-step conversion sometime in the next year. Last month, the company said it would buy Brooklyn Federal Bancorp Inc. in New York for $10.3 million in cash and common stock.
