The New York State Department of Financial Services has approved three banks to convert to state charters.
Gouverneur Savings and Loan Association, Mahopac National Bank, and Metropolitan National Bank will give up their federal charters on Dec. 31, the agency said in a Friday press release. Mahopac National Bank will change its name to Mahopac Bank and Metropolitan National Bank will become Metropolitan Commercial Bank.
Eleven banks have now moved to New York charters since the DFS was founded in 2011, the release said.
"We are seeing an increasing number of banks covert to New York charters, which is a trend we expect to continue," Superintendent of Financial Services Benjamin Lawsky said in the release. "As a state banking regulator, we are accessible, responsive, and familiar with the needs and local markets of New York's community banks."
Gouverneur Savings and Loan Association is a $144 million-asset bank. Mahopac National has roughly $980 million of assets. New York's Metropolitan National has $625 million of assets.