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Brooklyn Federal Bancorp

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Brooklyn Federal Bancorp Snapshot

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Richard A. Kielty

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Description Brooklyn Federal Bancorp won't sell you a bridge, but it might loan you money to build one yourself. It's the holding company for Brooklyn Federal Savings Bank, which has been operating since 1887. As one might expect, the thrift operates in the New York City area, with five branches in Brooklyn and on Long Island. It provides traditional deposit services to area consumers and businesses and focuses on real estate lending: Commercial mortgages make up more than 40% of the company's loan portfolio. Mutual holding company BFS Bancorp owns about 70% of Brooklyn Federal Bancorp, which is being bought by New Jersey-based Investors Bancorp.

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