Long Island-based

North Fork Bank

(NFB)

Tuesday agreed to buy

Commercial Bank of New York

(CBNY)

in a deal worth around $170 million.

North Fork has agreed to pay $32 a share for Commercial Bank, a hefty premium to its closing price yesterday of $21.25 and an indication of North Fork's determination to push into New York City and its boroughs. North Fork failed last year in its

hostile attempt for

Dime Bancorp

(DME)

.

The deal comes just a day after

Citigroup

(C) - Get Report

snapped up Long Island's

EAB

, a unit of Netherlands-based

ABN Amro

(ABN)

, for $1.6 billion. That deal would likely leave North Fork swimming upstream in its efforts to penetrate the greater New York area. North Fork was reportedly a bidder for EAB along with

FleetBoston Financial

(FBF)

. Netiher bank was immediately available for comment.