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Long Island-based

North Fork Bank


Tuesday agreed to buy

Commercial Bank of New York


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



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The deal comes just a day after



snapped up Long Island's


, a unit of Netherlands-based

ABN Amro


, 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


. Netiher bank was immediately available for comment.