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
The deal comes just a day after
snapped up Long Island's
, a unit of Netherlands-based
, 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
. Netiher bank was immediately available for comment.