Capital One to Buy North Fork

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In its second major banking deal in a year, credit-card issuer Capital One Financial Corp. said Monday it has agreed to buy North Fork Bancorp. Inc. in a stock and cash deal worth about $14.6 billion.


The combined company will have deposits of more than $84 billion, putting it among the nation’s top 10 banks by deposits. The offer values North Fork at $31.18 per share, a nearly 23 percent premium to its closing price Friday.


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