N.J.-based bank sweetens Brooklyn Federal offer

Short Hills, N.J.-based Investors Bancorp has obtained key approvals to acquire more-than-a-century-old Brooklyn Federal Bancorp, a five-branch institution including three on Long Island, and sweetened its offer to public shareholders. Investors, the third largest bank based in New Jersey, drew closer to closing the deal when it improved its offer by seven cents a share to 87 ...