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Bank Grows By TwoBanco de Ponce Chairman Alberto M.Paracchini has announced that the bank hasagreed to acquire two Brooklyn branches ofEast New York Savings Bank, subject to theapproval of the appropriate bankingauthorities. Applications for approval havebeen made and are presently pending.%u201cThese acquisitions will take us beyondthe Hispanic market thereby signaling ourexpansion into new areas%u2019%u2019 says Paracchini.Banco de Ponce currently has 12 full servicebranches in New York City. By the end of1906, it expects to operate at least 14 branches, with assets in excess of $500 million.The East New York branches the bank expects to acquire are at Utica Avenue and onKings Highway at Rockaway Parkway.Banco de Ponce is currently celebratingthe 40th anniversary of its New York operations. The bank first established an agencyoffice at 67 Broad Street in Manhattan%u2019sfinancial area in 1946 to serve the needs ofrecently arrived immigrants from PuertoRico. After a change in the New York Statebanking laws, the bank was able to open afull service branch in 1961 and became thefirst %u201cforeign%u201d bank to do so. Today, it hasbecome by far the largest Hispanic bank inNew York with some 52 per cent share ofthe market.Converts BakeryVestpro Corporation has purchased theformer headquarters of Ebinger%u2019s bakerychain in Flatbush and will convert the sixbuilding complex into a self-storageminiwarehouse and office facility.The property, at 2290 Bedford Avenue,was acquired from New York businessmanJack Firestone for $1.5 million. KalmonDolgin Affiliates, Inc. brokered the sale.According to Vestpro president BarryRoss Weiner, an additional $2 million will bespent on renovation and a 100,000-squarefoot facility will open in the fall as one ofVestpro%u2019s Spectrum self-storage centers.About 10,000 square feet are being setBrooklyn,--------------------------- incaside as low-cost office space for use byneighborhood business people on a monthlyno-lease basis. Telephone answering, conference room facilities and other serviceswill be available as options.%u201cI%u2019m very happy that Vestpro will bebringing this 1896 community landmarkback to productive use after the colorfulrole it played for so many decades,%u201d saysWeiner.Vestpro%u2019s spectrum mini-warehouse division also operates a self-storage facility at160 John Street, near the Brooklyn side ofthe Manhattan Bridge.Irish Salmon on SaleSmoked Irish salmon is now on sale inBrooklyn, thanks to a bi-continental partnership of Ann English, a Brooklynbusinesswoman and Steve Houlihan, anative of Dublin, Ireland. %u201cFionn McCool%u201ddraws its catch from the Atlantic Ocean offthe west coast of Ireland, and begins a unique age-old process of smoking before thefinished product is shipped to Brooklyn.The fish are gutted, ftieted and left to restin a bath of Atlantic Ocean water for 35minutes at the smokehouse in Burtonport,County Donegal. Following that, they arehung out to dry so the flavor of sea salt canpermeate the flesh. After six hours of drying, Uncle James %u2014 a sixth generationsmokehouse operator %u2014 hangs the fish bythe tails on wooden rails. A thin layer ofoak shavings are sprinkled on the floor, lit,and then quickly covered with an eight-inchlayer of oak sawdust. When it starts tosmoulder, the doors are closed for 12 hoursuntil the fish are ready for consumption.English and Houlihan suggest slicing thesalmon paper thin and serving it on buttered Irish brown bread, with a wedge oflemon on the side. Orders of the salmon aredeliverd with recipes for dishes incorporating the smoked salmon.Price for Fionn McCool is $15 per pound,picked up; $18.50 per pound express mail.Bulk prices are available for retailers. Forinformation, call 499-4745,, or visit 220 25tnSt., between 7am and 4pm.TAKE COMMANDTO DOWNTOWN BROOKLYNCommand Bus Companyis pleased to introduce itsNEW EXPRESS BUS SERVICEto Downtown BrooklynEXPRESS BUSES w ill service th eC anarsie, Flatlands & Flatbush N eig h b o rh o o d sDOW NTOW N BROOKLYN WILL NOW BE ASHORT BUS RIDE AWAY.For A d d itio n a l Inform ation Please Cali(718)272-0900C O M M A N D BUS C O M P A N Y626 W O R T M A N AVE. BRO OKLYN NY 11208These FineDowntownImprovementsHave Been BroughtTo Ybu By TheFulton Street MallIt's amazing how many development projects are com ing to DowntownBrooklyn now that the Fulton Street Mall has been completed.Suddenly, a new hotel Is a reality. A major office building is under constructionwhich will house the back office operations of Morgan Stanley. At the AtlanticTerminal, 1.3 million square feet of office and retail space will be erected, alongwith 700 units of housing. Also, plans for MetroTech are moving forward.In all, new projects, valued at over one billion dollars, are being slated for thedowntown area.Is all of this happening because of the Fulton Street Mall?We'd like to think so . . .Improvement AssociationStreetIY 11201June 26, 1986, The Phoenlx/Brooklyn.lnc Section Two, Page 19