NYCB Discloses Signature Bank's Total Fair Value Was $37.8 Billion
NYCBNew York munity Bancorp(NYCB) PYMNTS.com·2024-06-15 04:52

New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank’s receiver, the Federal Deposit Insurance Corp. (FDIC). NYCB’s wholly-owned subsidiary, Flagstar Bank, acquired assets with an estimated total fair value of 37.8billionasofthetransactiondate,thebanksaidinaThursday(June13)filingwiththeSecuritiesandExchangeCommission.Thefigureincludes37.8 billion as of the transaction date, the bank said in a Thursday (June 13) filing with the Securities and Exchange Commission. The figure includes 24.9 billion in c ...