Description
On March 20, 2023, Flagstar Bank, N.A. (“Flagstar”), a wholly owned subsidiary of New York Community Bancorp Inc. (“NYCB”) based in Hicksville, New York, successfully acquired $12.9 billion in loans from Signature Bank and took on $38.4 billion in deposits. Additionally, Flagstar has integrated all 40 branches of Signature Bank, which now operate under the Flagstar brand. This strategic move represents a significant benefit for our clients and their businesses, showcasing a collaboration between two client-focused institutions. The transaction enhances diversification and fortifies the banking system, while also propelling the growth of NYCB and Flagstar
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New York
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