Reported about 1 year ago
New York Community Bancorp has announced the acquisition of the assets of Signature Bank, which has a total fair value of $37.8 billion. The acquisition includes $24.9 billion in cash and cash equivalents as well as $11.7 billion in loans and leases. NYCB also took on liabilities with an estimated fair value of $35.7 billion, mainly consisting of $33.5 billion in customer deposits. This acquisition follows Flagstar Bank, a NYCB subsidiary, assuming most of Signature Bank's deposits and some loan portfolios in March 2023.
Source: YAHOO