New York Community Bancorp, Inc. and its bank subsidiary Flagstar Bank, N.A., recently acquired certain deposits and liabilities of Signature Bank. This page is no longer operational. Please follow Flagstar Bank on Facebook, Twitter and LinkedIn to stay up to date on the latest news and info. We’re excited to welcome you to the Flagstar family.
About us
On March 20, 2023, Flagstar Bank, N.A (“Flagstar”), the wholly owned subsidiary of New York Community Bancorp Inc. (“NYCB”), Hicksville, New York, acquired $12.9 billion of Signature Bank’s loans and assumed $38.4 billion in deposits. Flagstar also acquired all 40 of Signature’s branches, which are now operated under the Flagstar name. This announcement is a significant advantage to our clients and their business, as it highlights a partnership of like-minded, client-forward institutions. This transaction provides significant diversification and strength needed in today’s banking system while further advancing NYCB and Flagstar’s strategic plan to transition to a commercial bank model. It also unites the key assets of two banks with complementary strategies to create a commercial bank powerhouse. With this transaction, Flagstar will be one of the larger commercial banks in the country, with a fortress-like balance sheet, strong liquidity, and excellent asset quality metrics. The regulatory approval of the acquisition reflects the strength of the combined institution. Our clients will continue to be serviced by their Private Client Group in the same client-centric single-point-of-contact strategy. The company is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan and a presence in several major cities across the country. Our goal is to deliver a new energy in finance.
- Website
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http://www.signatureny.com
External link for Signature Bank
- Industry
- Banking
- Company size
- 5,001-10,000 employees
- Headquarters
- New York
- Type
- Public Company
- Specialties
- Commercial Banking and Banking
Locations
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Primary
565 Fifth Avenue
New York, 10017, US