July 18, 2024

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NY Community Bancorp unit agrees to buy Signature Bank deposits

NY Community Bancorp unit agrees to buy Signature Bank deposits

NY Community Bancorp unit agrees to buy Signature Bank deposits

Spencer Platt/Getty Images News

New York Community Bancorp.’s Flagstar Bank agreed to buy now shuttered Signature Bank’s (NASDAQ:SBNY) deposits and some of its loans.

The 40 former branches of Signature Bank will operate under New York Community Bancorp’s Flagstar