Flagstar Bank, a bank subsidiary of New York Community Bancorp, acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the FDIC. All regulatory approvals, including approval from the OCC, have been obtained and the transaction has closed.
New York Community Bancorp (NYCB) acquired Flagstar Bancorp, creating a regional banking franchise ranking among the top 25 banks in the country based on total assets.
New York Community Bancorp and Flagstar Bancorp announced that NYCB has received regulatory approval from the Federal Reserve Board to complete its previously announced acquisition of Flagstar.
Thomas R. Cangemi was appointed to the role of president and CEO of both New York Community Bancorp and New York Community Bank, effective Dec. 31. He will succeed Joseph R. Ficalora, who will retire after 55 years of service.