New York Community Bank agrees to buy failed Signature Bank in $2.7B deal
New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday
By News on the Net -- New York Post—— Bio and Archives--March 20, 2023
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New York Community Bank will buy a major portion of Signature Bank, a large lender for tristate businesses, in a $2.7 billion deal after the latter failed a week ago.
The Federal Deposit Insurance Corp. on Sunday announced the deal in which New York Community Bank agreed to purchase $38.4 billion Signature Bank’s assets — about a third of its total $110 billion in assets when it failed last week. ---More...
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