A unit of New York-based New York Community Bancorp has agreed to purchase and assume all deposits and certain loan portfolios of Signature Bridge Bank, which was created last week by the Federal Deposit Insurance Corporation (FDIC) to replace failed Signature Bank, the agency said on Sunday. Starting on Monday, the 40 former branches of Signature Bank will operate under Flagstar Bank, a subsidiary of New York Community Bancorp, according to the statement. (forkast)
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New York Community Bancorp Unit to Assume Signature Bank Deposits, FDIC says
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