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New York Community Bank agrees to buy a large portion of Signature Bank

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March 20, 2023 National, News from NPR

A branch of Signature Bank is photographed, late Sunday, March 12, 2023, in New York. 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, March 19, 2023.

The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank’s subsidiaries.

(Image credit: Bobby Caina Calvan/AP)

Read More at NPR

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