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AmTrust Financial Services was founded by brothers George Karfunkel and Michael Karfunkel in 1998. [7] [8]In 2005, Ronald E. (Ron) Pipoly was appointed as CFO. [9] [10]AmTrust began trading on the NASDAQ Global Select Market on November 13, 2006.
In 2007, the bank changed its name to Amtrust Bank. [3] In January 2009, the bank sold its 5 branches in Columbus, Ohio, to WesBanco. [4] On December 4, 2009, as a result of bank failure, the bank was shut down by the Office of Thrift Supervision. It was placed into receivership and the Federal Deposit Insurance Corporation was named receiver.
On March 11, 2024 NYCB announced the plans to submit one-for-three reverse stock split of its common stock to shareholders. [34] On October 15, 2024, New York Community Bancorp officially rebranded to Flagstar Financial, and changed its stock ticker from NYCB to FLG. [35] [36]
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