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NYCB has been in crisis mode since the regional lender reported a surprise loss of $252 million last quarter, compared to a $172 million profit in the fourth quarter of 2022. That caused the stock ...
NYCB stock notched a 52-week low of $3.32 per share on Friday. “We expect more questions on whether NYCB will sell,” Citigroup analyst Keith Horowitz said in a note. “But we do not see a lot ...
Beleaguered regional lender New York Community Bank is receiving a more than $1 billion equity investment. The majority of the investment, $450 million, is coming from former Treasury Secretary ...
On March 19, the New York Community Bank (NYCB) agreed to purchase around $38.4 billion in Signature's assets for $2.7 billion. Due to the deal, 40 Signature branches were rebranded to Flagstar Bank, one of NYCB's subsidiaries. [70]
NYCB’s shares on Wednesday closed at $4.48, up 28 cents or nearly 7%. This reversed a seven-day slide that saw NYCB’s stock plunge by nearly 60% to close at $4.20 Tuesday.
New York Community Bancorp's troubles can be traced back to how it responded to a crisis that roiled the regional banking world in 2023 and took down three sizable regional banks: ...
NYCB was founded on April 14, 1859, in Flushing, Queens, as Queens County Savings Bank, [3] and changed its name on December 15, 2000, to New York Community Bank to better reflect its market area beyond Queens. In 1993, the company became a public company via an initial public offering. [3]
The bank has grown through deals: NYCB acquired Flagstar in December 2022, making it one of the top 25 regional banks, with $88.4 billion of assets, and last year scooped up some assets and ...