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New York Community Bancorp. in December 2022 acquired Flagstar Bank, which had the seventh largest bank market share in Michigan last year based on federally insured deposits.. Following a $260 ...
Flagstar Bank is an American commercial bank headquartered in Troy, Michigan. A wholly owned subsidiary of Flagstar Financial , Flagstar is one of the largest residential mortgage servicers in the United States, and ranked among the largest banks in the United States prior to its acquisition in 2022.
The all-stock deal by New York Community Bancorp Inc. was first announced in April 2021 and originally supposed to close late last year.
Flagstar Financial, Inc. (FLG), is a bank holding company for Flagstar Bank headquartered in Hicksville, New York. In 2023, the bank operated 395 branches in New York, Michigan, New Jersey, Ohio, Florida, Arizona and Wisconsin. [ 3 ]
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Earlier this month, the holding company merged its banking subsidiaries with Flagstar and, as a group, they are operating as Flagstar Bank N.A. Complicating matters, the holding company retained its old name, New York Community Bancorp, Inc. Zacks Equity Research, New York Community (NYCB) Closes Flagstar Bancorp Buyout, Dec 2 2022, Further ...
Citicorp Trust Bank, FSB – Wilmington, DE; Citizens Bank of Pennsylvania – Philadelphia, PA; Countrywide Bank, FSB - Alexandria, VA (Note 2 - now a part of Bank of America) Downey Savings, F.A. – Newport Beach, CA (now a part of US Bank) E-Trade Bank – Arlington, VA; Flagstar Bank, FSB – Troy, MI; Guaranty Bank – Austin, TX
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)