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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]
This page was last edited on 8 February 2024, at 06:03 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
Customers of New York Community Bank pulled $6 billion worth of deposits between February 5 and March 5, leaving the bank’s deposit base 7% lower, at $77 billion.
Shares of New York Community Bancorp (NYSE: NYCB) have lost roughly two-thirds of their value over the past year. Meanwhile, the average bank stock, using the SPDR S&P Bank ETF as an industry ...
JPMorgan Chase ended up buying First Republic while First Citizens Bank scooped up SVB.) With the acquisitions, NYCB got “too big too fast,” one banking executive told Fortune. Banks that ...
On April 26, 2021, New York Community Bancorp, Inc. (NYCB) announced the acquisition of Flagstar in an all stock strategic merger. [31] The acquisition was completed on December 1, 2022. [32] In March 2023, New York Community Bancorp's Flagstar Bank took on nearly all of Signature Bank's deposits. Signature Bank was closed by regulators on ...