New York Community Bancorp’s previously announced $2.6 billion acquisition of Flagstar Bancorp has been approved by shareholders of both banks. The all-stock deal, which was announced in April 2021, is anticipated to be finalized during the fourth quarter. It remains to be subject to the meeting of some closing conditions and regulatory approvals. Sandro DiNello […]
New York Community Bancorp (NYCB) has signed an all-stock deal to acquire Michigan-based Flagstar Bancorp (FBC) for about $2.6 billion. Flagstar Bancorp is a $29.4 billion savings and loan holding firm that owns Flagstar Bank. The bank offers commercial, small business, and consumer banking services via 158 branches across Michigan, California, Indiana, Wisconsin, and Ohio. […]