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New York Community Bank agrees to purchase failed Signature Bank

Mon Mar 20 , 2023
New York Community Bank (NYCB) has agreed to purchase a significant portion of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corporation (FDIC) announced late Sunday. The FDIC said the deal will include NYCB purchasing $38.4 billion in the New York-based Signature Bank’s assets, which […]

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