The all-stock deal is set to close by the end of 2021, following sign-offs from shareholders and regulators.
The Flagstar Bank brand name would continue to exist, while the bank’s main offices would be on Long Island in New York.
-
MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 21 seconds
Flagstar Bought By New York Community in $2.6B Deal
New York Community Bancorp is purchasing Troy, Mich.-based Flagstar Bank in a tentative $2.6 billion agreement. So reports the Detroit Free Press.
MOST READ STORIES
Fast,Easy & Free
