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.

money 1428594 640 small 100x100The 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.

Read the full article from Detroit Free Press.

Read 3279 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.