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New York Community Bank to buy failed Signature Bank

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New York Community Bank to buy failed Signature Bank


New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank SBNY-Q in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday. The 40 branches of Signature Bank will become Flagstar Bank, starting Monday. Flagstar is one of New York Community Bank’s…

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