Acquiring Company
New York Community Bancorp
Acquired Company
Flagstar Financial
HicksvilleFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceBankingDescription
New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company" or "NYCB") announced that its acquisition of Flagstar Bancorp, Inc. ("Flagstar" or "FBC") was completed earlier today, creating a regional banking franchise ranking among the top 25 banks in the country based on total assets. In accordance with the Agreement and Plan of Merger dated April 24, 2021, as amended on April 26, 2022 and October 27, 2022 by and among the Company, Flagstar, and 615 Corp. (the "Merger Agreement"), Flagstar merged with and into the Company and Flagstar Bank, FSB now operates as Flagstar Bank, N.A., with New York Community Bank having merged into Flagstar Bank, N.A.
Quick answer
New York Community Bancorp is acquiring Flagstar Financial, announced December 1, 2022.
- How much did New York Community Bancorp pay for Flagstar Financial?
- The deal value was not disclosed.
- What does New York Community Bancorp do?
- New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country.
- Where are New York Community Bancorp and Flagstar Financial based?
- Flagstar Financial is based in Hicksville, New York, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Flagstar Financial?
Flagstar Financial was acquired by New York Community Bancorp. The deal was reported on December 1, 2022. New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. New York Community Bancorp is privately held and operates in Financial Services.
When did New York Community Bancorp acquire Flagstar Financial?
New York Community Bancorp's acquisition of Flagstar Financial was reported on December 1, 2022. New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company" or "NYCB") announced that its acquisition of Flagstar Bancorp, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Flagstar Financial do?
Flagstar Financial Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. It is privately held, operating in Financial Services, and is based in Hicksville.
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