New York Community Bancorp acquired certain Signature Bridge Bank Assets and Liabilities

(24/7 MARKET NEWS) – New York Community Bancorp, Inc. (NYSE: NYCB) announced, this morning, that Flagstar Bank, its subsidiary, acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the Federal Deposit Insurance Corporation (the “FDIC”).  All regulatory approvals, including approval from the OCC, have been obtained, and the transaction has closed.

ew York Community Bancorp is trading at $7.40, up $0.86 (+13.14%), on 240 thousand premarket shares.

Its 52-week trading range is $5.81 to 11.28. It’s trading above several recent key resistance levels and is set up for a potential run to the mid $8 level or higher.

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