New York Community Bancorp in pursuit of Signature Bank acquisition.

1 min read
Source: Seeking Alpha
New York Community Bancorp in pursuit of Signature Bank acquisition.
Photo: Seeking Alpha
TL;DR

New York Community Bancorp is reportedly pursuing an acquisition of Signature Bank, which was taken over by New York state's Department of Financial Services last Sunday. The Federal Deposit Insurance Corp. may announce a deal for Signature Bank as soon as this week, but talks could fail to materialize a deal. The FDIC is open to discussing loss-sharing deals with failed lenders, including Silicon Valley Bank and Signature Bank.

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