New York Community Bank to Acquire About $38 Billion of Signature Bank's Assets, Including $36 Billion in Debt

The New York community bank will acquire about $38 billion in assets from Signature Bank, including $36 billion in debt, and work to service subprime loans to Signature Bank customers, Golden Ten reported. Foresight News previously reported that Flagstar Bank, a wholly owned subsidiary of New York Community Bank, will purchase and assume all deposits and certain loan portfolios held by the former Signature Bank (Signautre Bridge Bank).