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Signature Bank taken over by Michigan-based Flagstar Bank after failure

Por: Newsweek Business March 20, 2023

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Michigan-based Flagstar Bank, a subsidiary of New York Community Bancorp, has agreed to purchase substantially all deposits and certain loan portfolios of Signature Bridge Bank, after the New York-based bank failed nearly a week ago and was taken over by the Federal Deposit Insurance Corporation (FDIC).Signature Bank was taken over by the FDIC along with Silicon Valley Bank of California after both financial institutions failed, which led to... + full article



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