New York Community Bancorp, Inc. to Issue First Quarter 2013 Earnings Release on Wednesday, April 24
New York Community Bancorp, Inc. (NYCB) announced it will release its first-quarter 2013 earnings on Wednesday, April 24, 2013, at approximately 8:00 a.m. ET. Following the release, President and CEO Joseph R. Ficalora will host a conference call at 9:30 a.m. ET to discuss the results and business strategies. The earnings release and conference call details are provided for investors and the public.
New York Community Bancorp, Inc. President and Chief Executive Officer Joseph R. Ficalora to Speak a
New York Community Bancorp, Inc. announced that its President and CEO, Joseph R. Ficalora, will speak at two investor conferences: the KBW Bank Conference on February 28th in Boston and the Raymond James Institutional Investors Conference on March 4th in Orlando. He will discuss the company's Q4 2012 performance and business model. Both presentations will be webcast live and archived on the company's Investor Relations website.
Flagstar ex-CEO DiNello to step down from board
Former Flagstar CEO Alessandro DiNello will retire from the bank's board in June, stating he prefers to leave on his own terms after 47 years. His departure follows a tumultuous period at New York Community Bank (NYCB), where he briefly served as CEO during its rescue by Liberty Strategic Capital. Concurrently, Flagstar has appointed Eli Miller, a senior managing director at Liberty Strategic Capital, to its board of directors.
Lenders' Rent-Stabilized Disappearing Act, By The Numbers
New York Community Bancorp (now Flagstar Bank) significantly reduced its lending to rent-stabilized properties in NYC, decreasing from nearly $3.9B annually to just $58M last year. This retreat, along with the collapse of Signature Bank, has created a major void in the lending market, causing overall lending to such properties to fall by 74% since 2019 and leading to increased distress and delinquencies for multifamily owners. Despite a few banks like Webster and Wells Fargo slightly increasing activity, the market faces significant challenges due to valuation changes and legislative impacts.
NYCB SEC Filings - New York Comnity 10-K, 10-Q, 8-K Forms
This page provides access to SEC filings for New York Community Bancorp (NYCB), now operating as Flagstar Financial, Inc., including 10-K, 10-Q, and 8-K reports. Investors can find detailed regulatory documents covering material events, corporate structure changes, and financial performance. The platform also offers AI-powered tools to summarize and interpret these complex filings for easier understanding.
NYCB - New York Comnity Latest Stock News & Market Updates
This page provides the latest news and analysis for New York Community Bancorp (NYCB), now operating as Flagstar Financial, Inc. It covers earnings reports, strategic transformations, corporate structure changes, and ESG initiatives. The content includes historical news releases detailing financial performance, dividend declarations, and corporate announcements from 2020.
New York Community Bancorp, Inc. : To Report Second Quarter 2018 Earnings And Host Conference Call On July 25th
New York Community Bancorp, Inc. (NYSE: NYCB) announced it will release its second quarter 2018 earnings on Wednesday, July 25, 2018, at approximately 7:00 a.m. Eastern Time. Following the release, the company will host a conference call and webcast at 8:30 a.m. ET to discuss its performance. The webcast will be archived until August 22, 2018.
Flagstar Sells $247M In Loans Tied To Steve Croman: The N.Y. Deal Sheet (November 4, 2025)
Flagstar Bank has sold $247M in loans linked to a 49-building Manhattan portfolio owned by notorious landlord Steve Croman to a shell company managed by Bellwether Asset Management. This sale is part of Flagstar's efforts to reduce its exposure to troubled New York City apartment building loans, particularly following its acquisition of New York Community Bank and its rebranding. The article also details other significant real estate deals in New York, including major financings for RXR and Brookfield, and notable property sales and leases.
Flagstar Bank National Association (NYSE:FLG.PRA) - Stock Analysis
This report provides a stock analysis for Flagstar Bank, National Association (NYSE:FLG.PRA), detailing its market capitalization, share price, and historical performance. It includes fundamental analysis indicators, future growth projections where earnings are forecast to grow by 82.05% per year, and recent news and updates regarding dividends and earnings reports. The analysis also covers company overview, financial health, and shareholder returns compared to the US Banks industry and the broader US Market.
New York Community Bancorp Inc. (NYSE:NYCB) - Share Price
New York Community Bancorp Inc. (NYSE:NYCB) stock is currently trading at $10.55, representing a decrease of 8.26% from its opening price and a 13.38% drop over the last seven days. Despite recent declines, the stock shows a significant gain of 226.63% over the last financial year. The article provides a detailed historical share price performance data for NYCB.
New York Community Bancorp Experiences Revision in Stock Evaluation Amid Market Dynamics - Markets Mojo
New York Community Bancorp's stock has undergone a revision in evaluation, with its price currently at $11.38. The company has shown significant volatility in its trading range over the past year, outperforming the S&P 500 year-to-date but struggling in shorter time frames. Technical indicators present a mixed picture, with some suggesting bullish sentiment while others indicate bearish trends.
$5M flagged transfer led to firing, LI bank exec says
A former executive of Long Island-based New York Community Bancorp Inc., Ross Marrazzo, has filed a federal lawsuit claiming he was wrongfully terminated for investigating suspicious financial activities involving bank director Alessandro “Sandro” DiNello. Marrazzo alleges that DiNello engaged in a $5 million transfer without proper documentation, interfered in a money laundering probe, and conducted an inappropriate business meeting. The lawsuit seeks reinstatement, back pay, and damages for Marrazzo, while DiNello and Flagstar Bank (NYCB's new name) have not yet responded to requests for comment.
Ex-Flagstar CEO accused of illegal conduct
Former Flagstar CEO Alessandro DiNello is facing a lawsuit from the bank's ex-enterprise chief compliance officer, Ross Marrazzo, alleging DiNello was aware of client money laundering and discussed sensitive information inappropriately. Marrazzo claims he was terminated to obstruct his investigation into these matters and other ethical concerns, including a controversial incident where DiNello allegedly had a "junior employee sitting on his lap" during a confidential video conference. The lawsuit seeks employment reinstatement and financial compensation for Marrazzo.
Flagstar Financial (NYSE:FLG) Misses Q2 Sales Targets
Flagstar Financial (NYSE:FLG) reported Q2 CY2025 results, missing Wall Street's revenue expectations with a 26.1% year-on-year sales decline to $496 million. Despite a non-GAAP loss of $0.14 per share, CEO Joseph M. Otting highlighted progress in transforming the bank, aiming for profitability by Q4 of this year. The company's tangible book value per share continued to decline, indicating ongoing challenges in its balance sheet strength.
Flagstar Bank's Massive Commercial Banking Push: 12 New Industry Teams Target Tech, Entertainment, Sports Sectors
Flagstar Bank announced a significant expansion of its Specialized Industries Group, launching 12 distinct industry verticals, including seven new sectors like Technology, Entertainment, and Sports. This strategic move aims to accelerate industry-focused, relationship-led commercial and industrial (C&I) loan growth, with each vertical led by seasoned experts. The expansion is a key part of Flagstar's transformation strategy, diversifying revenue streams and targeting higher-margin commercial relationships.
Fintech giant Green Dot attracts private equity interest despite sluggish deal climate
Despite a sluggish deal climate, fintech company Green Dot, known for its prepaid debit cards, is attracting significant interest from private equity firms in its sale process. The sale is complicated by Green Dot owning a bank, which necessitates the formation of PE consortia to comply with federal law prohibiting PE firms from owning more than 24.9% of a bank, potentially leading to the company being sold in parts. Green Dot announced in March that it was exploring strategic alternatives, leading to a jump in its stock price and revealing its major reliance on Apple and Walmart for a significant portion of its revenue.
Flagstar plans to hire 80 to 90 more commercial bankers this year
Flagstar Bank intends to hire 80 to 90 additional commercial bankers this year as part of its ongoing efforts to build its commercial and industrial business and achieve profitability by the fourth quarter. CEO Joseph Otting detailed these plans during the bank's first-quarter earnings call, despite reporting another quarterly loss of $100 million. The bank, formerly New York Community Bank, is also focusing on balancing its portfolio, reducing commercial real estate exposure, and is undergoing significant cost-cutting measures, including branch closures, while simultaneously investing in hiring and technology upgrades.
This storied Staten Island bank branch will soon close. Here’s a look at its 100-year run
A historic Flagstar bank branch at 1214 Castleton Ave. in Staten Island, operating for over 100 years, is set to close on June 13 as part of the company's expense reduction plan. Residents express sadness and concern over the loss of the architecturally significant building, which was designed by James Whitford in 1920. Two other Staten Island Flagstar branches will also close, reducing the borough's total from 16 to 13.
1 Of America’s Biggest Banks Shutting Down Many New York Branches
Flagstar Financial, formed by the merger of Flagstar Bank and New York Community Bank, is closing 60 branches nationwide, including 14 in New York, as part of a restructuring effort. CEO Joseph Otting believes these closures and other moves will be a turning point for the company's profitability. Separately, TD Bank also announced closures of approximately 40 branches across several states, with some affecting New York.
Flagstar Bank branch in Akron's Wallhaven neighborhood closing in late May
Flagstar Bank is closing its branch at 1 N. Hawkins Ave. in Akron's Wallhaven neighborhood on May 30. Customers will need to find a new location for their banking needs, with the nearest alternative branch located in Fairlawn. The bank has over 300 other locations that customers can utilize.
400 more Flagstar Bank employees to get laid off as result of sale last fall
Flagstar Bank is laying off approximately 400 additional employees after its mortgage servicing business was sold to Mr. Cooper. This decision comes because Mr. Cooper determined fewer Flagstar workers were needed than initially anticipated for the integration. The new layoffs are in addition to 175 previously announced job cuts in Michigan, stemming from the $1.3 billion sale.
Flagstar to close roughly 60 retail branches this year
Flagstar Financial plans to close approximately 60 retail branches and 20 private-client locations this year to cut $600 million in operating expenses. This real estate consolidation is part of Flagstar's broader turnaround strategy, following a significant loss in Q4 2023, with the bank aiming for consistent profitability by Q4 2025. The company is also focused on reducing its commercial real estate exposure and diversifying its loan portfolio, while adjusting its headcount.
Woman alleges New York bank rolled her money into a ‘zombie CD’
A Florida woman is suing Flagstar Bank, alleging that after her 14-month CD matured, the bank unilaterally transferred her $51,000 into a new "zombie CD" paying a mere 0.02% interest until 2044. The lawsuit claims breach of contract and unjust enrichment, as the original agreement stipulated funds would move to an interest-bearing savings account if not renewed. The plaintiff's lawyer suggests this might be a systemic practice and is seeking other individuals who had similar experiences with Flagstar Bank or its predecessors.
Flagstar Financial, Formerly NYCB, Looks Like An Interesting Deep Value Play (NYSE:FLG)
Flagstar Financial, formerly NYCB, is presented as a deep value play despite current negative profitability and significant risks related to its loan portfolio. The company's valuation metrics suggest it is undervalued, and management is actively working to mitigate credit and liquidity risks. The article advises that FLG could be an interesting long-term investment for those willing to navigate its challenges.
New York Community Bank’s woes could signal trouble for other regional banks
New York Community Bancorp's (NYCB) recent downgrade to junk status by Moody's and reported losses of $252 million in the last quarter, largely due to commercial real estate loans, are raising concerns about the broader regional banking sector. Experts suggest NYCB's rapid acquisition of Signature Bank without adequate due diligence on its assets, particularly real estate, has contributed to its current struggles. This situation casts a spotlight on the inherent structural weaknesses of smaller regional banks, which often bear a high concentration of commercial real estate loans, and highlights the potential risks they face given ongoing high office vacancy rates.
Over 800k Flagstar Bank Customers Impacted by Third Data Breach Since 2021
Flagstar Bank is notifying over 800,000 customers about a data breach stemming from vulnerabilities in the MOVEit file transfer software used by its third-party vendor, Fiserv. This marks the third data breach for Flagstar since 2021, with previous incidents also involving file transfer hacks and impacting personal customer information. The bank is offering affected customers a complimentary two-year identity monitoring service through Kroll.
The world’s best bank for financial institutions 2023: Morgan Stanley
Morgan Stanley has been recognized as the world's best bank for financial institutions in 2023 by Euromoney, largely due to its crucial role in helping clients navigate the banking sector's volatility. The bank provided key advisory services during the March 2023 panic, including the UBS-Credit Suisse merger and New York Community Bank's acquisition of Signature Bank assets. Proactive measures to bolster liquidity and capital meant many of Morgan Stanley's clients were well-prepared for the crisis.
Tether Accessed US Banks Through Signature Bank
Tether, the world's largest stablecoin issuer, has denied direct exposure to the collapsed Signature Bank but did use its proprietary software, Signet, to transfer U.S. clients' funds to the Capital Union Bank in the Bahamas. This practice continued until Signature Bank's shutdown in March. Tether emphasized its robust risk management, stating its entities were not affected by direct or indirect exposure to the bank.
Flagstar Bank makes big cuts to retail mortgage operation
Flagstar Bank has laid off hundreds of employees in its retail mortgage operation without prior warning, according to former staff. This move comes two months after the Federal Reserve approved its merger with New York Community Bank. The cuts reportedly affected the entire national retail division, sparking surprise and frustration among employees who believed the merger would be beneficial.
Hicksville-Based Bank Becomes One Of Nation's Largest With Merger
Hicksville-based New York Community Bancorp (NYCB) has completed its merger with Flagstar Bancorp, significantly expanding its reach and financial standing. This acquisition makes the combined entity one of the largest banking franchises in the United States, operating across nine states with 395 branches and a national mortgage network. While customers will not see immediate changes, NYCB plans to merge the banks under a single brand in the future.
NYCB to keep HQ on Long Island, unify brands under Flagstar name after $2.6B merger
New York Community Bancorp (NYCB) will maintain its Hicksville headquarters and rebrand all 10 of its banking labels under the Flagstar name following its $2.6 billion merger with Flagstar Bancorp. This merger creates a financial institution with approximately $90 billion in assets, making it the 24th largest U.S. bank. The unification of brands reverses NYCB's previous strategy of retaining local brands post-acquisition.
New York Community Bancorp Completes Acquisition Of Flagstar
New York Community Bancorp (NYCB) has finalized its acquisition of Flagstar Bancorp, creating a significant regional banking franchise. The combined entity will maintain both banks' retail networks under their existing brands and aims to become a top-tier regional bank with diversified revenue streams and an expanded service offering. The merger involved regulatory approvals and changes to NYCB's board and leadership team.
California taxpayers concerned over private data released to out-of-state companies for Middle Class Tax Refund
California taxpayers are expressing concern over the privacy implications of the state's Middle Class Tax Refund debit cards. Many recipients are reluctant to activate the cards due to the requirement of providing partial Social Security numbers and the involvement of out-of-state banks and card companies, raising fears about data sharing and potential scams. Despite assurances from the Franchise Tax Board that personal information will not be used for marketing, some taxpayers, like Al Ginsburg of San Francisco, have opted to cancel their cards and request a check.
Ohio Savings Bank now belongs to one of top 25 U.S. banks
Ohio Savings Bank, acquired by New York Community Bancorp Inc. in 2009, is now part of one of the top 25 U.S. banks. This change occurred after New York Community Bancorp Inc. completed its acquisition of Flagstar Bancorp Inc. The original Ohio Savings & Loan Co. moved to its Cleveland location in 1901.
New York Community Bancorp Completes Acquisition of Flagstar Bancorp
New York Community Bancorp, Inc. (NYCB) announced the completion of its acquisition of Flagstar Bancorp, Inc., creating a regional banking franchise among the top 25 in the U.S. The combined entity will have $88.4 billion in assets, $66.0 billion in loans, and $58.3 billion in deposits on a proforma basis as of September 30, 2022. This merger aims to diversify revenue, improve funding mix, and enhance the interest-rate risk profile, while also expanding the retail banking network and national lending businesses.
$2.6B New York Community-Flagstar deal closes
The $2.6 billion acquisition of Flagstar Bank by New York Community Bancorp Inc. has officially closed after nearly two years in the making, following regulatory approvals. The combined entity creates a top 25 bank in the U.S. with approximately $88.4 billion in assets, featuring a diversified loan portfolio and enhanced risk profile. Flagstar's former president and CEO, Alessandro DiNello, will serve as non-executive chairman of the board, and several Flagstar executives have joined the merged bank's leadership.
The bike ride that raises millions for a Jewish nonprofit that cares for sick children
Bike4Chai is an annual cycling event that raises millions for Chai Lifeline, a Jewish nonprofit supporting children with life-threatening illnesses. What started with one volunteer in 2009 has grown to 648 bikers raising over $12 million this year, attracting riders from all Jewish denominations. The event's success is attributed to riders experiencing the direct impact of their fundraising at Camp Simcha, where the ride concludes.
Jovia Financial Credit Union Names Smith COO
Jovia Financial Credit Union has appointed Nina Smith as its new Chief Operations Officer. Smith, a Queens resident with over two decades of banking and financial industry experience, brings expertise in operations, risk management, fraud prevention, and compliance. President and CEO John A. Deieso expressed enthusiasm for Smith's addition, highlighting her innovation and dedication as key to achieving organizational goals and market expansion.
RXR, Blackstone Sell 1330 Sixth Avenue for $325M
RXR and Blackstone Group have sold the 40-story office property at 1330 Sixth Avenue to Empire Capital Holdings for $325 million, a lower price than the initial asking of $350 million. The sale is expected to close by year-end. This transaction follows RXR's group acquisition in 2010 for $400 million and highlights ongoing shifts in New York's office market, with one analysis predicting a significant decline in office stock value by 2029.
New York Community Bancorp, Flagstar Bancorp Delay Merger To October
New York Community Bancorp Inc. and Flagstar Bancorp Inc. have extended their merger agreement to October 31, 2022. The companies also amended the agreement to operate under a national bank charter, believing it is appropriate given Flagstar's national mortgage banking business. The merger, valued at approximately $2.6 billion based on April 2021 closing prices, will create a combined entity with over $87 billion in assets.
Flagstar Bank reduces its mortgage staff by 20%
Flagstar Bank has cut 20% of its mortgage staff, or 420 employees, since the beginning of the year due to declining mortgage volume and rising interest rates. This move echoes similar workforce reductions by other mortgage lenders like Rocket Cos., PennyMac, Blend Labs, and Wells Fargo, as the industry faces a significantly smaller market compared to 2020 and 2021. Flagstar is currently in the process of being acquired by New York Community Bank.
Paul Borja -Notables in Corporate Counsel
Paul Borja, Executive Vice President and General Counsel at Flagstar Bank, played a key role in the bank's planned merger with New York Community Bancorp. He is also responsible for implementing new financial tracking systems and AI-based document review software, and leads a team of 21 people. Borja is praised by Flagstar's CEO for his expertise in ensuring compliance with regulations.
An edge in security and transparency could help US banks' USDF stablecoin take off
A group of FDIC-insured US banks is launching its own stablecoin, USDF, through a consortium, the USDF Consortium. This initiative responds to concerns raised by the President's Working Group on Financial Markets regarding existing stablecoins' transparency and potential for financial instability. USDF aims to offer greater security and transparency, leveraging member banks' reputations and potentially benefiting from FDIC deposit insurance for its reserves.
Bank stablecoin consortium USDF launched by NY Community Bank, Figure, others
A new consortium, USDF, has launched a bank-backed stablecoin that aims to enable low-cost, real-time interbank payments. The stablecoin is redeemable one for one by a network of FDIC-insured banks, and all transfers require KYC verification by one of the member banks. Founding members include New York Community Bank, Figure Technologies, and other financial institutions.
US Banks Form Group to Offer USDF Stablecoin
A consortium of U.S. banks, including New York Community Bank and FirstBank, plans to launch its own stablecoin called USDF. This initiative aims to provide a bank-minted alternative to existing stablecoins like Tether's USDT and Circle's USDC, addressing concerns about the reserves backing nonbank-issued stablecoins and potentially offering additional consumer protection. USDF will operate on the Provenance blockchain and be redeemable 1:1 for cash from member banks.
Leader of UMB Bank's fintech initiatives joins New York bank company
Doug Pagliaro, formerly a leader in UMB Bank's fintech initiatives, has joined New York Community Bancorp Inc. as senior managing director and deputy chief digital and banking-as-a-service officer. This move highlights the increasing importance for banks to collaborate with financial technology companies to generate new revenue and stay competitive.
New York Community Bancorp Appoints Julie Signorille-Browne as EVP
New York Community Bancorp, Inc. announced the appointment of Julie Signorille-Browne as Executive Vice President and Chief Administrative Officer, effective September 7, 2021. Ms. Signorille-Browne brings over 30 years of experience in various banking operations roles and will play a key role in the company's strategic initiatives and integration efforts following its merger with Flagstar. She previously served as EVP and COO of the consumer bank at Citizens Financial Group.
United Wholesale Mortgage named new jersey sponsor of Detroit Pistons
United Wholesale Mortgage (UWM) has announced a multi-year deal with the Detroit Pistons, becoming the team's new official jersey sponsor and exclusive mortgage partner. The partnership will see the UWM logo on player jerseys and aims to engage fans through community initiatives while boosting national awareness for UWM and mortgage brokers. UWM CEO Mat Ishbia highlighted the alignment between UWM’s company culture, which has strong ties to basketball and teamwork, and the Pistons organization.
New York Community Bancorp, Flagstar announces $2.6 billion merger deal
New York Community Bancorp (NYCB) announced an all-stock merger deal to acquire Flagstar for approximately $2.6 billion. The combined company will have over $87 billion in assets, nearly 400 traditional branches, and 87 loan production offices, retaining the Flagstar brand in the Midwest and for its mortgage division. This acquisition aims to transform NYCB into a full-service commercial bank and re-establish its position as a major player in the home lending industry.
Flagstar Stock Jumps Following Buyout Deal With New York Community
Flagstar Bancorp, Inc. saw its stock jump 4.9% after announcing an all-stock merger with New York Community Bancorp, Inc., valued at $2.6 billion. The combined entity will boast over $87 billion in assets, nearly 400 branches, and 87 loan production offices across 28 states, while maintaining the Flagstar Bank brand for mortgage operations and in the Midwest. Thomas R. Cangemi will lead the new company as CEO, with current Flagstar CEO Alessandro P. DiNello becoming non-executive chairman.
