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New York Community Bancorp, Inc. - $NYCB STOCK NEWS

Welcome to our dedicated page for New York Community Bancorp news (Ticker: $NYCB), a resource for investors and traders seeking the latest updates and insights on New York Community Bancorp stock.

New York Community Bancorp, Inc. (NYSE: NYCB) stands as one of the 25 largest bank holding companies in the United States, boasting assets exceeding $48 billion and a market cap surpassing $7 billion. Headquartered in Hicksville, New York, NYCB operates through a network of over 270 branches spread across metro New York, New Jersey, Florida, Arizona, and Ohio, and ranks among the top 25 depositories in the nation.

NYCB's mission is to excel in all aspects for the benefit of customers, communities, employees, and shareholders alike. The company manages its branches under two primary banks: New York Community Bank and New York Commercial Bank, both members of the FDIC. These banks operate through eight local divisions reflecting the company's growth through strategic acquisitions:

  • Queens County Savings Bank
  • Roslyn Savings Bank
  • Richmond County Savings Bank
  • Roosevelt Savings Bank
  • Garden State Community Bank
  • AmTrust Bank
  • Ohio Savings Bank
  • Atlantic Bank

NYCB competes robustly in diverse markets, offering a comprehensive array of products and services that include online banking, mobile banking, and phone banking. Additionally, the company is a leading producer of multi-family loans in New York City, specializing in rent-regulated, non-luxury apartment buildings.

Recently, NYCB acquired Flagstar Bank, N.A., bolstering its presence with 435 branches and extensive operations across the Northeast, Midwest, Southeast, and West Coast. Flagstar Mortgage, a subsidiary of Flagstar Bank, operates nationally through a wholesale network of roughly 3,000 third-party mortgage originators. The acquisition has positioned NYCB as the second-largest multi-family portfolio lender in the U.S. and has strengthened its foothold in mortgage origination, servicing, and warehouse lending. As of March 31, 2023, NYCB reported assets of $123.8 billion, loans totaling $83.3 billion, deposits of $84.8 billion, and total stockholders' equity of $10.8 billion.

Latest News: NYCB has successfully implemented AFSVision, an advanced lending platform by Automated Financial Systems, Inc. (AFS®), at Flagstar Bank. This strategic move enhances Flagstar's commercial lending capabilities and supports its relationship banking model. AFSVision allows seamless integration with financial institutions' ecosystems and offers digital-enabling capabilities for end-to-end commercial loan processing.

NYCB continues to excel in various national businesses, including multi-family lending, mortgage origination and servicing, and warehouse lending. With a focus on technology and efficiency, the company remains committed to providing exceptional service to its customers and maintaining its strong market positions.

Rhea-AI Summary
New York Community Bancorp, Inc. (NYCB) announced the filing of its Form 10-K for 2023, confirming no impact on financial results from identified material weaknesses.
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Former Treasury Secretary Steven Mnuchin, Incoming CEO Joseph Otting, Milton Berlinski, and Allen Puwalski have been appointed to NYCB's Board of Directors. NYCB completed transactions resulting in investments totaling approximately $1.05 billion by strategic investors. The new equity raise enhances the company's balance sheet and liquidity position, demonstrating confidence in the ongoing turnaround.
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New York Community Bancorp, Inc. (NYCB) announced a conference call to discuss a recent over $1 billion equity capital raise. The call is scheduled for March 7, 2024, at 8:00 am ET. Details for accessing the call and replay information were provided.
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NYCB announces over $1 billion investment from Liberty Strategic Capital, Hudson Bay Capital, Reverence Capital, and others. Former Secretary Mnuchin and Joseph Otting to join the Board, with Otting becoming CEO. Transaction to create a $100+ billion national bank with a strong balance sheet and diversified business model.
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New York Community Bancorp, Inc. secures over $1 billion equity investment anchored by Liberty Strategic Capital, Hudson Bay, and Reverence Capital. Former U.S. Treasury Secretary Steven Mnuchin leads the investment group, with Joseph Otting to become CEO and Alessandro DiNello as Non-Executive Chairman. The investment aims to strengthen NYCB's capital position and support future growth initiatives.
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New York Community Bancorp, Inc. appoints George F. Buchanan III as Executive Vice President and Chief Risk Officer and Colleen McCullum as Executive Vice President and Chief Audit Executive. The Company reiterates that previously announced material weaknesses will not impact full fiscal year 2023 financial results. The 2023 Form 10-K is expected to be filed within the next 15 days.
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New York Community Bancorp, Inc. (NYCB) appoints Alessandro DiNello as President and CEO, succeeding Thomas R. Cangemi. Marshall Lux named Presiding Director of the Board. DiNello brings over four decades of industry experience and aims to lead the company into a larger, more diversified commercial bank.
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New York Community Bancorp, Inc. (NYSE: NYCB) and Flagstar Bank, N.A. complete operational system conversion, unveiling new Flagstar brand. Clients benefit from enhanced online and mobile banking tools, a new Flagstar mobile app, and a national rebranding effort across 400+ branches and 500+ ATMs.
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New York Community Bancorp, Inc. (NYSE: NYCB) has set the date for its 2024 Annual Meeting of Shareholders on May 17th, to be held in a virtual format. The meeting will commence at 10:00 a.m. Eastern Time. The date of record for voting is March 18, 2024, and proxy materials will be sent to shareholders of record.
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New York Community Bancorp, Inc. (NYSE: NYCB) appointed Alessandro DiNello as Executive Chairman, effective immediately, to work alongside President and CEO, Thomas R. Cangemi, to improve all aspects of the Bank's operations. Mr. DiNello previously served as the non-executive chairman of the board and President and CEO of Flagstar Bank.
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FAQ

What is New York Community Bancorp, Inc.?

New York Community Bancorp, Inc. (NYSE: NYCB) is one of the largest bank holding companies in the U.S., with assets over $48 billion and a market cap exceeding $7 billion.

How many branches does NYCB operate?

NYCB operates over 270 branches across metro New York, New Jersey, Florida, Arizona, and Ohio.

What banks operate under NYCB?

NYCB operates through New York Community Bank and New York Commercial Bank, which include divisions like Queens County Savings Bank, Roslyn Savings Bank, and others.

What recent acquisition has NYCB made?

NYCB recently acquired Flagstar Bank, N.A., expanding its branch network and enhancing its mortgage and lending services.

What are NYCB's core business areas?

NYCB's core business areas include multi-family lending, mortgage origination and servicing, and warehouse lending.

What is the latest technological advancement at NYCB?

NYCB recently implemented AFSVision at Flagstar Bank, enhancing their commercial lending capabilities and customer service.

Where is NYCB headquartered?

NYCB is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan.

How does NYCB serve its customers?

NYCB serves customers through branch banking, online banking, mobile banking, and phone banking.

What is NYCB's mission?

NYCB's mission is to excel in all aspects for the benefit of their customers, communities, employees, and shareholders.

What financial highlights did NYCB report as of March 31, 2023?

As of March 31, 2023, NYCB reported $123.8 billion in assets, $83.3 billion in loans, $84.8 billion in deposits, and $10.8 billion in stockholders' equity.

New York Community Bancorp, Inc.

NYSE:NYCB

NYCB Rankings

NYCB Stock Data

3.22B
715.77M
0.53%
55.52%
9.94%
Savings Institutions
Finance and Insurance
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United States of America
HICKSVILLE