New York Community Bank Buys Signature Bank: $2.7 Billion Deal Keeps $4 Billion in Crypto Out
New York Community Bank (NYCB) has reached an agreement to purchase a significant portion of the failed Signature Bank, marking a crucial step in stabilizing the financial landscape. On 20 de mar. de 2025, the Federal Deposit Insurance Corp (FDIC) announced the $2.7 billion deal, which excludes approximately $4 billion in crypto-related assets.
As reported by the Associated Press on 20 de mar. de 2025NEW YORK (AP), this acquisition represents a strategic move for NYCB, significantly expanding its presence in the New York market. The FDIC stated that the deal will see NYCB purchasing $38.4 billion in Signature Bank’s assets, representing roughly a third of Signature's total $110 billion in assets.
The agreement, announced on 20 de mar. de 2025, strategically excludes Signature Bank's cryptocurrency-related business. This separation reflects ongoing concerns and regulatory scrutiny surrounding digital assets within the banking sector.
This acquisition by New York Community Bank signals a period of transition and restructuring for Signature Bank's remaining assets. Stay updated for further developments on this significant financial transaction and its impact on the banking industry and the crypto market.