New York Community Bank acquires Signature Bank in $2.7B deal.

New York Community Bank (NYCB) has agreed to purchase a significant portion of the failed Signature Bank in a $2.7 billion deal, including $38.4 billion in assets and renaming 40 branches to Flagstar Bank. The remaining $60 billion in loans will remain in receivership and be sold off later. Signature Bank's collapse was the third-largest bank failure in US history, and regulators have taken actions to protect depositors and prevent a domino effect. The prevalence of uninsured deposits and exposure to crypto and tech-focused lending ultimately caused its collapse.