Signature Bank assets sold to multiple buyers for billions.

New York Community Bancorp, the parent company of Flagstar Bank, has agreed to purchase a significant portion of failed Signature Bank in a $2.7 billion deal. The purchase includes 40 branches, $38.4 billion in assets, and $13 billion in loans. The FDIC expects the failure of Signature Bank to cost the deposit insurance fund $2.5 billion. Signature Bank was the second bank to fail in the current banking crisis, following Silicon Valley Bank.