Signature Bank assets sold to NY Community Bancorp subsidiary by FDIC.

A subsidiary of New York Community Bancorp, Flagstar Bank, has agreed to purchase deposits and loans from Signature Bank, which was closed by regulators last week. The deal will see Flagstar assume substantially all of Signature Bank's deposits, some of its loan portfolios, and all 40 of its former branches. Roughly $60 billion of Signature Bank's loans and $4 billion of its deposits would remain with it in receivership. The FDIC estimated the deal would cost its Deposit Insurance Fund approximately $2.5 billion.