What banks are owned by New York Community Bank? (2024)

What banks are owned by New York Community Bank?

New York Community Bancorp, Inc. is the parent company of Flagstar Bank

, N.A., one of the largest regional banks in the country.

What is another name for New York Community Bank?

New York Community Bancorp, which was formerly known as Queens County Bancorp, converted to stock form on November 23, 1993, and initially traded on the NASDAQ National Market under the symbol "QCSB". When the Company changed its name to New York Community Bancorp, it also changed its trading symbol, to "NYCB".

Is New York Community Bank the same as Flagstar Bank?

What will the name of the bank be going forward? Starting Tuesday, February 20, we'll serve all our clients under the Flagstar name. Then you'll see the Flagstar name everywhere you current see New York Community Bank (NYCB).

Is New York Community Bank a good bank?

At a SmartAsset rating of 4.1 out of 5 stars, Community Bank should be solidly in contention for your choice of bank. Community Bank offers a varied choice of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards.

What is the ranking of New York Community Bank?

Is New York Community Bank a big bank?

The Company is the 2nd largest multi-family portfolio lender in the country and the leading multi-family portfolio lender in the New York City market area, where it specializes in rent-regulated, non-luxury apartment buildings.

Is NYCB considered a regional bank?

NYCB was founded in 1859 and has long served as a small regional bank. Between 2000 and 2023, it completed 13 acquisitions to grow to its current size.

What bank did New York Community Bank merge with?

(the "Merger Agreement"), Flagstar merged with and into the Company and Flagstar Bank, FSB now operates as Flagstar Bank, N.A., with New York Community Bank having merged into Flagstar Bank, N.A.

Is New York Community Bank FDIC insured?

Accounts are insured to the maximum level of FDIC insurance available. Strong relationships to meet your business needs with an exceptional level of customer service.

Is Wells Fargo now Flagstar?

In June 2018, Wells Fargo sold all 52 of its physical bank branch locations in Indiana, Michigan, and Ohio to Flagstar Bank.

How safe is community bank?

You can bank with confidence at your local community bank because no one has ever lost a dime of FDIC-insured funds. Community banks hold FDIC deposit insurance, which covers each depositor's account, dollar-for-dollar, up to the insurance limit ($250,000).

What is the hardest bank to get into?

Which is the hardest investment bank to get into? Goldman Sachs is notoriously difficult to get into. One statistics recently rolled out was that it received 100,000 applications for just 2,300 global internship positions. This means that it received 24 applications for every job it posted.

How old is New York Community Bank?

* Founded in 1859, the bank long served as a small regional bank.

What is the outlook for New York Community Bank?

NYCB Sales Forecast

Next quarter's sales forecast for NYCB is $824.66M with a range of $735.80M to $921.38M. The previous quarter's sales results were $1.59B. NYCB beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 81.77% of the time in the same period.

Is New York Community Bank financially sound?

Moody's Investor Service cut New York Community Bancorp's credit rating to junk territory late Tuesday, to Ba2 from Baa3, citing "financial, risk-management and governance challenges."

What is the most stable bank in the United States?

Why is NYCB down?

Moody's cited “financial, risk-management and governance challenges” for NYCB, which reported a surprise quarterly loss and slashed its dividend last week, as the ratings firm downgraded the bank to Ba2 from Baa3. Fitch Ratings on Friday downgraded NYCB to the lowest possible investment-grade rating.

Where does New York Community Bank operate?

Based in Hicksville, N.Y., the banks that operate under NYCB are spread across nearly 400 branches throughout parts of the Northeast, Midwest, West Coast and Florida.

Who are New York Community Bank competitors?

The main competitors of New York Community Bancorp include Western Alliance Bancorporation (WAL), NNN REIT (NNN), Stifel Financial (SF), Invesco (IVZ), FirstService (FSV), Comerica (CMA), Woori Financial Group (WF), Omega Healthcare Investors (OHI), Commerce Bancshares (CBSH), and Old Republic International (ORI).

What is the difference between a bank and a regional bank?

Regional banks combine the best of two options

Some local banks are limited to one community, while a regional bank can operate branches across a few states and have history in each community. Their bankers may live in your neighborhood and shop at the same supermarket; they may even coach the local soccer team.

Is Wells Fargo a regional bank?

Chase, Bank of America, and Wells Fargo are some well-known examples of national banks. Regional bank - A bank that operates in one or more regions of a country but doesn't have a nationwide presence. Regional banks typically have a full range of banking products for consumers and businesses.

How many branches for NYCB operate directly under the name New York Community Bank?

Eighteen of our 30 branches operate through our Atlantic Bank division, while the other 12 operate directly under the name New York Community Bank. And because New York Community Bank is a member of the NYCB Family, our customers can ALSO bank at any of our New York Community Bank branches- that's 256 branches in all!

What is the largest community bank in the US?

What bank in New York went out of business?

The Collapse of Signature Bank's Stock

Signature was one of the few banks providing such letters in New York, says Eric Orenstein, an attorney at Rosenberg and Estis.

Who bought out United Carolina Bank?

United Carolina Bank (UCB) was a bank headquartered in Whiteville, North Carolina. It was formed in 1980 by the merger of four banks, including Waccamaw Bank of Whiteville. BB&T (now Truist Financial) acquired UCB in 1997.