Flagstar Bank, a top-25 U.S. mortgage lender, recently participated in two M&A deals.
In December 2022, the bank concluded the merger with New York Community Bancorp after waiting for regulatory approvals for over a year. In March 2023, Flagstar surprised the market amid the banking crisis by acquiring some assets, liabilities and deposits of Signature Bank from the Federal Deposit Insurance Corporation (FDIC).
So what do these transactions add to Flagstar?
Lee Smith, executive vice president and president of mortgage, said the details ⇒
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