New York Community Bancorp to Acquire Flagstar Bancorp in $2.6 Billion All-Stock Merger
April 26, 2021
New York Community Bancorp (NYCB) and Flagstar Bancorp (FBC) entered into a definitive merger agreement for an all-stock transaction valued at approximately $2.6 billion. Flagstar shareholders will receive 4.0151 shares of NYCB common stock for each Flagstar share, and the combined company is expected to operate nearly 400 traditional branches across a multi-state footprint.
- Buyers
- New York Community Bancorp, Inc.
- Targets
- Flagstar Bancorp, Inc.
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
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