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.
Location
New York, United States
Transaction Type
Buyout

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