New York Community Bancorp’s Secondary Public Offering
May 16, 2023
Cleary Gottlieb represented Barclays Capital Inc., as underwriter, in a secondary public offering of 39,032,006 shares of common stock of New York Community Bancorp, sold by the Federal Deposit Insurance Corporation, as Receiver for Signature Bridge Bank, National Association, New York, New York.
The offering priced on May 16, 2023, and is expected to close on May 19, 2023. New York Community Bancorp did not sell any shares and will not receive any proceeds from the offering.
New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. As of December 31, 2022, the Company had $90.1 billion of assets, $69.0 billion of loans, deposits of $58.7 billion, and total stockholders’ equity of $8.8 billion. The Company currently has 395 branches across nine states, including in the Northeast and Midwest and exposure to high growth markets in the Southeast and West Coast.