According to Foresight News, according to TechCrunch, Flagstar Bank confirmed that its acquisition of some assets of Signature Bank Transition Bank and the assumption of certain debts does not include any digital assets, crypto-related assets or deposits. Signature Bank's digital payment platform Signet is also not included in the transaction.
As Foresight News previously reported, last night, the Office of the Comptroller of the Currency approved Flagstar Bank to acquire certain assets and assume certain liabilities of Signature Bank Transition Bank. The transaction includes the purchase of a loan portfolio with a total value of $12.9 billion and the assumption of $34 billion in deposits.
