Flagstar Bank, a subsidiary of New York Community Bancorp, confirmed that its acquisition of certain assets and assumption of certain liabilities of Signature Bank’s transition bank 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.
Last night, the U.S. Office of the Comptroller of the Currency approved Flagship Bank to acquire certain assets of Signature Bank and assume certain debts. 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. (TechCrunch)
