secwatch.observer — SEC 8-K summary
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Issuer:     FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG)
CIK:        0000910073
Form:       8-K/A
Filed at:   2024-06-13T23:59:59+00:00
Accession:  0000910073-24-000144
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYCB completes FDIC-assisted acquisition of Signature Bridge Bank assets; net assets acquired $2.1B
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- Acquired assets with estimated total fair value of $37.8B, including $24.9B cash and $11.7B loans, net of ACL.
- Assumed liabilities of $35.7B, primarily $33.5B in deposits; assets acquired at discount of ~$2.7B.
- Core deposit intangible and other intangibles recognized of $464M.
- FDIC exercised equity appreciation rights; NYCB issued 39,032,006 shares; FDIC sold shares in secondary offering May 19, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000144/0000910073-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910073/000091007324000144/nycb-20230319.htm
  HTML page:      https://secwatch.observer/filing/0000910073-24-000144

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