---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-074432"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2023-03-20T23:59:59+00:00"
generated_at: "2026-06-17T23:23:50.431471+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# NYCB's Flagstar acquires $38B in assets, assumes $34B deposits of Signature Bridge Bank from FDIC

## Summary
- Acquired $38B assets ($25B cash, $13B loans) and assumed $34B deposits; all regulatory approvals obtained and closed March 19.
- Transaction excludes Signature's digital asset/crypto deposits and fund banking business.
- Expected EPS accretion +20% and TBV accretion +15%; loan-to-deposit ratio improves from 118% to 88%.
- Issued Equity Appreciation Instrument to FDIC: potential $300M in stock if NYCB stock exceeds $6.54 by March 31, 2023.
- Branches operate under Flagstar brand; added C&I, healthcare, SBA, and mortgage warehouse lending verticals.

## SEC filing metadata
- accession: 0001193125-23-074432
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2023-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000119312523074432/0001193125-23-074432-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000119312523074432/d481717d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-074432
- JSON: https://secwatch.observer/filing/0001193125-23-074432.json
- Plain text: https://secwatch.observer/filing/0001193125-23-074432.txt

## Key facts
- M&A Transactions
  FLAGSTAR BANK, NATIONAL ASSOCIATION completed an acquisition involving Federal Deposit Insurance Corporation (FDIC), as receiver for Signature Bridge Bank, N.A. (closed 2023-03-19).
  - Action: acquisition
  - Counterparty: Federal Deposit Insurance Corporation (FDIC), as receiver for Signature Bridge Bank, N.A.
  - Closing: 2023-03-19
  source text: On March 19, 2023, Flagstar Bank, N.A. ( “Flagstar”), a wholly owned subsidiary of New York Community Bancorp, Inc. (the “Company”), assumed substantially all of the deposits and certain identified liabilities and acquired certain assets and lines of business of Signature Bridge Bank, N.A. (“Signature Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”), as receiver for Signature Bank (the “Acquisition”), pursuant to the terms of the Purchase and Assumption Agreement – All Deposits, dated March 19, 2023, among the FDIC, as receiver of Signature Bank, the FDIC and Flagstar (the “Agreement”). All regulatory approvals for the Acquisition, including approval from the Office of the Comptroller of the Currency, have been obtained, and the Acquisition has closed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312523074432/0001193125-23-074432-index.htm
- Material Agreements
  FLAGSTAR BANK, NATIONAL ASSOCIATION entered into Purchase and Assumption Agreement – All Deposits with Federal Deposit Insurance Corporation (FDIC) valued at Flagstar assumed substantially all deposits and certain liabilities, acquired assets and lines of bu (effective 2023-03-19).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Federal Deposit Insurance Corporation (FDIC)
  - Value: Flagstar assumed substantially all deposits and certain liabilities, acquired assets and lines of bu
  - Effective: 2023-03-19
  source text: On March 19, 2023, Flagstar Bank, N.A. ( “Flagstar”), a wholly owned subsidiary of New York Community Bancorp, Inc. (the “Company”), assumed substantially all of the deposits and certain identified liabilities and acquired certain assets and lines of business of Signature Bridge Bank, N.A. (“Signature Bank”), from the Federal Deposit Insurance Corporation (the “FDIC”), as receiver for Signature Bank (the “Acquisition”), pursuant to the terms of the Purchase and Assumption Agreement – All Deposits, dated March 19, 2023, among the FDIC, as receiver of Signature Bank, the FDIC and Flagstar (the “Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000119312523074432/0001193125-23-074432-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.