New York Community Bancorp – DIGIT INFO

Signature’s crypto clients told to close their accounts by April 5: Report

DIGIT — Wed, 29 Mar 2023 02:01:32 +0000

Any crypto deposits not transferred to another bank by April 5 will be liquidated and a check mailed to the client’s address.

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

DIGIT — Mon, 20 Mar 2023 21:30:16 +0000

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]

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FDIC sells Signature Bank deposits to Flagstar, crypto not included

DIGIT — Mon, 20 Mar 2023 04:22:26 +0000

The 40 branches of Signature Bank will officially reopen and operate as Flagstar Bank on March 20.

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Citizens Trust Bank to Hold $65 Million in USDC Reserves as Circle Expands Bank Partnerships

DIGIT — Sat, 25 Feb 2023 00:05:40 +0000

On Friday, the cryptocurrency firm and stablecoin issuer Circle announced that the financial institution Citizens Trust Bank will hold $65 million in usd coin cash reserves. Circle said the move is part of the company’s plan to allocate shares of the stablecoin’s denominated reserves to minority-owned depository institutions (MDIs) and community banks across the United […]

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