Description
New York Community Bank (NYCB) is a bank headquartered in Westbury, New York with 225 branches in New York, New Jersey, Ohio, Florida and Arizona. NYCB is on the list of largest banks in the United States.
Almost all of the loans originated by the bank are either multi-family or commercial loans, many of them are in New York City, are subject to laws regarding rent control in New York.
In late December 2020, the bank announced a change in executive leadership. Longtime President, CEO and board member Joseph Ficalora announced he would retire from all three posts in two days time. Thomas Cangemi, the company's CFO since 2005, will become president and the CEO.
On April 26, 2021, New York Community Bank issued a press release indicating that they were acquiring Flagstar Bank in an all stock strategic merger.
Divisions
New York Community Bank operates branches under the following names:
- Community Bank (New York)
- Queens County Savings Bank (New York)
- Roslyn Savings Bank (New York)
- Richmond County Savings Bank (New York)
- Roosevelt Savings Bank (New York)
- Atlantic Bank (New York)
- Garden State Community Bank (New Jersey)
- AmTrust Bank (Florida and Arizona)
- Ohio Savings Bank (Ohio)
