PNC Bank acquired a portfolio of $16.6 billion in capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation as receiver. read more

OCT 4, 2023 - 6:40 am

Flagstar Bank, a bank subsidiary of New York Community Bancorp, acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the FDIC. All regulatory approvals, including approval from the OCC, have been obtained and the transaction has closed. read more

MAR 20, 2023 - 7:20 am

The New York State Department of Financial Services closed Signature Bank over the weekend and appointed the FDIC as receiver. The FDIC transferred all deposits and assets to a bridge bank that began operations on Monday. read more

MAR 14, 2023 - 7:14 am