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New York Community Bank

#2807

Rank

$4.89B

Marketcap

US United States

Country

New York Community Bank
Leadership team

Mr. Thomas Robert Cangemi CPA (Pres, CEO & Director)

Mr. John J. Pinto CPA (Sr. EVP & CFO)

Mr. Robert Wann (Sr. EVP, COO & Director)

Products/ Services
Banking, Communities, Financial Services, Insurance, Real Estate, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Westbury, New York, United States
Established
1859
Company Registration
SEC CIK number: 0000910073
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
NYCB
Overview
Location
Summary
New York Community Bancorp, Inc. operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit. Its loan products include multi-family loans; commercial real estate loans; specialty finance loans and leases; and commercial and industrial loans; acquisition, development, and construction loans; one-to-four family loans; and consumer loans. The company also offers annuities, life and long-term care insurance products, and mutual funds; cash management products; and online, mobile, and phone banking services. It primarily serves individuals, small and mid-size businesses, and professional associations through a network of 237 branches and 333 ATM locations. The company was formerly known as Queens County Bancorp, Inc. and changed its name to New York Community Bancorp, Inc. in November 2000. New York Community Bancorp, Inc. was founded in 1859 and is based in Hicksville, New York.
History

NYCB was founded on April 14, 1859, in Flushing, Queens, as Queens County Savings Bank, and changed its name on December 15, 2000, to New York Community Bank to better reflect its market area beyond Queens.

In 1993, the company became a public company via an initial public offering.In 2000, the bank acquired Haven Bancorp for $196 million.In 2001, NYCB acquired Richmond County Financial in an $802 million transaction.In 2002, NYCB acquired asset manager Peter B. Cannell & Co.In 2003, NYCB acquired Roslyn Bancorp in a $1.6 billion transaction.In 2005, NYCB acquired Long Island Financial in a $70 million transaction.In 2006, NYCB acquired Atlantic Bank of New York from the National Bank of Greece for $400 million.In March 2007, NYCB acquired 11 branches in New York City from Doral Financial Corporation.In April 2007, NYCB acquired Penn Federal Savings Bank for $262 million, adding branches in East Central and North East New Jersey.In October 2007, NYCB acquired Synergy Bank of Cranford, New Jersey for $168 million in stock. In September 2009, NYCB re-branded the Synergy branches to Garden State Community Bank.In December 2009, the Federal Deposit Insurance Corporation seized AmTrust, a bank headquartered in Cleveland, OH with 66 branches and $13 billion in assets in Ohio, Florida and Arizona. NYCB acquired Amtrust, which expanded NYCB's branch footprint outside of the New York metropolitan area for the first time. In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit.In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB.In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers.On October 29, 2015, the bank announced an agreement to merge with Astoria Bank, but the proposed merger was terminated in December 2016 after failing to win regulatory approval.On November 4, 2016, Brooklyn Sports & Entertainment announced that the bank had acquired the naming rights to Nassau Coliseum; it was renamed "NYCB Live: Home of the Nassau Veterans Memorial Coliseum", due to agreements requiring that "Nassau Veterans Memorial Coliseum" remain in the arena's name. NYCB pulled out of its naming rights contract in late August 2020 due to uncertainty surrounding the property after a June 2020 closure and subsequent new leaseholder.On April 26, 2021, NYCB issued a press release indicating that they were acquiring Flagstar Bank in an all stock strategic merger. NYCB's focus on multi-family and commercial loans is evident by their $9.9 million average loan value across the $7.8 billion of loans that they originated in 2021.

Mission
At New York Community Bank, our mission is to provide our customers with quality financial services and banking solutions. We strive to make banking convenient, safe, and reliable by offering innovative products and services that are tailored to meet our customers’ needs.
Vision
New York Community Bank is committed to becoming the premier multi-state banking institution in the markets we serve. We will support and promote economic growth and vitality by providing financial products and services that are accessible, reliable, and secure.
Key Team

Mr. John T. Adams (Sr. Exec. VP & Director of Indirect Multi-Family Lending)

Mr. R. Patrick Quinn Esq., J.D. (Sr. Exec. VP, Gen. Counsel & Corp. Sec.)

Ms. Julie Signorille-Browne (Exec. VP & Chief Admin. Officer and Director of Operations)

Mr. Robert D. Brown (Chief Information Officer & Exec. VP)

Mr. Salvatore J. DiMartino (Exec. VP & Chief of Staff to the CEO and Director of Investor Relations)

Ms. Jennifer Charters (Exec. VP & Chief Information Officer)

Mr. Ross Marrazzo (Exec. VP & Enterprise Chief Compliance Officer)

Recognition and Awards
New York Community Bank has been nominated for numerous awards in the banking and finance industry. These awards include the ABA Bank Marketing Excellence Award, the Greenwich Excellence Banking Award, and the Top Performing Banks in America award.
References
New York Community Bank
Leadership team

Mr. Thomas Robert Cangemi CPA (Pres, CEO & Director)

Mr. John J. Pinto CPA (Sr. EVP & CFO)

Mr. Robert Wann (Sr. EVP, COO & Director)

Products/ Services
Banking, Communities, Financial Services, Insurance, Real Estate, Venture Capital
Number of Employees
1,000 - 20,000
Headquarters
Westbury, New York, United States
Established
1859
Company Registration
SEC CIK number: 0000910073
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
NYCB