New York Community BancorpNYSE: NYCB

New York Community Bancorp, Inc. (NYCB) said it will go ahead with a 1-for-3 reverse stock split sometime mid-to-late July, after its board approved the move Wednesday.

New York Community Bancorp says its board of directors has approved a one-for-three reverse stock split expected to become effective in mid-to-late July.

New York Community Bancorp (NYCB) released financial information about its March acquisition of certain assets of Signature Bridge Bank, the successor to Signature Bank, from that bank's receiver, the Federal Deposit Insurance Corp. (FDIC). NYCB's wholly-owned subsidiary, Flagstar Bank, acquired assets with an estimated total fair value of $37.

New York Community Bancorp said on Thursday it acquired the assets of the failed Signature Bank with an estimated total fair value of $37.8 billion.

Liberty Strategic Capital on Monday disclosed it held a 7.7% stake in regional lender New York Community Bancorp as of June 7.

The U.S. Securities and Exchange Commission in April had sought additional disclosures from New York Community Bancorp in its preliminary proxy statement, regulatory filings made by the regional lender showed on Monday.

New York Community Bancorp said on Tuesday it had expanded the role of its President and CEO Joseph Otting to include the title of chairman.

Struggling financial institution New York Community Bancorp announced on Thursday that its Chief Operating Officer Julie-Ann Signorille-Browne has stepped down from her position, with her resignation effective May 24.

Soros Fund Management, the family office established by billionaire trader George Soros, sold off its investment in New York Community Bank in the first quarter, as reported in a regulatory filing on Wednesday.