05:44 PM EDT, 07/02/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) said late Tuesday it expects its planned 1-for-3 reverse stock split to become effective after close of trading July 11.

The company's common shares are expected to start trading on a split-adjusted basis July 12.

New York Community Bancorp ( NYCB/PU ) said the reverse split will reduce the number of its shares to roughly 666.7 million from 2 billion.

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