07:41 AM EDT, 06/14/2024 (MT Newswires) -- New York Community Bancorp's ( NYCB/PU ) subsidiary Flagstar Bank acquired most assets from Signature Bridge Bank at a discount of about $2.7 billion, according to a regulatory filing on Thursday.

In March, Flagstar Bank acquired most deposits, certain liabilities and assets from Signature Bridge Bank via an agreement with the Federal Deposit Insurance Corporation.

The company said Flagstar obtained assets worth $37.8 billion, including $24.9 billion in cash and $11.7 billion in loans and assumed liabilities of $35.7 billion, primarily $33.5 billion in customer deposits.

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