June 13 (Reuters) - New York Community Bancorp ( NYCB )

said on Thursday it acquired the assets of the failed Signature

Bank ( SBNY ) with an estimated total fair value of $37.8 billion.

In March 2023, its subsidiary, Flagstar Bank, had assumed

substantially all of Signature Bank's ( SBNY ) deposits and some of its

loan portfolios from the Federal Deposit Insurance Corporation

(FDIC).

The regional lender added the fair value estimate primarily

includes $24.9 billion in cash and cash equivalents and $11.7

billion in loans and leases.

It also assumed liabilities with an estimated fair value of

$35.7 billion, primarily including $33.5 billion in customer

deposits, NYCB said.