© Reuters. FILE PHOTO: Signs explaining Federal Deposit Insurance Corporation (FDIC) and other banking policies are shown on the counter of a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking
(Reuters) – New York Community Bancorp (NYSE:) Inc said on Tuesday the Federal Deposit Insurance Corporation is selling the bank’s shares owned by the regulator following the Signature Bank (OTC:) deal.
A unit of New York Community Bancorp (NASDAQ:) in March entered an agreement with U.S. regulators to buy deposits and loans from New York-based Signature Bank which was shuttered days earlier.
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