SIGNATURE BANK Failed 2023
What happened
SIGNATURE BANK of NEW YORK, NY was closed on 2023-03-12. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FLAGSTAR BANK, N.A. (HICKSVILLE, NY). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4106
- FDIC Certificate
- 57053
- FDIC FIN
- 10540
- Bank name
- SIGNATURE BANK
- Location
- NEW YORK, NY
- Failure date
- 2023-03-12
- FDIC resolution date
- 2023-03-20
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $88,613M
- Assets at failure
- $110,364M
- Acquiring bank
- FLAGSTAR BANK, N.A. (HICKSVILLE, NY)
- FDIC comments
- LCT not performed. DRR will provide data when available. Signature Bridge Bank, N.A. (59332) created with FIN 10541.