# SIGNATURE BANK

> **Failed bank** · NEW YORK, NY · failed 2023-03-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

SIGNATURE BANK of NEW YORK, NY was closed by regulators 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
- **Estimated FDIC DIF cost:** $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.

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SIGNATURE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SIGNATURE BANK (FDIC ID 4106), failed 2023-03-12. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/4106.

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