Bank failure · NY
Signature Bank (New York, NY) — failed March 12, 2023
Signature Bank of New York, New York was closed on March 12, 2023 and resolved through a purchase and assumption. Flagstar Bank, N.A. (NY) took over its insured deposits. At failure it held $110.4B in assets and $88.6B in deposits.
- Closing date
- March 12, 2023
- FDIC certificate #
- 57053
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Flagstar Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials