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Bitcoinist 2023-03-20 09:39:50

FDIC Sells Signature Bank’s Deposits To Flagstar, Excludes $4 Billion In Crypto

The FDIC has announced in a statement Sunday that Signature Bank, now known as Signature Bridge Bank, will transfer its non-crypto deposits to Flagstar Bank, a subsidiary of New York Community Bancorp, effective Monday. The move, according to a news release, comes as part of a purchase and assumption agreement between the two financial institutions,

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