AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGERAgreement and Plan of Merger • October 28th, 2022 • New York Community Bancorp Inc • Savings institutions, not federally chartered
This AMENDMENT NO. 2, dated as of October 27, 2022 (this “Amendment”), amends the Agreement and Plan of Merger, dated as of April 24, 2021, by and among New York Community Bancorp, Inc., a Delaware corporation (“NYCB”), 615 Corp., a Delaware corporation and direct, wholly-owned subsidiary of NYCB (“Merger Sub”), and Flagstar Bancorp, Inc., a Michigan corporation (“Flagstar”), as amended by Amendment No. 1 to Agreement and Plan of Merger (the “Agreement”). Capitalized terms used and not defined herein have the meanings ascribed to such terms in the Agreement.
OCC APPROVAL RECEIVED FOR THE MERGER OF NEW YORK COMMUNITY BANK AND FLAGSTAR BANK BOTH COMPANIES MUTUALLY AGREE TO EXTEND MERGER AGREEMENT TO DECEMBER 31, 2022Merger Agreement • October 28th, 2022 • New York Community Bancorp Inc • Savings institutions, not federally chartered
HICKSVILLE, N.Y. and TROY, Mich., Oct. 28, 2022 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company" or "NYCB") and Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar") announced today the receipt of approval from the Office of the Comptroller of the Currency (the "OCC") to convert Flagstar Bank, FSB to a national bank to be known as Flagstar Bank, N.A., and to merge New York Community Bank into Flagstar Bank, N.A. with Flagstar Bank, N.A. being the surviving entity. NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board (the "FRB"), as well as to the satisfaction of certain other customary closing conditions under the merger agreement between the two companies.
