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New York Community Bancorp became one of the largest regional banks in the nation last year when it bought the liabilities of Signature Bank following its failure. But it planted the seeds for that transaction over a decade earlier in a different government-assisted deal. Late in 2009, New York Community Bancorp, at the time around $33 billion in assets, devised a creative bid for the deposits and assets of AmTrust Bank, based in Cleveland. Executives offered a warrant structure that allowed the Federal Deposit Insurance Corp. to buy the bank’s stock for a short period of time and then cash…
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WRITTEN BY
Laura Alix
Director of Research
Laura Alix is the Director of Research at Bank Director, where she collaborates on in-depth strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce recruitment and retention strategies, and environmental, social and governance issues facing the banking industry. Previously, she covered national and regional banks for American Banker, and before that, she covered community banks for Banker & Tradesman and The Commercial Record. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College. You can follow her on Twitter or connect on LinkedIn.