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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 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 management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.