NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement. |
On March10, 2017, the Registrant entered into an underwriting
agreement (the Underwriting Agreement) with Goldman, Sachs Co.,
Credit Suisse Securities (USA) LLC, and Merrill Lynch, Pierce,
Fenner Smith Incorporated, as representatives of the several
underwriters listed therein (the Underwriters), relating to the
public offering (the Offering) of 20,000,000 depositary shares
(the Depositary Shares), each representing a 1/40th interest in a
share of the Series A Preferred Stock, par value $0.01 per share,
with a liquidation preference of $1,000 per share (equivalent to
$25 per Depositary Share), and up to an additional 3,000,000
Depositary Shares to an option granted to the Underwriters to
purchase additional Depositary Shares. The Underwriting Agreement
contains various representations, warranties and agreements by
the Registrant, conditions to closing, indemnification rights and
obligations of the parties and termination provisions. The
description of the Underwriting Agreement set forth above is
qualified in its entirety by reference to the Underwriting
Agreement, a copy of which is filed as Exhibit 1.1 to this
Current Report on Form 8-K and incorporated herein by reference.
This Current Report on Form 8-K is being filed for the purpose of
filing Exhibit 1.1 as an exhibit to the Registrants registration
statement on Form S-3 (File No.333-210919) (the
Registration Statement) and such exhibit is hereby incorporated
by reference into the Registration Statement.
| Item9.01. | Financial Statements and Exhibits. |
(d)
Exhibits
|
Exhibit Number |
Description |
|
| 1.1 |
Underwriting Agreement, dated March10, 2017, by and among the Registrant and Goldman, Sachs Co., Credit Suisse Securities (USA) LLC, and Merrill Lynch, Pierce, Fenner Smith Incorporated, as representatives of the several underwriters listed therein. |
About NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB)
New York Community Bancorp, Inc. is a multi-bank holding company. The Company’s operations are divided into two segments: Banking Operations and Residential Mortgage Banking. The Banking Operations segment serves consumers and businesses by offering and servicing a range of loan and deposit products and other financial services. The Residential Mortgage Banking segment originates, aggregates, sells and services one- to four-family mortgage loans. Mortgage loan products consist of agency-conforming fixed- and adjustable-rate loans and, to a lesser extent, jumbo loans, for the purpose of purchasing or refinancing one- to four-family homes. The Company’s subsidiaries are New York Community Bank, a chartered savings bank with approximately 230 branches that operates through over seven local divisions, and New York Commercial Bank, a chartered commercial bank with approximately 30 branches in Manhattan, Queens, Brooklyn, Westchester County and Long Island. NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Recent Trading Information
NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) closed its last trading session up +0.01 at 14.35 with 5,953,107 shares trading hands.
