NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Files An 8-K Termination of a Material Definitive Agreement
ITEM 1.02
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Termination of a Material Contract |
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On December 19, 2016, the Boards of Directors of New York Community Bancorp, Inc. (the Company) and Astoria Financial Corporation (Astoria Financial) mutually agreed not to extend the Agreement and Plan of Merger, dated as of October 28, 2015, by and between the Company and Astoria Financial (the Merger Agreement), and to terminate the Merger Agreement as of January 1, 2017. A press release issued on December 20, 2016 to announce the termination of the Merger Agreement is attached hereto as Exhibit 99.1 and incorporated herein by reference. |
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Upon its termination, the Merger Agreement will become void |
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ITEM 9.01 |
Financial Statements and Exhibits |
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(d) |
News release issued by the Company on December 20, 2016. |
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 down -0.55 at 16.75 with 28,571,912 shares trading hands.
