NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Files An 8-K Termination of a Material Definitive Agreement

ME Staff 8-k

8 years ago

NEW YORK COMMUNITY BANCORP, INC. (NYSE:NYCB) Files An 8-K Termination of a Material Definitive Agreement

ITEM 1.02

Termination of a Material Contract

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.

Upon its termination, the Merger Agreement will become void
and have no effect, and none of the Company, Astoria
Financial, any of their respective subsidiaries or any of
the officers or directors of any of them will have any
liability under the Merger Agreement, subject to limited
exceptions specified in the Merger Agreement. The foregoing
description of the termination provisions of the Merger
Agreement does not purport to be complete and is qualified
in its entirety by reference to the full text of the Merger
Agreement. A description of the Merger Agreement is
incorporated by reference from the Form 8-K filed by the
Company on October 29, 2015.

ITEM 9.01	Financial Statements and Exhibits

(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.