Flagstar Bank to assume deposits of Signature Bridge Bank from the FDIC
We are advising Signature on the acquisition of substantially all of its deposits and certain assets by the NYCB subsidiary
Davis Polk advised Signature Bridge Bank, N.A. on various legal, regulatory and corporate governance matters related to its creation, operation and exit from bridge bank status.
The Davis Polk team was led by Margaret E. Tahyar, head of the firm’s financial institutions practice, and financial institutions partner Gabriel D. Rosenberg. The financial institutions team also included counsel Daniel E. Newman and associates Kirill Lebedev, Tyler X. Senackerib, Eric Wall, Mary Jane Dumankaya, Leon Jiang and Zachary T. Stone. The capital markets team included associate Rahul K. Patel. All members of the Davis Polk team are based in the New York office.