ZL
Zack Lomas
Associate Group Director at Signature Bank
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Work Experience
Associate Group Director
Mar 2020 - Present · 4 years and 9 months
Vice President Business Relationship Manager
Aug 2016 - Present · 8 years and 4 months
Assistant Vice President
Jan 2013 - Aug 2016 · 3 years and 7 months
Company Details
5001-10000 Employees
On March 20, 2023, Flagstar Bank, N.A (“Flagstar”), the wholly owned subsidiary of New York Community Bancorp Inc. (“NYCB”), Hicksville, New York, acquired $12.9 billion of Signature Bank’s loans and assumed $38.4 billion in deposits. Flagstar also acquired all 40 of Signature’s branches, which are now operated under the Flagstar name. This announcement is a significant advantage to our clients and their business, as it highlights a partnership of like-minded, client-forward institutions. This transaction provides significant diversification and strength needed in today’s banking system while further advancing NYCB and Flagstar’s strategic plan to transition to a commercial bank model. It also unites the key assets of two banks with complementary strategies to create a commercial bank powerhouse. With this transaction, Flagstar will be one of the larger commercial banks in the country, with a fortress-like balance sheet, strong liquidity, and excellent asset quality metrics. The regulatory approval of the acquisition reflects the strength of the combined institution. Our clients will continue to be serviced by their Private Client Group in the same client-centric single-point-of-contact strategy. The company is headquartered in Hicksville, New York, with regional headquarters in Troy, Michigan and a presence in several major cities across the country. Our goal is to deliver a new energy in finance.
Year Founded
2001
Social Media
LinkedinFacebookTwitter
Industry
Banking
HQ Location
565 Fifth Avenue New York, 10017, US
Keywords
Commercial Banking and Banking
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