First Mover Americas: Bitcoin, as Safety Play, Climbs Past $28K
Non-crypto-related deposits held by former Signature Bank (now Signature Bridge Bank) will be assumed by Flagstar Bank, a subsidiary of New York Community Bancorp, as of Monday under a purchase and assumption agreement, the Federal Deposit Insurance Corp. said in a press release on Sunday. Signature Bridge Bank depositors – other than depositors related to the digital banking business – will automatically become depositors of Flagstar, and will continue to be insured by the FDIC up to the insurance limit. Flagstar Bank’s bid didn’t include $4 billion of deposits related to the former Signature Bank’s digital banking business.
