New York Community Bancorp Inc. (NYB) said that it has priced its underwritten public offering of 60 million shares of its common stock at a price to the public of $13.00 per share. The offering is expected to close on December 11.
The proceeds from the offering will qualify as tangible common equity and Tier 1 regulatory capital, and will be used by the company for general corporate purposes, including capitalizing the growth stemming from its acquisition of the deposits and certain assets of AmTrust Bank.
The company has granted to the underwriters a 30-day option to purchase up to an additional nine million shares to cover over-allotments, if any.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.