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A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar
A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. Mike Segar
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NYCB total deposits drop 7% to $77.2 billion, shares fall

March 7th, 2024 | 12:29 PM MARKETS U.S. Markets 1

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By Reuters

New York Community Bancorp (NYCB.N) disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell.

The lender also said its strategic initiatives for the year include lowering its commercial real estate exposure.

NYCB on Wednesday said it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO.

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