NY Community Bank 'Restructuring' Mortgage Operations
After merger with Flagstar Bank, says it will eliminate 69% of retail mortgage lending offices.
After merger with Flagstar Bank, says it will eliminate 69% of retail mortgage lending offices.
Banks will continue to operate separate retail banking outlets; Flagstar Mortgage included in the deal.
Companies amend the merger agreement to provide that the combined company's banking operations will operate under a national bank charter.
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