The Office of the Comptroller of the Currency (OCC) has approved the merger deal between NYCB and Flagstar Bancorp, however NYCB's acquisition of Flagstar remains subject to the approval of the Federal Reserve Board.
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NYCB Acquires Flagstar Bancorp
Merger increases new firm’s national footprint to 28 states, with nearly 400 traditional branches and 90 loan production offices.
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