The Firm represented New York Community Bancorp in its agreement to sell $5 billion in warehouse loans to JPMorgan Chase Bank, N.A.
New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York. On March 31, 2024, the Company had $112.9 billion of assets, $83.3 billion of loans, deposits of $74.9 billion, and total stockholders' equity of $8.4 billion.
The Simpson Thacher team includes Sven Mickisch, Matt Nemeroff, Tim Gaffney, Brian Christiansen, Julian Alsarhn and Logan Duffy (M&A and Financial Institutions) and Patrick Ryan, Michael Ratay and Kyle Nelson (Banking and Credit).