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NYCB total deposits drop 7% to $77.2 billion, shares fall

Published 03/07/2024, 07:29 AM
Updated 03/07/2024, 07:31 AM
© Reuters. A sign is pictured above a branch of the New York Community Bank in Yonkers, New York, U.S., January 31, 2024. REUTERS/Mike Segar/File Photo
NYCB
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(Reuters) - New York Community Bancorp (NYSE:NYCB) 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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