New York Community Bancorp's subsidiary will buy Signature Bank's deposits and loans from U.S. regulators.
The Federal Deposit Insurance Corporation said Flagstar Bank would take over most of Signature Bank's deposits,
some of its loan portfolios, and all 40 of its former branches.
The agency said Signature Bank's $60 billion loans and $4 billion deposits will stay under receivership.
One of two FDIC-received bankrupt banks was addressed Sunday.
Silicon Valley Bank, a far larger bank regulators took over two days before Signature, was not mentioned.
Reuters reported earlier on Sunday that the FDIC would renew its auction for SVB's assets after failing to sell the complete bank.
Flagstar will buy $12.9 billion of Signature Bank loans for $2.7 billion.