Flagstar Financial Inc. has officially become the new name for New York Community Bancorp Inc. starting Monday.
The company went through a challenging period, with a significant decline in share prices and two CEO replacements within a week.
New York Community Bancorp Inc., based in Hicksville, New York, has expanded its operations in recent years, including the acquisition of Flagstar Bancorp Inc. in 2022.
The rebranding aims to create a unified identity and vision for the company, as it already operated branches under the Flagstar brand.