New York Bancorp changes name to its subsidiary Flagstar Financial

(Reuters) – New York Community Bancorp said on Tuesday it has changed its name to Flagstar Financial and its stock symbol to “FLG.”

Flagstar Bank is a subsidiary of New York Community Bancorp and was bought by the troubled lender back in 2021 for $2.6 billion.

The name change will become effective on Oct. 25.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Alan Barona)