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American Banker: New York Community unveils investment plan tied to Flagstar deal

American Banker, January 24, 2022, New York Community unveils investment plan tied to Flagstar deal

New York Community Bancorp has reached an agreement with a key community advocacy group as it seeks to pave the way for approval of its merger with Flagstar Bancorp.

Under the deal with the National Community Reinvestment Coalition, New York Community will provide $28 billion in loans and other support to neighborhoods and small businesses.

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