New York Community Bank Issues Almost 5 Million Shares in Securities Exchange
Long Island Business News › August 28, 2009
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Summary
New York Community Bank is issuing about 4.8 million new common shares in exchange for about 1.4 million equity securities as part of a swap deal announced last month.
The 1.4 million units represent 25 percent of the $275 million in securities the Westbury-based bank said it would exchange, in a move to boost capital ratios and increase profit margins.See the full content of this document
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New York Community Bank Issues Almost 5 Million Shares in Securities Exchange
Participation in the exchange came in at the low end of expec...
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