Data / Bank failures / 2023 / Signature Bank
Signature Bank, New York, NY: failed March 12, 2023
Signature Bank in New York, New York, failed on March 12, 2023. Flagstar Bank, N.A. of Hicksville, NY, took over its deposits. It held $110.36 billion in assets and $88.61 billion in deposits at its last report. By assets it was the 3rd largest of 5 banks closed or assisted in 2023.
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The FDIC's record
- Closed
- March 12, 2023
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Flagstar Bank, N.A., Hicksville, NY
- Total assets
- $110,363,650,000
- Total deposits
- $88,612,911,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57053
All bank failures in 2023 · All bank failures in New York · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.