<SEC-DOCUMENT>0001157523-17-001865.txt : 20170627
<SEC-HEADER>0001157523-17-001865.hdr.sgml : 20170627
<ACCEPTANCE-DATETIME>20170627114235
ACCESSION NUMBER:		0001157523-17-001865
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170627
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170627
DATE AS OF CHANGE:		20170627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NEW YORK COMMUNITY BANCORP INC
		CENTRAL INDEX KEY:			0000910073
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
		IRS NUMBER:				061377322
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31565
		FILM NUMBER:		17931558

	BUSINESS ADDRESS:	
		STREET 1:		615 MERRICK AVE
		CITY:			WESTBURY
		STATE:			NY
		ZIP:			11590
		BUSINESS PHONE:		7183596400

	MAIL ADDRESS:	
		STREET 1:		615 MERRICK AVE
		CITY:			WESTBURY
		STATE:			NY
		ZIP:			11590

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	QUEENS COUNTY BANCORP INC
		DATE OF NAME CHANGE:	19930802
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51580730.htm
<DESCRIPTION>NEW YORK COMMUNITY BANCORP, INC. 8-K
<TEXT>
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      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 11pt"><b>UNITED
      STATES</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt">Washington,
      D.C. 20549</font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>FORM
      8-K</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt"><b>CURRENT
      REPORT</b></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt">Date
      of Report </font><font style="font-size: 11pt">(Date of earliest event
      reported)</font><font style="font-family: Times New Roman; font-size: 11pt">:
      </font><u><font style="font-family: Times New Roman; font-size: 11pt">June
      27, 2017</font></u><br><br><br><u><font style="font-size: 11pt"><b>NEW
      YORK COMMUNITY BANCORP, INC.</b></font></u><font style="font-size: 11pt"><br style="font-size: 11pt"></font><font style="font-family: Times New Roman; font-size: 11pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto">
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          <p style="margin-top: 0px; margin-bottom: 0px">
            Delaware
          </p>
        </td>
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          &#160;
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        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; width: 24%; border-bottom-width: 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            1-31565
          </p>
        </td>
        <td style="width: 10%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; white-space: nowrap; border-bottom-style: solid; width: 28%; border-bottom-width: 1.0pt; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            06-1377322
          </p>
        </td>
      </tr>
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        <td valign="bottom" style="padding-left: 0.0px; width: 28%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of<br>incorporation or organization)
          </p>
        </td>
        <td style="width: 10%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 24%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Commission File Number
          </p>
        </td>
        <td style="width: 10%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 28%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <u>615 Merrick Avenue, Westbury, New York 11590</u><br>&#160;(Address of
      principal executive offices)<br><br><u>(516) 683-4100</u><br>(Registrant's
      telephone number, including area code)<br><br><u>Not applicable</u><br>&#160;(Former
      name or former address, if changed since last report)<br><br><br>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p>
      <font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font><br><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font><br><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font><br><font style="font-size: 10pt">&#160;&#160;&#160;&#160;&#160;</font><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (17 CFR
      &#167;230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR
      &#167;240.12b-2).
    </p>
    <p>
      Emerging growth company <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act. <font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u>CURRENT REPORT ON FORM 8-K</u>
    </p>
    <p>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">
          Item 7.01
        </td>
        <td style="width: 3%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 89%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Regulation FD Disclosure</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 89%">
          &#160;
        </td>
      </tr>
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        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">

        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 89%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            On June 27, 2017, New York Community Bancorp, Inc. (the &#8220;Company&#8221;)
            announced the strategic sale of its mortgage banking business
            (including its origination and servicing platforms and its
            mortgage servicing rights portfolio) to Freedom Mortgage
            Corporation. Additionally, it announced the receipt of regulatory
            approval from the FDIC to sell the assets covered under its Loss
            Share Agreements and that it had entered into an agreement to sell
            the majority of its one-to-four family residential assets,
            including those covered under the Loss Share Agreements to an
            affiliate of Cerberus Capital Management, L.P. The two
            transactions are expected to close during the third quarter of
            2017, subject to certain closing conditions, and, on a combined
            basis, result in a gain on sale of approximately $90.0 million on
            a pre-tax basis. The news release is attached hereto as Exhibit
            99.1.
          </p>
        </td>
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        </td>
        <td style="width: 3%">

        </td>
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          &#160;
        </td>
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        <td valign="top" style="padding-left: 0.0px; width: 8%; text-align: left">
          Item 9.01
        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 89%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Financial Statements and Exhibits</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 8%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 89%">
          &#160;
        </td>
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        <td valign="top" style="padding-left: 30.0px; width: 8%; text-align: left">
          (d)
        </td>
        <td style="width: 3%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 89%; text-align: left">
          Attached as Exhibit 99.1 is the news release issued by the Company
          on June 27, 2017.
        </td>
      </tr>
    </table>
    </div>
    <p style="margin-left: 60.0px; white-space: nowrap">

    </p>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
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          <hr style="color: black; height: 1.5pt">

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      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u><font style="font-family: Times New Roman; font-size: 10pt">SIGNATURE</font></u><br>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <p style="font-size: 10pt; text-indent: 30.0px; font-family: Times New Roman">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <p style="text-indent: 30.0px">

    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto">
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        <td valign="top" style="padding-left: 0.0px; width: 5%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>June 27, 2017</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            NEW YORK COMMUNITY BANCORP, INC.
          </p>
        </td>
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        <td style="width: 5%">

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          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 50%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 45%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ Salvatore J. DiMartino</u>
          </p>
        </td>
      </tr>
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        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Salvatore J. DiMartino
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            First Senior Vice President
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 50%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Director, Investor Relations and Strategic Planning
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; text-indent: 0pt; margin-left: 0pt; margin-bottom: 10pt; width: 100%">
      <div>
        <div style="text-align: left">

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        <div style="text-align: center">

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          <hr style="color: black; height: 1.5pt">

        </div>
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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <u>EXHIBIT INDEX</u><br><br>
    </p>
    <div style="text-align:center">
    <table cellspacing="0" style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%; margin-left:auto;margin-right:auto">
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 20%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit Number</u>
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 20%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 20%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Exhibit 99.1
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 80%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            News release issued by the Company on June 27, 2017.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51580730ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <u><font style="font-family: Times New Roman; font-size: 12pt"><b>New
      York Community Bancorp, Inc. Announces Strategic Sale of Mortgage
      Banking Business and Residential Assets Covered under FDIC Loss Share
      Agreement</b></font></u>
    </p>
    <p>
      WESTBURY, N.Y.--(BUSINESS WIRE)--June 27, 2017--New York Community
      Bancorp, Inc. (NYSE: NYCB) (the &#8220;Company&#8221; or &#8220;New York Community&#8221;) today
      announced that it has entered into an agreement to sell its mortgage
      banking business, which was acquired as part of its 2009 FDIC-assisted
      acquisition of AmTrust Bank, to residential mortgage industry leader,
      Freedom Mortgage Corporation (&#8220;Freedom&#8221;). Freedom will acquire both our
      origination and servicing platforms, as well as our mortgage servicing
      rights portfolio with a current aggregate unpaid principal balance of
      approximately $21.0 billion. It is expected that Freedom will retain
      certain employees from the Company&#8217;s Cleveland, Ohio mortgage banking
      business and plans to maintain operations in the area.
    </p>
    <p>
      Additionally, the Company has received approval from the FDIC to sell
      the assets covered under our Loss Share Agreements (the &#8220;LSA&#8221;) and we
      have entered into an agreement to sell the majority of our one-to-four
      family residential mortgage-related assets, including those covered
      under the LSA, to an affiliate of Cerberus Capital Management, L.P.
      (&#8220;Cerberus&#8221;), one of the world&#8217;s leading private investment firms. On
      the sale, the head of Residential Mortgage Investing and a Senior
      Managing Director of Cerberus, Joshua Weintraub stated, &#8220;Cerberus is
      pleased to announce the consummation of this transaction with New York
      Community. This deal demonstrates the market leading ability of
      Cerberus, along with its affiliated asset management company, FirstKey
      Mortgage, LLC, to partner with financial institutions to achieve
      mutually beneficial outcomes for certain mortgage assets.&#8221; As of March
      31, 2017, the carrying value of these assets was approximately $1.9
      billion.
    </p>
    <p>
      The transactions are expected to close during the third quarter of 2017,
      subject to certain closing conditions, and, on a combined basis, result
      in a gain on sale of approximately $90.0 million on a pre-tax basis.
    </p>
    <p>
      Commenting on the sale, President and Chief Executive Officer, Joseph R.
      Ficalora stated, &#8220;The decision to sell the mortgage banking business
      comes after many months of careful evaluation with our Board of
      Directors and our outside advisors. Selling to a large, national,
      full-service mortgage banking company that would keep certain employees
      and maintain operations in the region were important considerations
      during the evaluation process. Our presence in Ohio is an important
      component of our business strategy, and following the sale of the
      mortgage banking business, we will continue to have 28 branches, $2.0
      billion in deposits, and more than 400 employees in Ohio.&#8221;
    </p>
    <p>
      Mr. Ficalora added, &#8220;The actions we are announcing today are consistent
      with our strategic objectives. They allow us to focus on our core
      business model, including growth through acquisitions, generate
      liquidity which will be redeployed into higher-earning assets, enhance
      our returns through improved efficiencies, and reposition our balance
      sheet. More importantly, they will enhance shareholder value through
      earnings and tangible book value accretion on an ongoing basis.&#8221;
    </p>
    <p>
      Bank of America Merrill Lynch is acting as the exclusive financial
      advisor to the Company and Sullivan &amp; Cromwell LLP and Dechert LLP are
      serving as legal counsel to the Company in the aforementioned
      transactions.
    </p>
    <p>
      <u><b>About New York Community Bancorp, Inc.</b></u>
    </p>
    <p>
      One of the largest U.S. bank holding companies, with assets of $48.8
      billion, New York Community Bancorp, Inc. is a leading producer of
      multi-family loans on non-luxury, rent-regulated apartment buildings in
      New York City, and the parent of New York Community Bank and New York
      Commercial Bank. With deposits of $28.7 billion and 255 branches in
      Metro New York, New Jersey, Florida, Ohio, and Arizona, the Company also
      ranks among the largest U.S. depositories.
    </p>
    <p>
      Reflecting its growth through a series of acquisitions, New York
      Community Bank currently operates through seven local divisions, each
      with a history of service and strength: Queens County Savings Bank,
      Roslyn Savings Bank, Richmond County Savings Bank, and Roosevelt Savings
      Bank in New York; Garden State Community Bank in New Jersey; Ohio
      Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.
      Similarly, New York Commercial Bank currently operates 18 of its 30 New
      York-based branches under the divisional name Atlantic Bank.
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br>New York Community Bancorp, Inc.<br>Investors:<br>Salvatore
      DiMartino, 516-683-4286<br>or<br>Media:<br>Kelly Maude Leung,
      516-683-4032
    </p>
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