Latham & Watkins Advises on New York Community Bancorp, Inc.’s Over US$1 Billion Equity Investment

New York Community Bancorp, Inc. (NYSE: NYCB) (NYCB or the Company) announced that Liberty Strategic Capital, funds managed by Hudson Bay Capital Management, Reverence Capital Partners, Citadel Global Equities, and other institutional investors would make individual investments aggregating to over US$1 billion in the Company. Liberty invested US$450 million, Hudson Bay invested US$250 million, and Reverence invested US$200 million as part of the transaction. The transaction closed on March 11, 2024.

Latham & Watkins LLP represented Jefferies LLC as exclusive financial advisor and sole placement agent to NYCB in the transaction with a New York capital markets team led by partners Marc Jaffe, Ian Schuman, and Andrew Blumenthal, with associate Adam Weber.