Failed Bank Information for Signature Bank, New York, NY

Depositors of Signature Bridge Bank, N.A., other than depositors related to the digital banking business, will automatically become depositors of Flagstar Bank, N.A. All deposits assumed by Flagstar Bank, N.A., will continue to be insured by the FDIC up to the insurance limit. Customers whose accounts are associated with the digital banking business should reach out to Flagstar Bank, N.A.

You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.

EDIE — Electronic Deposit Insurance Estimator
Calculate insurance coverage of deposit accounts

Facts for Depositors
General information explaining the role of FDIC

You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change. You may continue to send your payments to the same payment address with checks made payable to Signature Bank. You will receive a letter advising you of any changes.

If you received notice that the FDIC retained your loan, and you have questions, please send an email to FDIC_Loans@fdic.gov, or visit the FDIC Information and Support Center.

Obtaining a Lien Release
Process on getting a release of lien

Borrower’s Guide to an FDIC Insured Bank Failure
Overview of how FDIC processes loans

Facts for Borrowers
General information explaining the role of FDIC

You may be eligible to file a claim against the FDIC as Receiver.

If you have not been paid for services rendered prior to March 20, 2023, please refer to the Filing Claims section below.

Facts for Creditors
General information explaining the role of FDIC

About Flagstar Bank, N.A.
The 40 former branches of Signature Bank will operate under New York Community Bancorp's Flagstar Bank, N.A., on Monday, March 20, 2023. The branches will open during their normal business hours. Customers of Signature Bridge Bank, N.A., should continue to use their current branch until they receive notice from the assuming institution that full-service banking is available at branches of Flagstar Bank, N.A.

All transferred deposits will be separately insured from any accounts you may already have at Flagstar Bank, N.A. for at least six months after the failure of Signature Bank. Checks that were drawn on Signature Bank that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.

Flagstar Bank, N.A., will review deposit rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Flagstar Bank, N.A. as long as the deposits are not pledged as collateral for loans.

Contacting Flagstar Bank, N.A.
Flagstar Bank, N.A.
102 Duffy Avenue
Hicksville, NY 11801

Flagstar Bank, N.A. (www.flagstar.com)

Transaction Documentation
Purchase & Assumption Agreement – PDF
Agreement between FDIC and the acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Bridge Transfer Agreement - PDF

Brokered Accounts
All brokered deposits have been assumed by Flagstar Bank, N.A. If you are a customer who has a Signature Bank or a Signature Bridge Bank, N.A. deposit through a broker, you must contact your broker with any questions.

Deposit Broker's Processing Guide

Automatic Payments/Bill Pay/Online Banking
These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by Flagstar Bank, N.A.

ATM and Debit Cards
Your ATM/Debit card will continue to work as usual.

Checks
Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). Flagstar Bank, N.A. will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.

Direct Deposit
All direct deposits, for example, social security, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.

Certificates of Deposit (CDs)
Interest on deposits accrued through close of business on March 20, 2023, will be paid at your same rate. Signature Bridge Bank, N.A. rates will be reviewed by Flagstar Bank, N.A. and you will be notified in writing of any changes. You may withdraw funds from any transferred account without early withdrawal penalty until you enter into a new deposit agreement with Flagstar Bank, N.A.

Overdraft Lines of Credit
These lines have been transferred to Flagstar Bank, N.A. Please contact Flagstar Bank, N.A. if you have additional questions regarding your accounts.

Safe Deposit Boxes
You will have access to your safe deposit boxes; however, you should call your branch to arrange an appointment. Any changes will be communicated by Flagstar Bank, N.A.

Tax Reporting — 1098 and/or 1099
Signature Bridge Bank, N.A. or Flagstar Bank, N.A. will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.

Creditors
If you or your company provided a service or product, leased space, furniture, or equipment to Signature Bank prior to March 12, 2023, and have not been paid, you may have a claim against Signature Bank.

If you or your company provided a service or product, leased space, furniture, or equipment to Signature Bridge Bank, N.A. between March 12, 2023, and March 20, 2023, and have not been paid, you may have a claim against Signature Bridge Bank N.A.

Any party/claimant who wishes to submit a receivership claim for #10540, Signature Bank, or #10541, Signature Bridge Bank, N.A., may do so either electronically or by mail. To avoid delays, however, you are encouraged to utilize the Non-Deposit FDIC Claims Portal, or the FDIC Claims email address at nondepclaimsdal@fdic.gov. All methods for filing a claim against these receiverships are noted below.

Please note: There are time limits for filing a claim. Your claim must be filed on or before 07/17/2023 (the "Claims Bar Date").

Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).

NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.

Priority of Claims
In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

1. Depositors
2. General Unsecured Creditors
3. Subordinated Debt
4. Stockholders