New York Community Bank (NYCB) has acquired a substantial portion of the recently failed Signature Bank in a deal worth $2.7 billion, according to the Federal Deposit Insurance Corporation (FDIC). The transaction includes NYCB acquiring $38.4 billion of the New York-based Signature Bank’s assets, which is around one-third of the bank’s $110 billion total assets prior to its failure. Starting on Monday, 40 of Signature Bank’s branches will be renamed to Flagstar Bank, which is a subsidiary of New York Community Bank. The FDIC added that around $60 billion in loans from Signature Bank will remain in receivership and will be sold at a later time. The acquisition of Signature Bank comes just days after Silicon Valley Bank (SVB) also collapsed, making it the second-largest collapse in U.S. history, while Signature Bank’s failure is now ranked as the third-largest in U.S. history.

Recap: Libby enjoys Shabbos with her two foster children and her niece. After Shabbos, Mrs. Kahn calls to let her know that Sabrina’s and Marnie’s mother is planning to come visit them before Pesach. Libby doesn’t want her to come.

Students from Two Dozen Local Colleges ‘Hack it Together’ in Annual Women’s Programming Competition

More than 100 students from 24 colleges in New York and New Jersey gathered at Touro’s Lander College for Women/The Anna Ruth and Mark Hasten School (LCW) last month for the college’s annual all-female Hackathon. Over the course of 12 hours, the students collaborated with teammates in a competition to solve real-world problems faced by companies and organizations of all sizes by utilizing coding and creative programming skills.


 Sayfullo Saipov, who killed eight people in a 2017 terrorist truck attack on a Hudson River bike path, has been sentenced to life in prison after a Manhattan federal jury deadlocked as they decided his fate. On Monday, jurors told Judge Vernon S. Broderick that they could not agree on whether to impose the death penalty, as the government had sought. Under the law, a unanimous verdict was required for capital punishment. The verdict followed a two-month trial during which Mr. Saipov, 35, was convicted on Jan. 26 of all 28 counts he faced, including nine that carried a maximum sentence of death. The trial was the first federal death penalty trial during the administration of President Biden, who had campaigned against capital punishment. Prosecutors, in seeking the death penalty, had cited such factors as Mr. Saipov’s premeditation and planning, his lack of remorse, the danger they said he would pose in prison and that he carried out the attack to further the ideological goals of the Islamic State. The last state execution was in 1963 in New York, where executions are even rarer, and the last federal executions were in the early 1950s. The families of the slain victims and those who survived the attack “Their pain and grief endures,” Damian Williams, the U.S. attorney for the Southern District of New York, said in a statement.