NYCB Secures $1B Investment and New Leadership in Deal with Otting, Mnuchin Group
- NYCB closed $1 billion capital infusion deal with investor group including Otting, Mnuchin, and others
- Otting named as new NYCB CEO as part of deal; Mnuchin, Berlinski, Puwalski added as directors
- NYCB reducing board size to 10 members
- NYCB shares rose 5.8% to $3.44 in extended trading on news
- NYCB plans to submit proposal for 1-for-3 reverse stock split to shareholders
