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FDIC-run Signature Bridge Bank sells 20% stake in entity holding $9 billion CRE portfolio

  • December 20, 2023
  • 2 minute read
  • 3,250 Views
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(Reuters) – The Federal Deposit Insurance Corporation, as the receiver of the failed Signature Bank (OTC:SBNY), said on Wednesday it has sold a 20% equity stake in the entity that holds a $9 billion real estate loan portfolio.

The FDIC receiver added it will retain an 80% equity interest in the venture.

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