Following the collapse of Signature Bank on March 12, the Federal Deposit Insurance Corporation established a bridge bank, Signature Bridge Bank, N.A., similar to how Silicon Valley Bank, N.A. was established after the failure of Silicon Valley Bank just three days prior. The bank only existed for eight days before Flagstar Bank acquired $12.9 billion of their loans, assumed $38.4 billion in deposits, and acquired all of their branches. All of the bridge bank's operations have since been merged into Flagstar Bank.
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