NY Community Bancorp nets $864.6M in stock sale

AP News
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Posted: Dec 15, 2009 12:51 PM

New York Community Bancorp Inc. said Tuesday it has made $864.6 million from its public offering after the underwriters exercised their overallotment option.

The bank holding company said the underwriters have agreed to purchase 9 million shares at $13 per share. The company sold 60 million shares to the public last week.

The company has said it plans to use the proceeds for general corporate purposes. Shares of New York Community Bancorp fell 17 cents to $13.31 in midday trading.