New York Community Bancorp Chairman Buys $200,000 in Stock After Tumble

New York Community Bancorp Chairman Alessandro DiNello scooped up more than $200,000 worth of the company’s stock, which has fallen more than 59% so far this year. DiNello bought 50,000 shares at a price of about $4.19 a share, marking a total purchase worth about $209,000. Shares of New York Community Bancorp have sunk over the past two weeks after the regional bank reported a surprise loss and said it was shoring up its balance sheet after its acquisition of Signature Bank last year and losses on its commercial real estate book.