March 7 (Reuters) - New York Community Bancorp (NYCB.N) , opens new tab disclosed on Thursday it held deposits of $77.2 billion, down roughly 7% from the $83 billion it had on Feb. 5, sending its shares down 3.3% before the bell.

The lender also said its strategic initiatives for the year include lowering its commercial real estate exposure.

NYCB on Wednesday said it had raised $1 billion from investors including former U.S. Treasury Secretary Steven Mnuchin's Liberty Strategic Capital and named a former Comptroller of the Currency its new CEO.

https://www.reuters.com/markets/us/nycb-total-deposits-drop-7-772-billion-shares-fall-2024-03-07/