Still No Word on Fate of AmTrust's Wholesale Division

New York Community Bank has yet to make a final decision on what it will do with the wholesale lending division of AmTrust Bank, until recently one of the largest table funders in the nation. NYCB chief executive and president Joseph Ficalora said the company is working closely with the FDIC regarding AmTrust's assets. He said no immediate decisions will be made. "The values present in those lines of business are real," Mr. Ficalora said. Ten days ago NYCB bought the Cleveland-based thrift after the government seized the insolvent lender. According to the Quarterly Data Report, AmTrust ranked eighth among wholesalers in the third quarter, table funding $2.87 billion through loan brokers. The prior quarter it ranked third nationwide.

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