Executives at New York Community Bancorp are betting with their own money that they can turn the regional lender's fortunes around.
According to securities filings compiled by Verity Data, seven insiders at the troubled bank have bought NYCB shares this week.
The biggest buy came from director Peter Schoels, who scooped up 100,000 shares .
NYCB 1M mountain Shares of NYCB have been cut in half since late January.
Shares of NYCB were up 16% in afternoon trading Friday.
Persons:
Verity Data, Verity, Alessandro DiNello, Peter Schoels, Schoels
Organizations:
New York Community Bancorp, NYCB, Moody's Investors Service, Bank, Wall Street
Locations:
NYCB