New York Community Bancorp (NYCB) is hoping its stellar reputation buys it some grace as it gets closer to entering the realm of the country's largest banks.

The Westbury company, with $47.6 billion in assets, is nearing the $50 billion threshold where regulators will consider it a systemically important financial institution. With that designation comes a slew of added oversight and rules as to how the company operates and how management manages its capital.

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