The Dodd-Frank Act has Joseph Ficalora swearing off the type of small-bank takeovers that built New York Community Bancorp (NYB).

Ficalora — after striking 11 deals in 12 years — wants his next purchase to vault his $43.5 billion-asset thrift well over the $50 billion-asset threshold set in Dodd-Frank. The reform law imposes tougher supervisory and capital rules on such "systemically important" institutions.

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