That's when the trouble began. New York Community Bancorp wasn't prepared for the swift growth in its business. Larger banks are subject to greater regulatory scrutiny and New York Community Bancorp's internal controls weren't ready for the added requirements and added scrutiny. A sign of that fact arrived fairly quickly when the company announced that some large loans it made were in trouble. To shore up its balance sheet the company cut its dividend twice, with it now sitting at just $0.01 per share per quarter.