NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES ADDITIONAL INDUCEMENT AWARDS

Core Viewpoint - New York Community Bancorp, Inc. has approved employment inducement awards for two new executives as part of their hiring process [1][2]. Group 1: Executive Appointments - Richard Raffetto has been appointed as Senior Executive Vice President and President of Commercial and Private Banking [2]. - Kris Gagnon has been appointed as Senior Executive Vice President and Chief Credit Officer [2]. Group 2: Employment Inducement Awards - Both executives received a one-time stock option grant to acquire 1,000,000 shares of the Company's common stock at an exercise price of $10.48, which is equal to the closing price on the grant date [3]. - The stock options will vest in three equal annual installments on the first, second, and third anniversaries of the grant date [3]. - The inducement awards are made outside of the Company's 2020 Omnibus Incentive Plan but will generally follow similar terms and conditions [4]. Group 3: Company Overview - New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., with total assets of $119.1 billion, loans of $82.4 billion, deposits of $79.0 billion, and total stockholders' equity of $8.4 billion as of June 30, 2024 [5]. - Flagstar Bank operates over 400 branches and has a significant presence in the Northeast and Midwest, as well as locations in high-growth markets in the Southeast and West Coast [6].