FLAGSTAR BANK EXPANDS COMMERCIAL AND PRIVATE BANKING LEADERSHIP TEAM WITH KEY EXECUTIVE APPOINTMENTS

Core Viewpoint - Flagstar Bank, a subsidiary of New York Community Bancorp, has expanded its Commercial and Private Banking leadership team by appointing four senior executives to enhance client coverage and advance product capabilities [1][7]. Group 1: New Appointments - Joe Abruzzo has been appointed as Executive Vice President and Head of Regional Commercial Banking & Corporate Banking, bringing nearly 40 years of experience from JPMorgan, HSBC, and Santander [2][3]. - Rita Dailey joins as Executive Vice President, Head of Commercial Deposits & Payment Solutions, with 30 years of experience in client relationships and product design, previously at Bank of the West [4]. - Mike Mason has been appointed as Executive Vice President, Head of Credit Products, Commercial and Private Banking, with over 30 years in credit risk management and product development, previously at City National Bank [5]. - Matt Dalany is now Senior Vice President, Head of Specialized Industries Credit Products, with extensive experience in credit underwriting and risk governance, previously at MUFG [6]. Group 2: Strategic Focus - The new leadership team aims to enhance personalized service, expert advice, product capabilities, and credit risk management, aligning with Flagstar's client-centric model [7]. - The appointments reflect the company's commitment to strengthening its Commercial and Private Banking strategy, which is central to its business model [1][7]. Group 3: Company Overview - New York Community Bancorp, Inc. is the parent company of Flagstar Bank, which had $119.1 billion in assets, $82.4 billion in loans, and $79.0 billion in deposits as of June 30, 2024 [8]. - Flagstar Bank operates over 400 branches, with a significant presence in the Northeast and Midwest, and has approximately 90 private banking teams serving high-net-worth individuals [8].