Core Viewpoint - Flagstar Financial, Inc. has appointed Lee Smith as the new Senior Executive Vice President and Chief Financial Officer, effective December 27, 2024, following the resignation of current CFO Craig Gifford [1][2][5] Company Overview - Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the United States, headquartered in Hicksville, New York [6] - As of September 30, 2024, the company reported total assets of $114.4 billion, loans amounting to $73.0 billion, deposits of $83.0 billion, and total stockholders' equity of $8.6 billion [6] Leadership Transition - Lee Smith has been with Flagstar since 2013, previously serving as Chief Operating Officer and most recently as President of Mortgage, bringing over 25 years of experience in accounting, finance, mortgage, private equity, and operations [3][4] - Craig Gifford will remain with the company until March 31, 2025, to assist in the transition process [1][5] Board Confidence - Joseph M. Otting, Chairman, President, and CEO, expressed full confidence in Lee Smith's ability to lead the company in his new financial leadership role, highlighting Smith's strong track record and deep knowledge of the company [2][5] Operational Footprint - Flagstar Bank operates over 400 branches, with a significant presence in the Northeast and Midwest, and has approximately 80 private banking teams serving high-net-worth individuals in major metropolitan areas [7]
FLAGSTAR FINANCIAL, INC. NAMES LEE SMITH AS CHIEF FINANCIAL OFFICER