Core Viewpoint - Flagstar Bank is significantly expanding its Specialized Industries Group, which consists of 12 distinct industry verticals aimed at enhancing client service and driving growth through tailored financial solutions [1][2][3] Group Overview - The Specialized Industries Group is led by Adam Feit and is integral to Flagstar's growth strategy, emphasizing industry expertise and relationship-driven client service [2][3] - The group aims to provide strategic guidance, capital access, and product support tailored to each client's business model and market conditions [2] Key Industry Verticals - Subscription Finance: Focuses on private equity and venture capital, led by Dan Koch, who has over 20 years of experience in fund finance [4][5] - Technology, Media & Communications (TMC): Led by David Sozio, this vertical leverages over 25 years of industry experience to support clients across the TMC ecosystem [6][7] - Entertainment: Managed by Crockett Woodruff, this team specializes in financing for film, TV, music, and live events, drawing on over 20 years of experience [8][9] - Sports: Led by Amit Mahajan, this vertical focuses on financing solutions for professional sports leagues and teams, with over 27 years of industry experience [10][11] - Power & Renewables: Jerry Wells leads this team, which specializes in financing clean energy projects, leveraging over 15 years of experience [12][13] - Oil & Gas: Managed by Michael Dombroski, this vertical provides capital solutions for energy companies, with over 20 years of experience [14][15] - Insurance: Led by David Albanesi, this team offers tailored financial solutions for insurance firms, drawing on 30 years of industry experience [16][17] Additional Verticals - Other active verticals within the Specialized Industries Group include Sponsor Finance, Lender Finance, Franchise Finance, Healthcare Finance, and Asset-Based Lending (ABL), each led by seasoned experts [18] Company Overview - Flagstar Financial, Inc. is headquartered in Hicksville, New York, and as of March 31, 2025, had $97.6 billion in assets, $67.1 billion in loans, and $73.9 billion in deposits [19]
FLAGSTAR BANK EXPANDS SPECIALIZED INDUSTRIES GROUP TO ACCELERATE INDUSTRY-FOCUSED, RELATIONSHIP-LED C&I LOAN GROWTH