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Flagstar Private Bank launches new wealth planning services
Yahoo Finance· 2025-12-10 11:39
Core Insights - Flagstar Private Bank has launched two new wealth-planning services: Family Advisory, Trusts, and Estate Planning, and Insurance, as part of its investment in private client and wealth management [1] - Carly Doshi has been appointed as executive vice president and head of Family Advisory, Trusts, and Estate Planning, while Irene Bowers Blumberg will oversee the insurance product suite [2] Leadership and Strategy - The bank has made significant leadership investments, including the appointment of Mark Pittsey as head of Private Banking and Wealth Management and Brett Mitstifer as chief investment officer, to enhance its wealth capabilities [3] - The appointments reflect the bank's commitment to investing in its people and capabilities to provide a relationship-centered client experience [4] Regional Expansion - Flagstar Private Bank has introduced a regional operating model with coverage across the Northeast, Southeast, and West regions, targeting legal and professional services, community markets, and innovation and private markets [4][5] - The bank has a strong presence in the New York metropolitan area and is expanding its footprint in Florida and California, with new offices planned in Palm Beach and San Francisco by 2026 [5][6]