HICKSVILLE, N.Y. - New York Community Bancorp , Inc. (NYSE: NYSE:NYCB), the parent company of Flagstar Bank, N.A., announced today the appointment of Alessandro (Sandro) DiNello as Executive Chairman, effective immediately. DiNello, who has been serving as the non-executive chairman of the board since the acquisition of Flagstar Bank in December 2022, will continue his role on the Board while working closely with the President and CEO, Thomas R. Cangemi, to enhance the bank's operations.
DiNello brings a wealth of experience to his new role, having previously held the position of President and CEO of Flagstar Bank since 2013. His leadership is expected to contribute significantly to the ongoing development of the bank's strategic initiatives.
The announcement coincides with New York Community Bancorp (NASDAQ:CTBI)'s hosting of a conference call today at 8:30 a.m. Eastern Time to discuss the executive changes. The call is accessible to both domestic and international callers and will be available for replay through February 11, 2024. Additionally, the webcast can be accessed on the company's investor relations website and will be archived until March 6, 2024.
New York Community Bancorp is a leading financial institution with $116.3 billion in assets as of December 31, 2023. The company operates 420 branches across various regions, including the Northeast, Midwest, Southeast, and West Coast. It also manages a national mortgage origination business through a network of approximately 3,000 third-party originators, and it offers private banking services through 134 teams in metropolitan New York City and the West Coast.
The bank holds prominent positions in several national businesses, such as multi-family lending and mortgage servicing. It is recognized as the 2nd largest multi-family portfolio lender in the United States and the top lender in the New York City market, specializing in rent-regulated, non-luxury apartment buildings. Additionally, Flagstar Mortgage ranks as the 7th largest bank originator of residential mortgages and the 5th largest sub-servicer of mortgage loans nationwide, servicing accounts with unpaid principal balances totaling $382 billion. The company also stands as the 2nd largest mortgage warehouse lender in the nation based on total commitments.
This executive appointment and financial performance information is based on a press release statement issued by New York Community Bancorp, Inc.
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