HICKSVILLE, N.Y., July 20,
2023 /PRNewswire/ -- Flagstar Bank, N.A. (the
"Bank"), the bank subsidiary of New York Community Bancorp, Inc.
(NYSE: NYCB) (the "Company") today announced that six private
client banking teams have joined the Bank from the former First
Republic Bank. Three of the teams are based on the West Coast and
three teams are based in New York
City. These additions bring the total number of private
client banking teams as of June 30,
2023 to 127, including 92 in the Northeast and 35 on the
West Coast, with offices in over 10 cities across the country.
Commenting on the new teams, President and Chief Executive
Officer Thomas R. Cangemi stated,
"We are extremely pleased to welcome these new private banking
teams to the organization. Flagstar Bank, N.A. is creating a first
of its kind Commercial and Private Banking division, dedicated to
delivering best-in-class service to a loyal client base consisting
primarily of high net worth individuals and their businesses. These
six teams are regarded as among some of the best in the industry.
The fact that they opted to join Flagstar Bank, N.A. is a testament
to our business model and strong reputation in the marketplace. At
First Republic, these teams attracted both deposits, especially
non-interest-bearing deposits, as well as loans, and we look
forward to their clients banking with our Company."
Eric Howell, Senior Executive
Vice President and President of Commercial and Private Banking
added, "These new teams blend perfectly with our legacy private
client teams. We both have a shared culture of providing
personalized products and services via a high-touch,
single-point-of-contact model and meeting clients' every financial
need. We expect these teams to benefit the Bank from the
onset."
The following six private client teams have joined Flagstar
Bank, N.A.:
Jason Birnbaum, Gary Farro, and Alex
Bolton have joined as Executive Vice Presidents and Managing
Group Directors, after having worked together at First Republic
Bank for many years and will lead a group of 16 teammates.
The team is based in both midtown Manhattan as well as Boston and focused on meeting the needs of a
wide array of clients, including high net worth individuals,
private equity firms, and other professional service firms.
Formerly, Jason was a Senior Managing Director at First Republic,
where he served for 16 years. Gary was an Executive Managing
Director for 15 years, while Alex also served as a Managing
Director for three years.
Douglas McNulty has joined as
Senior Vice President and Group Director and is also based in
midtown Manhattan and leads a
group of three teammates who have worked together for two
decades. Doug is a career commercial banker with 30 years of
overall experience and deals with all types of clients including
high net worth individuals and their privately held businesses as
well as family offices and business managers to clients in the
entertainment industry.
Basant Kedia has joined as
Executive Vice President and Managing Group Director leading a team
in the Silicon Valley region. Previously, he was a Senior
Managing Director at First Republic, where he and his team worked
for 12 years focusing on high net worth individuals and their
businesses in the technology space, including venture firms.
Michael Manneh has joined as
Executive Vice President and Managing Group Director leading a team
also located in the Silicon Valley region. Michael spent his entire
21-year banking career at First Republic Bank, where he was most
recently Senior Managing Director. His team's focus is on
entrepreneurs and high net worth individuals, and venture
firms.
Kenneth Kearns has joined as
Executive Vice President and Managing Group Director in the
San Francisco's East Bay area,
where he is leading a team of 16 bankers focusing on high net worth
individuals, including executives and business managers for
professional athletes, as well as high-end realtors, developers and
builders, and professional services firms and their principals.
Previously, he was a Senior Managing Director at First Republic
Bank, where he spent the past 11 years.
In addition, Erin Fitzsimmons has
joined as Managing Group Director and Senior Vice President of the
Professional Loan Group. Based in our New York City office, Erin and her team of 13
bankers will develop specialized lending solutions for professional
service firms and their employees in order to meet co-investment
and/or capital needs. Erin spent 18 years at First Republic
Bank, most recently as a Senior Managing Director, Head of
Professional Loan Programs and Deputy Head of Eagle Lending.
About New York Community Bancorp, Inc.
New York Community Bancorp, Inc. is the parent company of
Flagstar Bank, N.A., one of the largest regional banks in the
country. The Company is headquartered in Hicksville, New York with regional
headquarters in Troy, Michigan. At
March 31, 2023, the Company had
$123.8 billion of assets,
$83.3 billion of loans, deposits of
$84.8 billion, and total
stockholders' equity of $10.8
billion.
Flagstar Bank, N.A. operates 435 branches, including strong
footholds in the Northeast and Midwest and exposure to high growth
markets in the Southeast and West Coast. Flagstar Mortgage operates
nationally through a wholesale network of approximately 3,000
third-party mortgage originators. In addition, the Bank has 127
private banking teams located in over 10 cities in the metropolitan
New York City region and on the
West Coast, which serve the needs of high-net worth individuals and
their businesses.
New York Community Bancorp, Inc. has market-leading positions in
several national businesses, including multi-family lending,
mortgage origination and servicing, and warehouse lending. The
Company is the second-largest multi-family portfolio lender in the
country and the leading multi-family portfolio lender in the
New York City market area, where
it specializes in rent-regulated, non-luxury apartment buildings.
Flagstar Mortgage is the 8th largest bank originator of residential
mortgages for the 12-months ending March 31,
2023, while we are the industry's 6th largest sub-servicer
of mortgage loans nationwide, servicing 1.5 million accounts with
$363 billion in unpaid principal
balances. Additionally, the Company is the 2nd largest mortgage
warehouse lender nationally based on total commitments.
Investor and Media
Contact:
|
Salvatore J.
DiMartino
|
|
(516)
683-4286
|
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SOURCE New York Community Bancorp, Inc.