HICKSVILLE, N.Y., Aug. 10,
2023 /PRNewswire/ -- Flagstar Bank, N.A. (the
"Bank"), the bank subsidiary of New York Community Bancorp, Inc.
(NYSE: NYCB) (the "Company"), announced today the hiring of
Michele Celestino as Executive Vice
President and Head of Commercial and Private Banking,
Southeast. She joins the Company from First Republic Bank,
where she spent more than 20 years, most recently as Deputy
Regional Managing Director for the Florida market. At First Republic, she
worked with several teams that recently joined Flagstar Bank, N.A.
Overall, she has nearly 30-years of banking experience.
In her new role, Michele will be responsible for hiring and
client acquisitions for the private banking group in the
region.
Commenting on Mrs. Celestino's hire, President and Chief
Executive Officer Thomas R. Cangemi
said, "The Bank already has a strong retail banking presence in
Florida, especially in
Palm Beach, Broward, and Collier counties and has operated successfully
there since 2009. Expanding the private banking model into
the state is a logical next step for us. We look forward to
capitalizing on the opportunities created earlier this year to
deliver our best-in-class, single-point-of-contact model to
high-net worth individuals and business owners in the region."
Eric Howell, Senior Executive
Vice President and President of Commercial and Private Banking
added, "Florida is an ideal market
for Flagstar Bank and Michele is the ideal person to lead this
initiative. She has extensive knowledge of the market and a
superb reputation among both her clients and her peers. I
know she will do an excellent job building out our private banking
model within Flagstar's existing franchise in the state."
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
June 30, 2023, the Company had $118.8
billion of assets, $84.9
billion of loans, deposits of $88.5 billion, and total stockholders'
equity of $11.1 billion.
Flagstar Bank, N.A. operates 436 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 2nd 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 June 30, 2023, while we are
the industry's 5th largest sub-servicer of mortgage loans
nationwide, servicing 1.6 million accounts with
$426 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.