ERIC HOWELL TO TRANSITION TO A NON-EXECUTIVE
ADVISORY ROLE
HICKSVILLE, N.Y., Nov. 9, 2023
/PRNewswire/ -- Flagstar Bank, N.A. ("Flagstar"), the bank
subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB) (the
"Company") announced today the appointment of Jason Birnbaum to Executive Vice President and
President of the Private Bank effective immediately. In his new
role, Jason will be responsible for the day-to-day management and
oversight of all private client banking teams. He joined Flagstar
earlier this year from First Republic Bank, after a 16-year tenure,
where he led a team of private bankers, catering to a wide variety
of clients, including high-net worth individuals and their
businesses. With more than 25 years' experience in private banking,
he is a well-respected industry veteran with a proven track record
in winning and growing businesses. He succeeds Senior Executive
Vice President and President of Commercial and Private Banking,
Eric Howell, who will transition to
a non-executive advisory role for the Company.
Senior Executive Vice President and President of Banking,
Reggie Davis will assume
responsibility and oversight of the Private Banking Group, with
Jason reporting directly to him. Mr. Davis stated, "The
Private Banking Group is a core business at Flagstar, with talented
and dedicated teammates, who deliver tremendous value to their
clients, and that will not change. I look forward to working with
Jason in developing a best-in-class single-point-of-contact
private client model with a one bank, one team client-focused
approach."
Commenting on the changes, President and Chief Executive
Officer, Thomas R. Cangemi stated,
"I am thankful to Eric for his contribution and commitment to
helping clients and teammates succeed during his short time at
Flagstar. I look forward to his continued contributions as a valued
advisor and everyone at the Company wishes him continued
success."
"Jason possesses the necessary business acumen and expertise for
this role and has demonstrated the ability to motivate and inspire
his teams to success. I am confident that, working closely with
Reggie, Jason will strengthen and elevate our Private Banking
Group," said Mr. Cangemi.
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
September 30, 2023, the Company had $111.2 billion of assets, $85.9 billion of loans, deposits of $82.7 billion, and total stockholders'
equity of $11.0 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 134
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 7th largest bank originator of residential
mortgages for the 12-months ending September 30, 2023, while
we are the industry's 5th largest sub-servicer of mortgage loans
nationwide, servicing 1.6 million accounts with
$412 billion in unpaid principal balances. Additionally, the
Company is the 2nd largest mortgage warehouse lender nationally
based on total commitments.
Investor/Media Contact:
Salvatore J. DiMartino
(516) 683-4286
View original content to download
multimedia:https://www.prnewswire.com/news-releases/jason-birnbaum-appointed-president-of-the-private-bank-at-flagstar-bank-na-301983296.html
SOURCE New York Community Bancorp, Inc.