ir.mynycb.com
Open in
urlscan Pro
2606:4700:7::a29f:820b
Public Scan
Submitted URL: https://link.bankingdive.com/click/34529074.44478/aHR0cHM6Ly9pci5teW55Y2IuY29tL25ld3MtYW5kLWV2ZW50cy9uZXdzLXJlbGVhc2VzL3ByZXN...
Effective URL: https://ir.mynycb.com/news-and-events/news-releases/press-release-details/2024/NEW-YORK-COMMUNITY-BANCORP-INC.-APPOINT...
Submission: On March 01 via api from US — Scanned from DE
Effective URL: https://ir.mynycb.com/news-and-events/news-releases/press-release-details/2024/NEW-YORK-COMMUNITY-BANCORP-INC.-APPOINT...
Submission: On March 01 via api from US — Scanned from DE
Form analysis 1 forms found in the DOM
POST default.aspx
<form action="default.aspx" method="post" id="fmForm1">
<div class="aspNetHidden">
<input type="hidden" name="__EVENTTARGET" id="__EVENTTARGET" value="">
<input type="hidden" name="__EVENTARGUMENT" id="__EVENTARGUMENT" value="">
<input type="hidden" name="__VIEWSTATE" id="__VIEWSTATE" value="">
</div>
<script type="text/javascript">
//<![CDATA[
var theForm = document.forms['fmForm1'];
if (!theForm) {
theForm = document.fmForm1;
}
function __doPostBack(eventTarget, eventArgument) {
if (!theForm.onsubmit || (theForm.onsubmit() != false)) {
theForm.__EVENTTARGET.value = eventTarget;
theForm.__EVENTARGUMENT.value = eventArgument;
theForm.submit();
}
}
//]]>
</script>
<script type="text/javascript">
//<![CDATA[
function GetViewType() {
return '2';
}
function GetRevisionNumber() {
return '1';
}
function GetLanguageId() {
return '1';
}
function GetVersionNumber() {
return '5.117.0.11';
}
function GetPoweredBy() {
return 'q4inc';
}
function GetViewDate() {
{
return '';
}
}
function GetSignature() {
{
return '';
}
}
//]]>
</script>
<div class="layout layout--one-column">
<div class="layout_inner">
<div class="layout_header">
<div class="pane pane--header grid--no-gutter">
<div class="pane_inner"><span class="HeaderPaneDiv"><span class="HeaderPaneDiv1">
<div id="_ctrl0_ctl06_divModuleContainer" class="module module-embed module-skip">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<a class="module-skip_link" href="#maincontent">Skip to main content</a>
</div>
</div>
</div>
</span><span class="HeaderPaneDiv2">
<div id="_ctrl0_ctl09_divModuleContainer" class="module module-embed module-logo grid_col grid_col--2-of-5">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<div class="module-logo-container left-side">
<a href="/Home/default.aspx"><img src="https://ir.mynycb.com/files/design/Bancorp-Flagstar-logos.png" alt="New York Community Bancorp and Flagstar"></a>
</div>
<!-- <div class="module-logo-container right-side">
<h4 style="margin: 0 !important; color: #d10000 !important;">Important Coronavirus (COVID-19) Updates</h4>
<p style="margin: 0 !important;">Steps we are taking to ensure the health and safety of our customers and employees.</p>
<p style="margin: 0 !important;"><a href="https://www.mynycb.com/Home/Covid19Updates" target="_blank" style="color: #333 !important; border-bottom: 2px solid #F5B100 !important;">Click here for more details</a></p>
</div> -->
<style>
.module-logo {
width: 98% !important;
}
.module-logo .module-logo-container {
display: inline-block !important;
}
.module-logo .left-side {
max-width: 75% !important;
float: left !important;
}
.module-logo .right-side {
max-width: 25% !important;
float: right !important;
}
@media (max-width: 1024px) {
.module-logo .module-logo-container {
display: block !important;
}
.module-logo .left-side {
float: none !important;
}
.module-logo .right-side {
float: none !important;
max-width: 90% !important;
}
.pane--header .layout_toggle {
margin-top: -100px !important;
}
.pane--navigation nav {
margin-top: 80px !important;
}
}
</style>
</div>
</div>
</div>
</span><span class="HeaderPaneDiv3">
<div id="_ctrl0_ctl12_divModuleContainer" class="module module-html module-search-toggle js__search-toggle">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<span class="q4-icon_search search-toggle_button"></span>
</div>
</div>
</div>
</span><span class="HeaderPaneDiv4">
<div id="_ctrl0_ctl15_divModuleContainer" class="module module-search module-search--desktop" role="search">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<span id="_ctrl0_ctl15_lblSearchText" class="module-search_text"></span>
<input name="_ctrl0$ctl15$txtSearchInput" type="text" maxlength="256" id="_ctrl0_ctl15_txtSearchInput" class="module_input module-search_input" aria-label="Search query" placeholder="Search" value="">
<input type="submit" name="_ctrl0$ctl15$btnSearch" value="" id="_ctrl0_ctl15_btnSearch" class="module_button module-search_button">
</div>
</div>
</div>
</span><span class="HeaderPaneDiv5">
<div id="_ctrl0_ctl18_divModuleContainer" class="module module-embed layout_toggle">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<div class="hamburger-menu">
<span class="line"></span>
<span class="line"></span>
<span class="line"></span>
</div>
</div>
</div>
</div>
</span><span class="HeaderPaneDiv6">
<div id="_ctrl0_ctl21_divModuleContainer" class="module module-html hidden">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<div class="module-disclaimer">
<h2>Disclaimer</h2>
<p>You are now leaving New York Community Bancorp, Inc.’s site and entering a partner site. Because the partner site is managed by a third party, the Company is not responsible for its content. If you wish to proceed to the
site, click "Continue". If you wish to return to New York Community Bancorp, Inc.'s site, click "Back".</p>
<div class="module-disclaimer-buttons">
<a class="disclaimer-back button" href="">back</a>
<a class="disclaimer-continue button" href="" target="_blank">continue</a>
</div>
</div>
</div>
</div>
</div>
</span><span class="HeaderPaneDiv1">
<div id="_ctrl0_ctl48_divModuleContainer" class="module module-embed">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<link rel="stylesheet" type="text/css" href="https://ir.mynycb.com/files/css/news-details.css">
</div>
</div>
</div>
</span></span></div>
</div>
<div class="pane pane--navigation">
<div class="pane_inner"><span class="NavigationPaneDiv7">
<nav class="nav nav--main">
<ul class="level1 sf-js-enabled" style="touch-action: pan-y;">
<li class="has-children"><a href="https://ir.mynycb.com/about-us/company-profile/default.aspx" class="sf-with-ul">About Us</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/about-us/company-profile/default.aspx">Company Profile</a></li>
<li><a href="https://ir.mynycb.com/about-us/officer-and-director-profiles/default.aspx">Leadership Team</a></li>
<li><a href="https://ir.mynycb.com/about-us/Board-of-Directors/default.aspx">Board of Directors</a></li>
<li><a href="https://ir.mynycb.com/about-us/faqs/default.aspx">FAQs</a></li>
<li><a href="https://ir.mynycb.com/about-us/transaction-history/default.aspx">Transaction History</a></li>
<li><a href="https://ir.mynycb.com/about-us/credit-ratings/default.aspx">Credit Ratings</a></li>
<li><a href="https://www.flagstar.com/" target="_blank">Flagstar Bank</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/stock-information/stock-chart/default.aspx" class="sf-with-ul">Stock Information</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/stock-information/stock-chart/default.aspx">Stock Chart</a></li>
<li><a href="https://ir.mynycb.com/stock-information/analyst-coverage/default.aspx">Analyst Coverage</a></li>
<li><a href="https://ir.mynycb.com/stock-information/stock-splits/default.aspx">Stock Splits</a></li>
<li><a href="https://ir.mynycb.com/stock-information/dividend-history/default.aspx">Dividend History</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/financial-information/quarterly-and-annual-reports/default.aspx" class="sf-with-ul">Financial Information</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/financial-information/quarterly-and-annual-reports/default.aspx">Quarterly & Annual Reports</a></li>
<li><a href="https://ir.mynycb.com/financial-information/sec-filings/default.aspx">SEC Filings</a></li>
<li><a href="https://ir.mynycb.com/financial-information/regulatory-disclosures/default.aspx">Regulatory Disclosures</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/about-us/officer-and-director-profiles/default.aspx" class="sf-with-ul">Corporate Governance</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/corporate-governance/insider-ownership/default.aspx">Insider Ownership</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/governance-documents/default.aspx">Governance Documents</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/committee-composition/default.aspx">Committee Composition</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/esg/default.aspx">ESG</a></li>
</ul>
</li>
<li class="has-children expanded"><a href="https://ir.mynycb.com/news-and-events/news-releases/default.aspx" class="sf-with-ul">News and Events</a>
<ul class="level2" style="display: none;">
<li class="selected"><a href="https://ir.mynycb.com/news-and-events/news-releases/default.aspx">News Releases</a></li>
<li><a href="https://ir.mynycb.com/news-and-events/events-calendar/default.aspx">Events Calendar</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/investor-resources/shareholder-services/default.aspx" class="sf-with-ul">Investor Resources</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/investor-resources/shareholder-services/default.aspx">Shareholder Services</a></li>
<li><a href="https://ir.mynycb.com/investor-resources/dividend-reinvestment-and-stock-purchase-plan/default.aspx">Dividend Reinvestment and Stock Purchase Plan</a></li>
<li><a href="https://ir.mynycb.com/investor-resources/request-online-delivery-of-proxy-materials/default.aspx">Request Online Delivery of Proxy Materials</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/contact-us/contact-information/default.aspx" class="sf-with-ul">Contact Us</a>
<ul class="level2" style="display: none;">
<li><a href="https://ir.mynycb.com/contact-us/contact-information/default.aspx">Contact Information</a></li>
<li><a href="https://ir.mynycb.com/contact-us/submit-inquiries-and-requests/default.aspx">Submit Inquiries and Requests</a></li>
<li><a href="https://ir.mynycb.com/contact-us/register-for-e-mail-alerts/default.aspx">Register for E-mail Alerts</a></li>
<li><a href="https://www.flagstar.com/about-flagstar/careers.html" target="_blank">Careers</a></li>
</ul>
</li>
</ul>
</nav>
</span><span class="NavigationPaneDiv8">
<nav class="nav nav--secondary dark">
<ul class="level1">
<li class="has-children"><a href="https://ir.mynycb.com/about-us/company-profile/default.aspx">About Us</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/about-us/company-profile/default.aspx">Company Profile</a></li>
<li><a href="https://ir.mynycb.com/about-us/officer-and-director-profiles/default.aspx">Leadership Team</a></li>
<li><a href="https://ir.mynycb.com/about-us/Board-of-Directors/default.aspx">Board of Directors</a></li>
<li><a href="https://ir.mynycb.com/about-us/faqs/default.aspx">FAQs</a></li>
<li><a href="https://ir.mynycb.com/about-us/transaction-history/default.aspx">Transaction History</a></li>
<li><a href="https://ir.mynycb.com/about-us/credit-ratings/default.aspx">Credit Ratings</a></li>
<li><a href="https://www.flagstar.com/" target="_blank">Flagstar Bank</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/stock-information/stock-chart/default.aspx">Stock Information</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/stock-information/stock-chart/default.aspx">Stock Chart</a></li>
<li><a href="https://ir.mynycb.com/stock-information/analyst-coverage/default.aspx">Analyst Coverage</a></li>
<li><a href="https://ir.mynycb.com/stock-information/stock-splits/default.aspx">Stock Splits</a></li>
<li><a href="https://ir.mynycb.com/stock-information/dividend-history/default.aspx">Dividend History</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/financial-information/quarterly-and-annual-reports/default.aspx">Financial Information</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/financial-information/quarterly-and-annual-reports/default.aspx">Quarterly & Annual Reports</a></li>
<li><a href="https://ir.mynycb.com/financial-information/sec-filings/default.aspx">SEC Filings</a></li>
<li><a href="https://ir.mynycb.com/financial-information/regulatory-disclosures/default.aspx">Regulatory Disclosures</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/about-us/officer-and-director-profiles/default.aspx">Corporate Governance</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/corporate-governance/insider-ownership/default.aspx">Insider Ownership</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/governance-documents/default.aspx">Governance Documents</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/committee-composition/default.aspx">Committee Composition</a></li>
<li><a href="https://ir.mynycb.com/corporate-governance/esg/default.aspx">ESG</a></li>
</ul>
</li>
<li class="has-children expanded"><a href="https://ir.mynycb.com/news-and-events/news-releases/default.aspx">News and Events</a>
<ul class="level2">
<li class="selected"><a href="https://ir.mynycb.com/news-and-events/news-releases/default.aspx">News Releases</a></li>
<li><a href="https://ir.mynycb.com/news-and-events/events-calendar/default.aspx">Events Calendar</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/investor-resources/shareholder-services/default.aspx">Investor Resources</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/investor-resources/shareholder-services/default.aspx">Shareholder Services</a></li>
<li><a href="https://ir.mynycb.com/investor-resources/dividend-reinvestment-and-stock-purchase-plan/default.aspx">Dividend Reinvestment and Stock Purchase Plan</a></li>
<li><a href="https://ir.mynycb.com/investor-resources/request-online-delivery-of-proxy-materials/default.aspx">Request Online Delivery of Proxy Materials</a></li>
</ul>
</li>
<li class="has-children"><a href="https://ir.mynycb.com/contact-us/contact-information/default.aspx">Contact Us</a>
<ul class="level2">
<li><a href="https://ir.mynycb.com/contact-us/contact-information/default.aspx">Contact Information</a></li>
<li><a href="https://ir.mynycb.com/contact-us/submit-inquiries-and-requests/default.aspx">Submit Inquiries and Requests</a></li>
<li><a href="https://ir.mynycb.com/contact-us/register-for-e-mail-alerts/default.aspx">Register for E-mail Alerts</a></li>
<li><a href="https://www.flagstar.com/about-flagstar/careers.html" target="_blank">Careers</a></li>
</ul>
</li>
</ul>
</nav>
</span><span class="NavigationPaneDiv9">
<div id="_ctrl0_ctl30_divModuleContainer" class="module module-search" role="search">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<span id="_ctrl0_ctl30_lblSearchText" class="module-search_text"></span>
<input name="_ctrl0$ctl30$txtSearchInput" type="text" maxlength="256" id="_ctrl0_ctl30_txtSearchInput" class="module_input module-search_input" aria-label="Search query" placeholder="Search" value="">
<input type="submit" name="_ctrl0$ctl30$btnSearch" value="" id="_ctrl0_ctl30_btnSearch" class="module_button module-search_button">
</div>
</div>
</div>
</span></div>
</div>
<div class="pane pane--banner grid--no-gutter">
<div class="pane_inner"></div>
</div>
</div>
<div class="layout_content" id="maincontent">
<div class="pane pane--breadcrumb">
<div class="pane_inner"></div>
</div>
<div class="pane pane--left">
<div class="pane_inner"><span class="LeftPaneDiv"></span></div>
</div>
<div class="pane pane--content">
<div class="pane_inner"><span class="ContentPaneDiv"><span class="ContentPaneDiv2">
<script type="text/javascript" src="/js/q4fancybox/q4fancybox.min.js"></script>
<div id="_ctrl0_ctl51_divModuleContainer" class="evergreen evergreen-news-details module-news-details">
<style id="_ctrl0_ctl51_styleContainer" type="text/css">
@media (max-width: 480px) {
#_ctrl0_ctl51_divModuleContainer .evergreen-news-title {
font-size: 17px;
}
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body p,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body a,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-multimedia-title {
font-size: var(--evgBodyFontSizeS);
}
}
@media (min-width: 481px) and (max-width: 1024px) {
#_ctrl0_ctl51_divModuleContainer .evergreen-news-title {
font-size: 17px;
}
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body p,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body a,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-multimedia-title {
font-size: var(--evgBodyFontSizeM);
}
}
@media (min-width: 1025px) {
#_ctrl0_ctl51_divModuleContainer .evergreen-news-title {
font-size: 17px;
}
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body p,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-body a,
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-news-multimedia-title {
font-size: var(--evgBodyFontSizeL);
}
}
#_ctrl0_ctl51_divModuleContainer .evergreen-item-date-time.evergreen-news-date-time {}
#_ctrl0_ctl51_divModuleContainer.evergreen .evergreen-header .evergreen-title .ModuleTitle {}
#_ctrl0_ctl51_divModuleContainer .evergreen-news-title {
color: var(--evgBodyTextColor)
}
#_ctrl0_ctl51_divModuleContainer .evergreen-link {
cursor: pointer;
}
#_ctrl0_ctl51_divModuleContainer .evergreen-link:not(:hover):not(:focus) {}
#_ctrl0_ctl51_divModuleContainer .evergreen-link:hover {}
#_ctrl0_ctl51_divModuleContainer .evergreen-link:focus,
#_ctrl0_ctl51_divModuleContainer .evergreen-link:focus-visible {}
#_ctrl0_ctl51_divModuleContainer .evergreen-button:not(:hover):not(:focus),
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:not(:hover):not(:focus),
#_ctrl0_ctl51_divModuleContainer .evergreen-button:not(:hover):not(:focus),
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:not(:hover):not(:focus) {}
#_ctrl0_ctl51_divModuleContainer .evergreen-button:hover,
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:hover,
#_ctrl0_ctl51_divModuleContainer .evergreen-button:hover,
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:hover {}
#_ctrl0_ctl51_divModuleContainer .evergreen-button:focus,
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:focus,
#_ctrl0_ctl51_divModuleContainer .evergreen-button:focus,
#_ctrl0_ctl51_divModuleContainer .evergreen-button--alt:focus {}
</style>
<div class="evergreen-container evergreen-container--outer evergreen-container--news-details">
<div class="evergreen-container evergreen-news-details-container evergreen-container--inner">
<div id="_ctrl0_ctl51_divNewsDetailsItemContainer" class="evergreen-item evergreen-news-details-item evergreen-item-container ">
<div id="_ctrl0_ctl51_divViewAllNews" class="evergreen-news-view-all-wrapper evergreen-news-view-all-left">
<a href="https://ir.mynycb.com/news-and-events/news-releases/default.aspx" id="_ctrl0_ctl51_hrefViewAllNews" class="evergreen-news-view-all-link evergreen-button">View All News</a>
</div>
<div id="_ctrl0_ctl51_divNewsDetailsHeadline" class="evergreen-news-headline evergreen-data-left">
<h3 id="_ctrl0_ctl51_lblModuleDetailTitle" class="evergreen-item-detail-title evergreen-news-title">
<span id="_ctrl0_ctl51_spanNewsDetailsTitle" style="font-weight:bold;">NEW YORK COMMUNITY BANCORP, INC. APPOINTS ALESSANDRO DINELLO AS PRESIDENT AND CEO AND MARSHALL LUX AS PRESIDING DIRECTOR OF THE BOARD</span>
</h3>
</div>
<div id="_ctrl0_ctl51_divNewsDetailsDateTime" class="evergreen-item-date-time evergreen-news-date-time evergreen-data-left">
<span id="_ctrl0_ctl51_spanDate" class="evergreen-news-date-text">February 29, 2024</span> <span id="_ctrl0_ctl51_spanTime" class="evergreen-news-time-text"></span>
</div>
<div id="_ctrl0_ctl51_divNewsDetailsAttachmentsContainer" class="evergreen-news-attachments-container evergreen-data-left">
<div id="_ctrl0_ctl51_divEvergreenNewsAttachments" class="evergreen-news-attachments">
<div id="_ctrl0_ctl51_divDownloadRelatedDocument" class="evergreen-news-attachment evergreen-news-related-document">
<a href="https://ir.mynycb.com/files/NYCB-Leadership-Changes-2-29-24.pdf" id="_ctrl0_ctl51_hrefDownloadRelatedDocument" target="_blank" class="evergreen-link evergreen-news-link evergreen-news-related-document-link evergreen-news-link--text-with-icon evergreen-link" aria-label="Download NEW YORK COMMUNITY BANCORP, INC. APPOINTS ALESSANDRO DINELLO AS PRESIDENT AND CEO AND MARSHALL LUX AS PRESIDING DIRECTOR OF THE BOARD in PDF format. Opens in a new window">
<span class="evergreen-module-icon-related-document" aria-hidden="true"></span>
<span id="_ctrl0_ctl51_spanDownloadRelatedDocument" class="evergreen-news-link-text">Download</span>
<span class="evergreen-sr-only">(opens in new window)</span>
</a>
</div>
</div>
</div>
<div id="_ctrl0_ctl51_divBody" class="evergreen-news-body">
<style type="text/css">
.q4default span.prnews_span {
font-size: 8pt;
font-family: "Arial";
color: rgb(0, 0, 0)
}
.q4default a.prnews_a {
color: rgb(0, 0, 255)
}
.q4default li.prnews_li {
font-size: 8pt;
font-family: "Arial";
color: rgb(0, 0, 0)
}
.q4default p.prnews_p {
font-size: 0.62em;
font-family: "Arial";
color: rgb(0, 0, 0);
margin: 0
}
</style>
<div class="q4default">
<div class="xn-content">
<p><span class="legendSpanClass">HICKSVILLE, N.Y.</span>, <span class="legendSpanClass">Feb. 29, 2024</span> /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced the
appointment of Alessandro (Sandro) DiNello, Executive Chairman of the Board, as President and Chief Executive Officer, effective immediately. Mr. DiNello succeeds Thomas R. Cangemi, who has stepped down as President
and Chief Executive Officer after 27 years with the Company. Mr. Cangemi remains on the Board.</p>
<div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
<p>
<a href="https://mma.prnewswire.com/media/645444/New_York_Community_Bancorp_Logo.html" target="_blank" rel="nofollow">
<img src="https://mma.prnewswire.com/media/645444/New_York_Community_Bancorp_Logo.jpg" title="(PRNewsfoto/New York Community Bancorp, Inc.)" alt="(PRNewsfoto/New York Community Bancorp, Inc.)">
</a>
</p>
</div>
<p>In addition, Marshall Lux, a financial services industry leader who has served as an independent director since 2022, has been named Presiding Director of the Board, effective immediately, following Hanif "Wally"
Dahya stepping down as the Board's Presiding Director and as a director. Mr. Lux has also been named Chair of the Board's Nominating and Corporate Governance Committee.</p>
<p>Mr. DiNello was appointed Executive Chairman of NYCB's Board of Directors on February 6, 2024. Prior to this, Mr. DiNello served as non-executive Chairman of the Board after joining the Company following completion of
the Flagstar Bank acquisition in December 2022. Before the acquisition, Mr. DiNello served as President and CEO of Flagstar, and under his leadership, the company consistently delivered solid results, underpinned by
careful, thoughtful growth and industry-leading risk management. He began his career at Flagstar in 1979 and brings his more than four decades of industry, operational and leadership expertise to his new role at the
helm of NYCB.</p>
<p>"It is my mandate as President and CEO, alongside our Board, to continue our transformation into a larger, more diversified commercial bank," said Mr. DiNello. "While we've faced recent challenges, we are confident in
the direction of our bank and our ability to deliver for our customers, employees and shareholders in the long-term. The changes we're making to our Board and leadership team are reflective of a new chapter that is
underway."</p>
<p><b>About Marshall Lux</b></p>
<p>Marshall Lux joined NYCB's Board in February 2022. Mr. Lux was most recently a Senior Partner at Boston Consulting Group, where he advised financial services companies. Prior to that, from 2007 to 2009 he was Global
Chief Risk Officer for Chase Consumer Bank at JP Morgan. He is a prominent and highly-regarded financial services industry professional whose career spans nearly four decades and crosses a broad variety of financial
industry subsectors, including consumer finance, commercial banks, insurance companies, broker/dealers, wealth and asset management firms, card companies, private equity, and FinTechs.</p>
<p><b><u>About New York Community Bancorp, Inc.</u></b></p>
<p>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. At December 31, 2023, the
Company had $116.3 billion of assets, $85.8 billion of loans, deposits of $81.4 billion, and total stockholders' equity of $10.8 billion.</p>
<p>Flagstar Bank, N.A. operates 420 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 ten 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.</p>
<p>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 seventh largest bank originator of residential mortgages for the 12-months ending December 31, 2023, while we are the industry's fifth largest sub-servicer of mortgage loans nationwide, servicing
1.4 million accounts with $382 billion in unpaid principal balances. Additionally, the Company is the second largest mortgage warehouse lender nationally based on total commitments.</p>
<p><b>Forward Looking Statements</b></p>
<p>This press release may include forward‐looking statements by the Company pertaining to such matters as our goals, intentions, and expectations regarding revenues, earnings, loan production, asset quality, capital
levels, and acquisitions, among other matters; our estimates of future costs and benefits of the actions we may take; our assessments of probable losses on loans; our assessments of interest rate and other market
risks; and our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, the Signature Transaction, and our
transition to a $100 billion plus bank.</p>
<p>Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," and other similar words and expressions, and
are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does
not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially,
from those anticipated in our statements, and our future performance could differ materially from our historical results.</p>
<p>Our forward‐looking statements are subject to the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities markets; changes in
interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or
investment portfolios; changes in future allowance for credit losses requirements under relevant accounting and regulatory requirements; the ability to pay future dividends at currently expected rates; changes in our
capital management and balance sheet strategies and our ability to successfully implement such strategies; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in
legislation, regulations, and policies; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; the impact of failures or disruptions in
or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather
events, military conflict (including the Russia/Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other
geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following
principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022, and the Signature Transaction: the possibility that the anticipated benefits of the
transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of
acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and
operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that
the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated
by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not
limited to, tax laws and regulations).</p>
<p>More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K for the year ended December 31, 2022, Quarterly Reports on Form 10-Q for the quarters ended
March 31, 2023, June 30, 2023, and September 30, 2023 and in other SEC reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this
Amendment, during investor presentations, or in our other SEC filings, which are accessible on our website and at the SEC's website, <a href="http://www.sec.gov" rel="nofollow">www.sec.gov</a>.</p>
<p><b>Investor Contact: <br></b>Salvatore J. DiMartino<br>(516) 683-4286</p>
<p><b>Media Contact: <br></b>Nicole Yelland<br>(248) 312-5872</p>
<div class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder2">
<p>
<a href="https://mma.prnewswire.com/media/2207656/flagstar_Logo.html" target="_blank" rel="nofollow">
<img src="https://mma.prnewswire.com/media/2207656/flagstar_Logo.jpg" title="(PRNewsfoto/New York Community Bancorp, Inc.)" alt="(PRNewsfoto/New York Community Bancorp, Inc.)">
</a>
</p>
</div> <p>SOURCE New York Community Bancorp, Inc.</p>
</div>
</div>
</div>
</div>
</div>
</div>
<script>
</script>
</div>
</span></span></div>
</div>
<div class="pane pane--right">
<div class="pane_inner"><span class="RightPaneDiv"></span></div>
</div>
</div>
<div class="layout_footer" role="contentinfo">
<div class="pane pane--footer grid--no-gutter">
<div class="pane_inner"><span class="FooterPaneDiv"><span class="FooterPaneDiv14">
<div id="_ctrl0_ctl42_divModuleContainer" class="module module-embed">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<script type="text/javascript">
//Run this function in the complete functions of widgets to add the popup disclaimer
function anytimeDisclaimer(linkClass, dislaimerClass, proceedClass, closeClass) {
//saving the href of the linkClass
// var endLink = $(linkClass).attr('href');
//create an event for link class
$(linkClass).on('click', function(e) {
console.log('this', $(this));
var endLink = $(this).attr('href');
console.log('endLink', endLink);
//prevent the link from redirecting
e.preventDefault();
$.fancybox.open($(dislaimerClass).html(), {
onComplete: function() {
//adding the proceedClass link to allow user to continue to the redirect
// console.log('running proceedClass');
if (proceedClass != undefined) {
$(proceedClass).attr('href', endLink);
}
//sets an event for the closeClass links to close the popup
if (closeClass != undefined) {
$(closeClass).on('click', function(event) {
event.preventDefault();
$.fancybox.close();
});
}
}
});
});
}
// for example to call the disclaimer-earnings1 you will need to use the function as needed in the complete function or in a script tag after the items have loaded(granted that the links have the class de-1 class)
// anytimeDisclaimer(".de-1", ".disclaimer-earnings1", '.proceed', '.cancel')
</script>
<div class="hidden disclaimer-holder">
<!-- disclaimer -->
<div class="disclaimer-event3">
<h2 class="fancy-disclaimer_title"></h2>
<p>External Link You are about to leave <a href="http://mynycb.com/" target="_blank" rel="noopener">myNYCB.com</a> and access a site administered by a third-party. The site you are going to may have different
Privacy and Security policies. We recommend that you review these policies on the linked site. If you choose to proceed, a new browser window will open. To return
to <a href="http://mynycb.com/" target="_blank" rel="noopener">myNYCB.com</a>, close the new browser window.</p>
<div class="fancy-disclaimer_link-container de-2">
<a class="fancy-disclaimer_link fancy-disclaimer_link--close" href="#close">Decline</a>
<a class="fancy-disclaimer_link fancy-disclaimer_link--proceed" href="#target" target="_blank">Accept</a>
</div>
</div>
</div>
<script>
var de3 = 'a[href="https://www.flagstar.com/about-flagstar/careers.html"]';
anytimeDisclaimer(de3, ".disclaimer-event3", ".fancy-disclaimer_link--proceed", ".de-3 .fancy-disclaimer_link--close");
</script>
</div>
</div>
</div>
</span></span></div>
</div>
<div class="pane pane--footer2">
<div class="pane_inner"><span class="FooterPane2Div11">
<div id="_ctrl0_ctl33_RightBlock" class="hidden"></div>
<div id="_ctrl0_ctl33_divModuleContainer" class="module-footer--links">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<ul id="_ctrl0_ctl33_qlList" class="module-footer--links">
<li id="_ctrl0_ctl33_QuickLinkList_ctl00_liQuickLink" class="QuickLinkRow">
<a href="https://ir.mynycb.com/contact-us/contact-information/default.aspx" id="_ctrl0_ctl33_QuickLinkList_ctl00_link" class="module-links_list-item-link" target="_self"><i class="q4-icon_contact"></i>Contact Information</a>
</li>
<li id="_ctrl0_ctl33_QuickLinkList_ctl01_liQuickLink" class="QuickLinkRowAlt">
<a href="https://ir.mynycb.com/financial-information/quarterly-and-annual-reports/default.aspx" id="_ctrl0_ctl33_QuickLinkList_ctl01_link" class="module-links_list-item-link" target="_self"><i class="q4-icon_quarterly"></i>Quarterly Results</a>
</li>
<li id="_ctrl0_ctl33_QuickLinkList_ctl02_liQuickLink" class="QuickLinkRow">
<a href="https://ir.mynycb.com/financial-information/sec-filings/default.aspx" id="_ctrl0_ctl33_QuickLinkList_ctl02_link" class="module-links_list-item-link" target="_self"><i class="q4-icon_sec"></i>SEC Filings</a>
</li>
<li id="_ctrl0_ctl33_QuickLinkList_ctl03_liQuickLink" class="QuickLinkRowAlt">
<a href="https://ir.mynycb.com/about-us/faqs/default.aspx" id="_ctrl0_ctl33_QuickLinkList_ctl03_link" class="module-links_list-item-link" target="_self"><i class="q4-icon_faq"></i>FAQs</a>
</li>
<li id="_ctrl0_ctl33_QuickLinkList_ctl04_liQuickLink" class="QuickLinkRow">
<a href="https://ir.mynycb.com/contact-us/register-for-e-mail-alerts/default.aspx" id="_ctrl0_ctl33_QuickLinkList_ctl04_link" class="module-links_list-item-link" target="_self"><i class="q4-icon_email"></i>Email Alerts</a>
</li>
</ul>
</div>
</div>
</div>
</span></div>
</div>
<div class="pane pane--credits">
<div class="pane_inner"><span class="Q4FooterDiv12">
<div id="_ctrl0_ctl36_divModuleContainer" class="module module-embed hidden">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<script>
var q4App = $.extend(q4Defaults, {
disclaimer: function() {
$('.pane--content .module-html a[target*="blank"],.module-disclaimer-links a[target*="blank"],.module-news-details a[target*="blank"]').not('a[href*=".pdf"], a[href*="www.mynycb.com"]').click(function(e) {
e.preventDefault();
var content = $('.module-disclaimer');
$('.module-disclaimer a.disclaimer-continue').attr('href', $(this).attr('href'));
$.fancybox.open({
margin: 0,
content: content,
opts: {
slideClass: 'fancybox-disclaimer'
}
});
content.find('a.disclaimer-continue').click(function(e) {
$.fancybox.close();
});
content.find('a.disclaimer-back').click(function(e) {
e.preventDefault();
$.fancybox.close();
});
});
},
searchToggle: function() {
$('.js__search-toggle').on('click', '.search-toggle_button', function() {
$('.layout_inner').toggleClass('js--search-active');
});
},
mobileTapSupport: function(selector) {
if (this.isMobile.Android()) {
$(selector).on('click', 'li.has-children > a', function(e) {
var $this = $(this),
$parent = $this.parent();
if (!$parent.hasClass('sfHover')) {
e.preventDefault();
$parent.siblings().removeClass('sfHover');
$parent.addClass('sfHover');
}
});
$('body').on('click', function(e) {
if ($(e.target).closest(selector).length) {
$(selector).find('.sfHover').removeClass('sfHover');
}
});
}
},
stickyNav: function(options) {
var o = {
$stickyElemTrigger: false,
$stikyElem: false,
$offsetTopElem_desktop: false,
$offsetTopElem_mobile: false,
offsetBreakPoint_mobile: false,
stopStiky: "never",
stopStickyBreakPoint: false,
getTopOffset: function() {
var inst = this,
topOffsetScroll = 0;
if ($(window).width() > inst.offsetBreakPoint_mobile || inst.offsetBreakPoint_mobile === false) {
topOffsetScroll = inst.$offsetTopElem_desktop ? inst.$offsetTopElem_desktop.outerHeight() : 0;
} else {
topOffsetScroll = inst.$offsetTopElem_mobile ? inst.$offsetTopElem_mobile.outerHeight() : 0;
}
return topOffsetScroll;
}
};
$.extend(o, options);
if (o.$stikyElem.length) {
function mobileOrDesktop() {
var condition;
switch (o.stopStiky) {
case 'never':
condition = true
break;
case 'desktop':
$(window).width() <= o.stopStickyBreakPoint ? condition = true : condition = false;
break;
case 'mobile':
$(window).width() > o.stopStickyBreakPoint ? condition = true : condition = false;
break;
}
return condition;
}
$(window).on('scroll', function(e) {
if (mobileOrDesktop()) {
var curentScroll = $(window).scrollTop(),
stickyElemWrapper_offsetTop = o.$stickyElemTrigger.offset().top - o.getTopOffset();
if (curentScroll >= stickyElemWrapper_offsetTop) {
o.$stikyElem.addClass('js--sticky');
} else {
o.$stikyElem.removeClass('js--sticky');
}
}
}).scroll();
if (o.stopStickyBreakPoint) {
$(window).on('resize', function() {
if (!mobileOrDesktop()) {
o.$stikyElem.removeClass('js--sticky');
} else if (!o.$stikyElem.hasClass('js--sticky')) {
var curentScroll = $(window).scrollTop(),
stickyElemWrapper_offsetTop = o.$stickyElemTrigger.offset().top - o.getTopOffset();
if (curentScroll >= stickyElemWrapper_offsetTop) {
o.$stikyElem.addClass('js--sticky');
}
}
});
}
}
},
init: function() {
var app = this;
app.cleanUp();
app.unWrapLink('a.module-stock-header_stock-price');
app.submitOnEnter('.module-unsubscribe');
app.submitOnEnter('.module-search');
app.validateSubmit('.module-search');
app.superfish($('.nav--main .level1'), {
cssArrows: false,
delay: 0,
speed: 0,
speedOut: 0
}, 1024);
app.searchToggle();
app.mobileMenuToggle($('.layout'), '.pane--navigation', '.layout_toggle .hamburger-menu');
app.cleanQuickLinks($('.module-links'));
app.resetDate(['.nav a[href*="s4.q4web.com"]:not([href$=".pdf"])', '.module-js-demo a']);
app.copyright($('.copyright_year'))
app.reveal('.pane--footer .module-subscribe', '.module-subscribe_email', '.module-subscribe_mailing-list, .module_actions', true);
app.docTracking();
app.fancySignup();
app.stickyNav({
$stickyElemTrigger: $('.pane--navigation'),
$stikyElem: $('.pane--navigation .pane_inner'),
stopStiky: "mobile",
stopStickyBreakPoint: 1024
});
app.mobileTapSupport('.nav--main .level1');
app.previewToolbar();
// custom
app.disclaimer();
}
});
q4App.init();
</script>
</div>
</div>
</div>
</span><span class="Q4FooterDiv13">
<div id="_ctrl0_ctl39_divModuleContainer" class="module module-embed copyright">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner"> © <span id="copyright">2024</span> New York Community Bancorp, Inc. | <a href="/terms-of-use/default.aspx">Terms of Use</a>
<script>
document.getElementById('copyright').appendChild(document.createTextNode(new Date().getFullYear()));
</script>
</div>
</div>
</div>
</span><span class="Q4FooterDiv15">
<div id="_ctrl0_ctl45_divModuleContainer" class="module module-embed">
<div class="module_container module_container--outer">
<div class="module_container module_container--inner">
<script type="text/javascript" src="https://www.bugherd.com/sidebarv2.js?apikey=rzeiqkmyefftbto8jl1plw" async="true"></script>
</div>
</div>
</div>
</span></div>
</div>
</div>
</div>
</div>
<input type="hidden" name="__antiCSRF" id="__antiCSRF" value="">
</form>Text Content
Skip to main content
DISCLAIMER
You are now leaving New York Community Bancorp, Inc.’s site and entering a
partner site. Because the partner site is managed by a third party, the Company
is not responsible for its content. If you wish to proceed to the site, click
"Continue". If you wish to return to New York Community Bancorp, Inc.'s site,
click "Back".
back continue
* About Us
* Company Profile
* Leadership Team
* Board of Directors
* FAQs
* Transaction History
* Credit Ratings
* Flagstar Bank
* Stock Information
* Stock Chart
* Analyst Coverage
* Stock Splits
* Dividend History
* Financial Information
* Quarterly & Annual Reports
* SEC Filings
* Regulatory Disclosures
* Corporate Governance
* Insider Ownership
* Governance Documents
* Committee Composition
* ESG
* News and Events
* News Releases
* Events Calendar
* Investor Resources
* Shareholder Services
* Dividend Reinvestment and Stock Purchase Plan
* Request Online Delivery of Proxy Materials
* Contact Us
* Contact Information
* Submit Inquiries and Requests
* Register for E-mail Alerts
* Careers
* About Us
* Company Profile
* Leadership Team
* Board of Directors
* FAQs
* Transaction History
* Credit Ratings
* Flagstar Bank
* Stock Information
* Stock Chart
* Analyst Coverage
* Stock Splits
* Dividend History
* Financial Information
* Quarterly & Annual Reports
* SEC Filings
* Regulatory Disclosures
* Corporate Governance
* Insider Ownership
* Governance Documents
* Committee Composition
* ESG
* News and Events
* News Releases
* Events Calendar
* Investor Resources
* Shareholder Services
* Dividend Reinvestment and Stock Purchase Plan
* Request Online Delivery of Proxy Materials
* Contact Us
* Contact Information
* Submit Inquiries and Requests
* Register for E-mail Alerts
* Careers
View All News
NEW YORK COMMUNITY BANCORP, INC. APPOINTS ALESSANDRO DINELLO AS PRESIDENT AND
CEO AND MARSHALL LUX AS PRESIDING DIRECTOR OF THE BOARD
February 29, 2024
Download (opens in new window)
HICKSVILLE, N.Y., Feb. 29, 2024 /PRNewswire/ -- New York Community Bancorp, Inc.
(NYSE: NYCB) ("NYCB" or the "Company") today announced the appointment of
Alessandro (Sandro) DiNello, Executive Chairman of the Board, as President and
Chief Executive Officer, effective immediately. Mr. DiNello succeeds Thomas R.
Cangemi, who has stepped down as President and Chief Executive Officer after 27
years with the Company. Mr. Cangemi remains on the Board.
In addition, Marshall Lux, a financial services industry leader who has served
as an independent director since 2022, has been named Presiding Director of the
Board, effective immediately, following Hanif "Wally" Dahya stepping down as the
Board's Presiding Director and as a director. Mr. Lux has also been named Chair
of the Board's Nominating and Corporate Governance Committee.
Mr. DiNello was appointed Executive Chairman of NYCB's Board of Directors on
February 6, 2024. Prior to this, Mr. DiNello served as non-executive Chairman of
the Board after joining the Company following completion of the Flagstar Bank
acquisition in December 2022. Before the acquisition, Mr. DiNello served as
President and CEO of Flagstar, and under his leadership, the company
consistently delivered solid results, underpinned by careful, thoughtful growth
and industry-leading risk management. He began his career at Flagstar in 1979
and brings his more than four decades of industry, operational and leadership
expertise to his new role at the helm of NYCB.
"It is my mandate as President and CEO, alongside our Board, to continue our
transformation into a larger, more diversified commercial bank," said Mr.
DiNello. "While we've faced recent challenges, we are confident in the direction
of our bank and our ability to deliver for our customers, employees and
shareholders in the long-term. The changes we're making to our Board and
leadership team are reflective of a new chapter that is underway."
About Marshall Lux
Marshall Lux joined NYCB's Board in February 2022. Mr. Lux was most recently a
Senior Partner at Boston Consulting Group, where he advised financial services
companies. Prior to that, from 2007 to 2009 he was Global Chief Risk Officer for
Chase Consumer Bank at JP Morgan. He is a prominent and highly-regarded
financial services industry professional whose career spans nearly four decades
and crosses a broad variety of financial industry subsectors, including consumer
finance, commercial banks, insurance companies, broker/dealers, wealth and asset
management firms, card companies, private equity, and FinTechs.
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. At December 31, 2023, the Company had $116.3 billion of
assets, $85.8 billion of loans, deposits of $81.4 billion, and total
stockholders' equity of $10.8 billion.
Flagstar Bank, N.A. operates 420 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 ten 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 seventh largest bank
originator of residential mortgages for the 12-months ending December 31, 2023,
while we are the industry's fifth largest sub-servicer of mortgage loans
nationwide, servicing 1.4 million accounts with $382 billion in unpaid principal
balances. Additionally, the Company is the second largest mortgage warehouse
lender nationally based on total commitments.
Forward Looking Statements
This press release may include forward‐looking statements by the Company
pertaining to such matters as our goals, intentions, and expectations regarding
revenues, earnings, loan production, asset quality, capital levels, and
acquisitions, among other matters; our estimates of future costs and benefits of
the actions we may take; our assessments of probable losses on loans; our
assessments of interest rate and other market risks; and our ability to achieve
our financial and other strategic goals, including those related to our merger
with Flagstar Bancorp, Inc., which was completed on December 1, 2022, the
Signature Transaction, and our transition to a $100 billion plus bank.
Forward‐looking statements are typically identified by such words as "believe,"
"expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project,"
"should," and other similar words and expressions, and are subject to numerous
assumptions, risks, and uncertainties, which change over time. Additionally,
forward‐looking statements speak only as of the date they are made; the Company
does not assume any duty, and does not undertake, to update our forward‐looking
statements. Furthermore, because forward‐looking statements are subject to
assumptions and uncertainties, actual results or future events could differ,
possibly materially, from those anticipated in our statements, and our future
performance could differ materially from our historical results.
Our forward‐looking statements are subject to the following principal risks and
uncertainties: general economic conditions and trends, either nationally or
locally; conditions in the securities markets; changes in interest rates;
changes in deposit flows, and in the demand for deposit, loan, and investment
products and other financial services; changes in real estate values; changes in
the quality or composition of our loan or investment portfolios; changes in
future allowance for credit losses requirements under relevant accounting and
regulatory requirements; the ability to pay future dividends at currently
expected rates; changes in our capital management and balance sheet strategies
and our ability to successfully implement such strategies; changes in
competitive pressures among financial institutions or from non‐financial
institutions; changes in legislation, regulations, and policies; the success of
our blockchain and fintech activities, investments and strategic partnerships;
the restructuring of our mortgage business; the impact of failures or
disruptions in or breaches of the Company's operational or security systems,
data or infrastructure, or those of third parties, including as a result of
cyberattacks or campaigns; the impact of natural disasters, extreme weather
events, military conflict (including the Russia/Ukraine conflict, the conflict
in Israel and surrounding areas, the possible expansion of such conflicts and
potential geopolitical consequences), terrorism or other geopolitical events;
and a variety of other matters which, by their nature, are subject to
significant uncertainties and/or are beyond our control. Our forward-looking
statements are also subject to the following principal risks and uncertainties
with respect to our merger with Flagstar Bancorp, which was completed on
December 1, 2022, and the Signature Transaction: the possibility that the
anticipated benefits of the transactions will not be realized when expected or
at all; the possibility of increased legal and compliance costs, including with
respect to any litigation or regulatory actions related to the business
practices of acquired companies or the combined business; diversion of
management's attention from ongoing business operations and opportunities; the
possibility that the Company may be unable to achieve expected synergies and
operating efficiencies in or as a result of the transactions within the expected
timeframes or at all; and revenues following the transactions may be lower than
expected. Additionally, there can be no assurance that the Community Benefits
Agreement entered into with NCRC, which was contingent upon the closing of the
Company's merger with Flagstar Bancorp, Inc., will achieve the results or
outcome originally expected or anticipated by us as a result of changes to our
business strategy, performance of the U.S. economy, or changes to the laws and
regulations affecting us, our customers, communities we serve, and the U.S.
economy (including, but not limited to, tax laws and regulations).
More information regarding some of these factors is provided in the Risk Factors
section of our Annual Report on Form 10‐K for the year ended December 31, 2022,
Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30,
2023, and September 30, 2023 and in other SEC reports we file. Our
forward‐looking statements may also be subject to other risks and uncertainties,
including those we may discuss in this Amendment, during investor presentations,
or in our other SEC filings, which are accessible on our website and at the
SEC's website, www.sec.gov.
Investor Contact:
Salvatore J. DiMartino
(516) 683-4286
Media Contact:
Nicole Yelland
(248) 312-5872
SOURCE New York Community Bancorp, Inc.
External Link You are about to leave myNYCB.com and access a site administered
by a third-party. The site you are going to may have different Privacy and
Security policies. We recommend that you review these policies on the linked
site. If you choose to proceed, a new browser window will open. To return
to myNYCB.com, close the new browser window.
Decline Accept
* Contact Information
* Quarterly Results
* SEC Filings
* FAQs
* Email Alerts
© 2024 New York Community Bancorp, Inc. | Terms of Use