HICKSVILLE, N.Y., April 12,
2024 /PRNewswire/ -- New York Community Bancorp,
Inc. (NYSE: NYCB) proudly announces the appointment of four
distinguished leaders to its executive management team, effective
immediately. These strategic appointments signify the Company's
commitment to enhancing its operational capabilities, fortifying
its risk and compliance framework, and driving sustainable
growth.
Joseph Otting, President and CEO,
commented, "We are thrilled to welcome Craig, Bao, Scott and James
to our executive team. Their collective expertise and deep industry
knowledge will be instrumental in driving our strategic initiatives
forward and solidifying our position as a leading regional bank.
These appointments underscore New York Community Bancorp, Inc.'s
commitment to fostering a culture of excellence, innovation, and
integrity, as it continues to deliver value to shareholders and
service to our customers."
Joining the executive management team are:
- Craig Gifford, SEVP, Chief
Financial Officer – Craig brings more than 30 years of
banking experience, most recently as EVP, Enterprise Operations
with U.S. Bancorp where he led all physical operations, including
the distribution strategy for the bank's branch and ATM network.
Previously, he served as U.S. Bancorp's Corporate Controller, and
prior to that, as Chief Accounting Officer and Corporate Controller
for Guaranty Financial Group, following a 13-year career in the
financial services group of Ernst and Young LLP. Craig brings
proven experience in navigating challenging financial environments,
including raising capital and delivering profitable results.
- Bao Nguyen, SEVP, General
Counsel & Chief of Staff – Bao brings more than 15 years of
experience as a financial services attorney. Most recently he
served as a Partner for Skadden, Arps, Slate, Meagher & Flom
LLP where he advised global and regional financial institutions,
fintech and digital asset companies and private equity firms on the
regulatory aspects of complex transactions, charters, compliance
matters and enforcement issues. Prior to joining Skadden, he held
senior positions with the Office of the Comptroller of the Currency
(OCC), including as acting Chief Counsel and, most recently, as
Principal Deputy Chief Counsel. During his time at the OCC, he
oversaw significant policy decisions, rulemaking, transaction
reviews and enforcement matters.
Earlier in his career he served as Senior Counsel at the Board of
Governors of the Federal Reserve System, and as a Banking Fellow in
the U.S. Senate, negotiating key reforms to the U.S. regulatory
framework as part of the Dodd-Frank Act.
- Scott Shepherd, SEVP, Head of
Commercial Real Estate Lending – Scott is a senior executive
with a more than 20-year track record building and leading teams in
commercial real estate, creating value through lending, debt
restructuring and workouts, financing, and investing in commercial
real estate. Most recently, he served as Managing Director, The
Ruth Group, a commercial real estate deal sponsor, and operator,
where he focused on secured debt financing to acquire and refinance
value-add office and industrial conversion properties and complex
restructurings. Prior to that he founded Archbell Capital, a
commercial real estate bridge lender focused on institutional
quality sponsors across property types.
He also spent six years at OneWest Bank as Head of the
Commercial Real Estate Group. While there, he launched a
$1 billion annual CRE lending
business that originated over $3.5
billion in loan commitments and led workouts of $2 billion of acquired loans. He started his real
estate finance career at Goldman Sachs, where he was an
investment banker for ten years.
- James Simons, EVP, Special
Advisor to the CEO – In this newly created role, James will
advise on credit administration, portfolio management and lending
projects. He brings more than 45 years of banking experience, the
last 20 of those serving as Senior Credit Executive/Chief Credit
Officer for First Citizens Bank (formerly OneWest Bank and CIT
Bank), Associated Bank, Guaranty Bancorp, and U.S. Bancorp. In
these positions, he was responsible for a variety of credit
functions, problem loan management and served as the primary
business line approver for commercial real estate, middle market
lending, builder finance, private banking, and asset-based lending.
He also brings considerable bank turn-around and loan workout
experience, as well as bank regulator experience with the OCC and
Resolution Trust Company.
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. On December 31, 2023,
the Company had $114 billion of
assets, $86 billion of loans, and
deposits of $82 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.
Investor Contact:
Salvatore J. DiMartino
(516) 683-4286
Media Contact:
Steven Bodakowski
(248) 312-5872
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SOURCE New York Community Bancorp, Inc.