NYCB CEO Joseph Otting named Executive Chairman; DiNello steps down as Non-Executive Chairman

FLAGSTAR BANK, NATIONAL ASSOCIATION

CEO Joseph M. Otting appointed Executive Chairman of NYCB and Flagstar Bank, effective June 5, 2024.
Alessandro P. DiNello steps down as Non-Executive Chairman but remains on the board and as senior advisor to the CEO.
Otting's expanded role aims to improve operations and execute strategic initiatives after the March 2024 capital raise.
Otting, former Comptroller of the Currency and ex-CEO of OneWest Bank, became NYCB President and CEO on April 1, 2024.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Joseph M. Otting

Executive Chairman

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-06-05
Filed: June 4, 2024, 7:59 PM ET

named President and Chief Executive Officer, Joseph M. Otting, to the additional role of Executive Chairman of the Board of Directors of both the Company and Flagstar Bank, N.A. (the “Bank”), effective as of close of business on June 5, 2024.

Role change

Alessandro P. DiNello

Non-Executive Chairman

FLG · FLAGSTAR BANK, NATIONAL ASSOCIATION

Effective: 2024-06-05
Successor: Joseph M. Otting
Filed: June 4, 2024, 7:59 PM ET

Alessandro P. DiNello will step down from his role as Non-Executive Chairman of the Company and the Bank as of the close of business on June 5, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph M. Otting was appointed as Executive Chairman at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: appointed
Role: Executive Chairman

Exact text from the filing

named President and Chief Executive Officer, Joseph M. Otting, to the additional role of Executive Chairman of the Board of Directors of both the Company and Flagstar Bank, N.A. (the “Bank”), effective as of close of business on June 5, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Alessandro P. DiNello changed role as Non-Executive Chairman at FLAGSTAR BANK, NATIONAL ASSOCIATION.

Action: stepped down
Role: Non-Executive Chairman

Exact text from the filing

Alessandro P. DiNello will step down from his role as Non-Executive Chairman of the Company and the Bank as of the close of business on June 5, 2024.

View on SEC.gov

FLAGSTAR BANK, NATIONAL ASSOCIATION filing history →

Source: SEC EDGAR

accession 0000910073-24-000139

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