---
schema_version: "secwatch.filing_event.v1"
accession: "0000910073-24-000139"
form_type: "8-K"
ticker: "FLG"
cik: "0000910073"
company_name: "FLAGSTAR BANK, NATIONAL ASSOCIATION"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:41:01.538389+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000910073-24-000139
- form_type: 8-K
- ticker: FLG
- cik: 0000910073
- company_name: FLAGSTAR BANK, NATIONAL ASSOCIATION
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/910073/000091007324000139/0000910073-24-000139-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/910073/000091007324000139/nycb-20240604.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000910073-24-000139
- JSON: https://secwatch.observer/filing/0000910073-24-000139.json
- Plain text: https://secwatch.observer/filing/0000910073-24-000139.txt

## Key facts
- Executive change
  Joseph M. Otting was appointed as Executive Chairman at FLAGSTAR BANK, NATIONAL ASSOCIATION.
  - Action: appointed
  - Role: Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000091007324000139/0000910073-24-000139-index.htm
- Executive change
  Alessandro P. DiNello changed role as Non-Executive Chairman at FLAGSTAR BANK, NATIONAL ASSOCIATION.
  - Action: stepped down
  - Role: Non-Executive Chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/910073/000091007324000139/0000910073-24-000139-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.