WASHINGTON (dpa-AFX) - New York Community Bancorp Inc. (NYCB), the parent
company of Flagstar Bank, N.A., said that it appointed its President and Chief
Executive Officer, Joseph Otting, to the additional role of Executive Chairman
of the Board of both the Company and the Bank, effective as of the close of
business on June 5, 2024.

Alessandro 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. He will
continue to serve as a Board director and a senior advisor to the CEO.

Otting has had a long, distinguished career in banking including having served
as CEO of OneWest Bank from 2010 to 2015, as the 31st Comptroller of the
Currency from 2017 to 2020, and as Acting Director of the Federal Housing
Finance Agency in 2018. He was named President and CEO of the Company on April
1, 2024.



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