Four seasoned executives join Flagstar's leadership team
Flagstar Bank, the parent company of wholesale lender Flagstar Mortgage, has continued to make big changes to its senior leadership team.
The company has announced significant additions to its leadership team as part of an ongoing expansion of its commercial and private banking divisions. The bank has appointed four senior executives, each bringing decades of experience, to help enhance its banking capabilities and drive innovation in product development.
The newly appointed leaders include:
- Joe Abruzzo, who joins as executive vice president and head of regional commercial banking and corporate banking. Abruzzo brings nearly 40 years of experience in commercial, corporate, and private banking, having previously held leadership roles at JPMorgan, HSBC, and Santander.
- Rita Dailey, now executive vice president and head of commercial deposits and payment solutions, comes to Flagstar with 30 years of experience in banking. She has held senior leadership roles at Bank of the West and BMO/Bank of the West.
- Mike Mason steps into the role of executive vice president and head of credit products for commercial and private banking. Mason has over three decades of experience in credit risk management and previously led transformation initiatives at City National Bank and Regions Financial.
- Matt Dalany, appointed senior vice president and head of specialized industries credit products, brings with him over 30 years of expertise in credit underwriting and risk management, particularly in specialized industries such as healthcare and technology.
The latest appointments come just two months after Flagstar added nine new executives in various departments, including commercial and private banking, credit, and risk management.
"Their arrival marks an advancement in our strategic focus, emphasizing four key areas: providing personalized service, offering expert advice, elevating product capabilities, and achieving exceptional credit risk management," Rich Raffetto, senior executive vice president and president of commercial and private banking, said in a Press release.
"We are excited to welcome four outstanding new senior executives to our commercial and private Banking team," said Joseph Otting, chairman, president, and CEO of Flagstar Bank. "Their deep expertise and impressive track records are crucial as we enhance our client coverage and advance both our product and commercial capabilities."
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