NEW YORK COMMUNITY BANCORP, INC.


Associated tags: Flagstar Bank, New York Community Bank, NYCB, Greater Community Bancorp, Bank, NYSE, Community Bank, Flagstar

Locations: NEW JERSEY, MICHIGAN, LANDIS, COLLEEN, NEW YORK, ERNST

NEW YORK COMMUNITY BANCORP, INC. TO REPORT FIRST QUARTER 2024 EARNINGS AND HOST CONFERENCE CALL ON MAY 1ST

Retrieved on: 
Tuesday, April 30, 2024

HICKSVILLE, N.Y., April 30, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2024 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, May 1, 2024.

Key Points: 
  • HICKSVILLE, N.Y., April 30, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that it plans to issue results for the three months ended March 31, 2024 at approximately 7:00 a.m. Eastern Time (ET) on Wednesday, May 1, 2024.
  • You will receive an earnings release and presentation, both of which will be posted to the Investor Relations portion of the Company's website, ir.myNYCB.com.
  • Management apologizes for the late notification of the date of the Company's earnings call.
  • The conference call will be simultaneously webcast at ir.myNYCB.com and archived through 5:00 p.m. on May 29, 2024.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS

Retrieved on: 
Friday, April 26, 2024

HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders.

Key Points: 
  • HICKSVILLE, N.Y., April 26, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that Wednesday, June 5th, has been established as the new date of its 2024 Annual Meeting of Shareholders.
  • The date of record for voting at the Annual Meeting will be April 12, 2024.
  • Shareholders of the Company as of the record date will be entitled to receive notice of, and vote at, the Annual Meeting.
  • Further details regarding the Annual Meeting, including how to participate in the Annual Meeting, will be included in the Company's Proxy Statement and Notice of Annual Meeting of Shareholders to be sent and made available to shareholders and filed with the Securities and Exchange Commission.

New York Community Bancorp, Inc. Bolsters Executive Team with Four Strategic Appointments

Retrieved on: 
Friday, April 12, 2024

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.

Key Points: 
  • 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.
  • 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."

FLAGSTAR BANK OPENS APPLICATIONS FOR FIFTH ANNUAL MORTGAGETECH ACCELERATOR

Retrieved on: 
Monday, March 18, 2024

HICKSVILLE, N.Y. and TROY, Mich., March 18, 2024 /PRNewswire/ -- Flagstar Bank, N.A., the bank subsidiary of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company" and "Flagstar"), today announced it is now accepting applications for its fifth annual MortgageTech Accelerator program.

Key Points: 
  • HICKSVILLE, N.Y. and TROY, Mich., March 18, 2024 /PRNewswire/ -- Flagstar Bank, N.A., the bank subsidiary of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company" and "Flagstar"), today announced it is now accepting applications for its fifth annual MortgageTech Accelerator program.
  • Flagstar 2024 MortgageTech Accelerator program participation benefits include:
    Informal sessions on compliance and regulatory strategies with attorneys from the Consumer Finance and Fintech practice at Sheppard Mullin, a leading, global law firm
    "In our fifth year of this program, Flagstar's MortgageTech Accelerator has introduced us to talented fintechs who innovate across every segment of the mortgage process.
  • "Flagstar's MortgageTech Accelerator connected Greenline with an ideal launch pad in 2023," said Daniel Hayes, CEO of Greenline.
  • The accelerator program is delivered remotely and is open to any startup applicant who can participate in sessions that will be scheduled in the U.S.

NEW YORK COMMUNITY BANCORP, INC. FILES ITS FULL YEAR 2023 FORM 10-K

Retrieved on: 
Thursday, March 14, 2024

HICKSVILLE, N.Y., March 14, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced the filing of its Form 10-K for the year ended December 31, 2023.

Key Points: 
  • HICKSVILLE, N.Y., March 14, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced the filing of its Form 10-K for the year ended December 31, 2023.
  • As previously disclosed, the material weaknesses identified by the Company did not impact the financial results included in the Form 10-K.
    Additional information can be found at our Investor Relations website, https://ir.mynycb.com .

NEW YORK COMMUNITY BANCORP, INC. CLOSES OVER $1 BILLION EQUITY INVESTMENT STRENGTHENING BALANCE SHEET AND LIQUIDITY POSITION

Retrieved on: 
Tuesday, March 12, 2024

HICKSVILLE, N.Y., March 11, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") announced today it completed the previously announced transactions resulting in individual investments aggregating to approximately $1.05 billion in the Company by Liberty Strategic Capital ("Liberty"), funds managed by Hudson Bay Capital Management ("Hudson Bay"), funds managed by Reverence Capital Partners ("Reverence Capital"), and other investors (collectively, the "Investors").

Key Points: 
  • Our Company enters this next phase with an enhanced balance sheet and liquidity position."
  • We believe that this transaction has strengthened the Company's balance sheet and liquidity position and look forward to working with management and the dedicated workforce of NYCB to deliver shareholder value."
  • Mr. DiNello, Marshall Lux, Lawrence Savarese, Peter Schoels, David Treadwell and Jennifer Whip remain members of the Board.
  • In addition, in connection with Reg Y Transfers, the Series C Preferred Stock is automatically convertible into 1,000 shares of our common stock.

NEW YORK COMMUNITY BANCORP, INC. TO HOST INVESTOR CONFERENCE CALL ON THURSDAY, MARCH 7, 2024 AT 8:00 AM ET

Retrieved on: 
Wednesday, March 6, 2024

The conference call details follow.

Key Points: 
  • The conference call details follow.
  • The Company will host a conference call at 8:00 a.m. (ET) on Thursday, March 7, 2024.
  • The conference call may be accessed by dialing (877) 407-8293 (for domestic calls) or (201) 689-8349 (for international calls) and asking for "New York Community Bancorp" or "NYCB".
  • In addition, the conference call will be simultaneously webcast, along with the related materials, at ir.myNYCB.com, and archived, together with the accompanying PowerPoint slides, through 5:00 p.m. on April 4, 2024.

NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES OVER $1 BILLION EQUITY INVESTMENT ANCHORED BY FORMER U.S. TREASURY SECRETARY STEVEN MNUCHIN'S LIBERTY STRATEGIC CAPITAL, HUDSON BAY AND REVERENCE CAPITAL

Retrieved on: 
Wednesday, March 6, 2024

HICKSVILLE, N.Y., March 6, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("NYCB" or the "Company") today announced that Liberty Strategic Capital ("Liberty"), Hudson Bay Capital ("Hudson Bay"), Reverence Capital Partners ("Reverence Capital"), Citadel Securities ("Citadel"), other institutional investors and certain members of the Company's management (collectively, the "Investors") will make a combined over $1 billion investment in the Company, subject to finalization of definitive documentation and receipt of applicable regulatory approvals. Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.  

Key Points: 
  • Liberty is expected to invest $450 million, Hudson Bay will invest $250 million, and Reverence will invest $200 million as part of the transaction.
  • Secretary Steven Mnuchin stated, "In evaluating this investment, we were mindful of the Bank's credit risk profile.
  • We enter this next chapter with a strong balance sheet and liquidity position supported by a diversified and retail focused deposit base.
  • Sullivan & Cromwell LLP is serving as legal counsel to Liberty Strategic Capital.

NEW YORK COMMUNITY BANCORP, INC. CONTINUES TO STRENGTHEN MANAGEMENT TEAM AND ENHANCE RISK FRAMEWORK

Retrieved on: 
Friday, March 1, 2024

HICKSVILLE, N.Y., March 1, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced the appointments of George F. Buchanan III as Executive Vice President and Chief Risk Officer and Colleen McCullum as Executive Vice President and Chief Audit Executive, effective immediately.

Key Points: 
  • The leadership team identified the material weaknesses disclosed yesterday and has been taking the necessary steps to address them, including appointing new executives.
  • Mr. Buchanan brings over 30 years of financial services-related risk management and credit experience, having previously held roles at First Union, AmSouth Bank, US Bank, and Regions Bank.
  • George and Colleen are proven leaders with large bank and public company expertise and successful track records of delivering operational excellence.
  • George's risk management experience, coupled with Colleen's audit acumen, will be important as we continue to upgrade our executive leadership team and ensure we execute on our goals."

NEW YORK COMMUNITY BANCORP, INC. APPOINTS ALESSANDRO DINELLO AS PRESIDENT AND CEO AND MARSHALL LUX AS PRESIDING DIRECTOR OF THE BOARD

Retrieved on: 
Thursday, February 29, 2024

Mr. DiNello succeeds Thomas R. Cangemi, who has stepped down as President and Chief Executive Officer after 27 years with the Company.

Key Points: 
  • Mr. DiNello succeeds Thomas R. Cangemi, who has stepped down as President and Chief Executive Officer after 27 years with the Company.
  • In addition, Marshall Lux, a financial services industry leader who has served as an independent director since 2022, has been named Presiding Director of the Board, effective immediately, following Hanif "Wally" Dahya stepping down as the Board's Presiding Director and as a director.
  • "It is my mandate as President and CEO, alongside our Board, to continue our transformation into a larger, more diversified commercial bank," said Mr. DiNello.
  • The changes we're making to our Board and leadership team are reflective of a new chapter that is underway."