HICKSVILLE, N.Y., Sept. 7, 2021 /PRNewswire/ -- New York Community
Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced that
Douglas Pagliaro has joined the
Company as Senior Managing Director and Deputy Chief Digital and
Banking as a Service Officer. Mr. Pagliaro comes to New York Community with 28 years of banking
and financial services experience, including the past 11 years
involved in the digital and Banking as a Service (BaaS) space. He
has also spent half of his career focused on the alternative
deposits channel.
Prior to joining the Company, Mr. Pagliaro was Senior Vice
President and Executive Director at Kansas City-based UMB Financial (NASDAQ:
UMBF). During his tenure, he partnered with several leading FinTech
providers, implementing a number of BaaS initiatives and built one
of the largest alternative deposits programs in the industry.
Mr. Pagliaro is well respected within the FinTech community
and has authored a number of articles and blog posts about the
space.
Commenting on the hire, Chairman, President, and Chief Executive
Officer, Thomas R. Cangemi, said,
"We are extremely happy to have Doug join our team. His expertise
built over the past decade will enhance our deposit gathering
opportunities and jumpstart our BaaS capabilities and offerings.
Additionally, he will collaborate with the Company's current and
future FinTech partners."
In his new role, Mr. Pagliaro will report directly to Executive
Vice President and Chief Digital and Banking as a Service Officer,
Andrew Kaplan. Mr. Kaplan stated, "I
am very pleased that Doug has joined our growing digital banking
team. He has deep, long-standing relationships with some of the
largest financial institutions in the country, working with them on
their liquidity management strategies. Additionally, he will play a
key role engaging with FinTech companies, as we launch our digital
and BaaS initiatives."
Mr. Pagliaro commented, "I am honored to join the New York Community team. In my discussions
with Tom and Andrew, I have come away impressed with their approach
to the FinTech space and I am looking forward to leveraging my
expertise to help NYCB broaden its digital capabilities."
About New York Community Bancorp, Inc.
Based in
Hicksville, NY, New York Community
Bancorp, Inc. is a leading producer of multi-family loans on
non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York
Community Bank. At June 30, 2021, the Company reported assets
of $57.5 billion, loans of
$43.6 billion, deposits of
$34.2 billion, and stockholders'
equity of $6.9 billion.
Reflecting our growth through a series of acquisitions, the
Company operates 236 branches through eight local divisions, each
with a history of service and strength: Queens County Savings Bank,
Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt
Savings Bank, and Atlantic Bank in New
York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.
On April 26, 2021, the Company
announced that it entered into a definitive merger agreement to
acquire Flagstar Bancorp, Inc. The transaction was approved by both
sets of shareholders on August 4,
2021 and is expected to close during the fourth quarter,
subject to the satisfaction of certain closing conditions and the
receipt of all necessary regulatory approvals. Upon closing, the
combined company will have $85
billion in total assets, operate nearly 400 traditional
branches across nine states, and 86 retail lending offices across a
28 state footprint. It will also have significant scale in several
lines of business, including residential lending, mortgage
servicing, mortgage warehouse, and multi-family lending.
Cautionary Statements Regarding Forward-Looking
Information
Certain statements in this press release may
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A
of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended, with respect to
NYCB's beliefs, goals, intentions, and expectations regarding
NYCB's ability to achieve its financial and other strategic goals,
including those related to the pending merger with Flagstar
Bancorp.
Forward-looking statements are typically identified by such
words as "believe," "expect," "anticipate," "intend," "outlook,"
"estimate," "forecast," "project," "should," and other similar
words and expressions, and are subject to numerous assumptions,
risks, and uncertainties, which change over time.
Additionally, forward-looking statements speak only as of the
date they are made; NYCB does not assume any duty, and does not
undertake, to update such forward-looking statements. Furthermore,
because forward-looking statements are subject to assumptions and
uncertainties, actual results or future events could differ,
possibly materially, from those indicated in such forward-looking
statements as a result of a variety of factors, many of which are
beyond the control of NYCB. The factors that could cause actual
results to differ materially include the following: the occurrence
of any event, change or other circumstances that could give rise to
the right of any of the parties to the pending merger to terminate
the definitive merger agreement among NYCB, 615 Corp. and Flagstar;
the outcome of any legal proceedings that may be instituted against
NYCB or Flagstar; the possibility that the proposed transaction
will not close when expected or at all because required regulatory
or other approvals are not received or other conditions to the
closings are not satisfied on a timely basis or at all, or are
obtained subject to conditions that are not anticipated; the
possibility that the anticipated benefits of the proposed
transaction will not be realized when expected or at all; diversion
of management's attention from ongoing business operations and
opportunities; the possibility that NYCB may be unable to achieve
expected synergies and operating efficiencies in or as a result of
the proposed transaction within the expected timeframe or at all;
revenues following the proposed transaction may be lower than
expected; and the other factors discussed in the "Risk Factors"
section of NYCB's Annual Report on Form 10-K for the year
ended December 31, 2020, the "Risk Factors" section in NYCB's
Quarterly Report on Form 10-Q for the period ended
June 30, 2021, and in other reports NYCB files with the U.S.
Securities and Exchange Commission (the "SEC"), which are available
at http://www.sec.gov and in the "SEC Filings" section of NYCB's
website, https://ir.mynycb.com, under the heading "Financial
Information.
Investor/Media Contact: Salvatore J.
DiMartino
(516)
683-4286
View original content to download
multimedia:https://www.prnewswire.com/news-releases/new-york-community-bancorp-inc-names-douglas-pagliaro-as-senior-managing-director-and-deputy-chief-digital-and-banking-as-a-service-officer-301370174.html
SOURCE New York Community Bancorp, Inc.