Flagstar Bank NA, the bank subsidiary of New York Community Bancorp Inc., recently announced the expansion of its commercial and private banking leadership team with the appointment of four accomplished senior executives.
Joining Flagstar’s senior leadership team, and reporting to Rich Raffetto, senior executive vice president and president of commercial and private banking is Joe Abruzzo, executive vice president and head of regional commercial banking and corporate banking, who
brings nearly 40 years of experience to Flagstar in commercial, corporate and private banking. He spent more than 26 years at JPMorgan after which he successfully transformed and managed the U.S. Commercial and Private Banking businesses at HSBC and Santander. Most recently, as head of commercial banking at Santander, he managed a national team of over 400 banking and treasury professionals serving the financial needs of more than 3,000 middle-market, mid-corporate, international, government and not-for-profit clients.
Rita Dailey, executive vice president, head of commercial deposits and payment solutions, joins Flagstar with 30 years of hands-on client relationship, product design and leadership experience, with a focus on profitability and strategic growth. Most recently, she served as head of small and medium enterprise products at Bank of the West where she was instrumental in developing new product strategies. Her background includes senior leadership roles at MUFG Union Bank and BMO/Bank of the West. She will be based on the East Coast and lead a national team serving commercial, real estate, business banking and wealth clients.
Mike Mason, executive vice president, head of credit products, commercial and private banking joins Flagstar with more than 30 years of experience in credit risk management, underwriting, credit portfolio strategy and product development. Previously he served at City National Bank, where he spearheaded a commercial lending transformation that established a new target operating model for credit delivery. Prior roles included Accenture Consulting, Bank of America Merrill Lynch.
Matt Dalany, senior vice president, head of specialized industries credit products joins Flagstar with more than 30 years of experience in specialized industries credit underwriting, risk governance and portfolio management. From 2017 to 2024, he led MUFG’s credit underwriting and portfolio management teams. Recently he played a key role in synchronizing the credit policies and risk management practices related to the merger with U.S. Bank. Previously, Dalany spent over 20 years at Bank of America Merrill Lynch in various roles.New York Community Bancorp Inc. is the parent company of Flagstar Bank NA, one of the largest regional banks in the country. The company is headquartered in Hicksville, New York, and at June 30, it had $119.1 billion of assets, $82.4 billion of loans, deposits of $79.0 billion, and total stockholders’ equity of $8.4 billion. Flagstar operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high-growth markets in the Southeast and West Coast. In addition, the bank has approximately 90 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net-worth individuals and their businesses.
