This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Flagstar Announces Executive Leadership Appointments

TROY, Mich., Dec. 21, 2012 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC), together with its subsidiary, Flagstar Bank, FSB (the "Company") today announced two appointments to the Company's executive leadership team.  Alessandro ("Sandro") DiNello, currently Executive Vice President, Personal Financial Services, has been named President and Chief Administrative Officer of Flagstar Bank and Matthew Kerin, currently Executive Vice President, Managing Director of Mortgage Banking, has been named President, Mortgage Banking.  The formal appointments are subject to receipt of regulatory non-objection.

"We are pleased to congratulate Sandro and Matt on their new roles," said Michael Tierney, President and Chief Executive Officer of Flagstar Bancorp, Inc.  "Together they have over 60 years of financial services expertise across retail, consumer and commercial banking, and I know that they will continue to enhance Flagstar's culture of compliance in their respective business areas.  Sandro and Matt are both committed to the continued safety and soundness of Flagstar, with a strong focus on quality, risk management and good governance, and together, we will lead Flagstar into the future."

As President and CAO of Flagstar Bank, Mr. DiNello will be responsible for all banking operations.  Mr. DiNello will also lead the Company's efforts to coordinate and ensure compliance with its regulatory agreements.  He joined the Company in 1979 and has served in various senior management roles, including Executive Vice President, Retail Banking.

"I look forward to taking this new position at Flagstar," Mr. DiNello said.  "Having been a part of this organization for over 30 years, I have never been as excited about our future as I am today.  While there is still work to be done to further enhance our risk management and controls, systems and processes, we remain focused on continuing to do so.  We are building a best-in-class bank that utilizes first-rate management information systems and operational metrics to drive every decision that we make.  Our renewed focus on technology and information, as well as our strong commitment to good governance, will prepare Flagstar, its management and its board for success for years to come."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.58 -1.00%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs