This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

New York Community Bancorp, Inc. Announces The Appointment Of Lawrence Rosano, Jr. To Its Board Of Directors

Stocks in this article: NYCB

New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") today announced the appointment of real estate development and real estate manager Lawrence Rosano, Jr. to the Boards of Directors of the Company and its subsidiary banks, New York Community Bank and New York Commercial Bank (the "Banks"), effective July 22, 2014.

Mr. Rosano, age 61, currently serves as the President of two New York real estate development and management corporations, Associated Development Corp. and Associated Properties, Inc. He has held these positions since May 1984 and September 2002, respectively. In addition, Mr. Rosano has been a member of 460 Grand Street Realty LLC, a New York limited liability company, since August 2013.

Over the course of his career, Mr. Rosano has overseen the design, construction, and marketing of numerous large-scale residential developments, multi-family properties, and commercial properties throughout New York City and Nassau County, which are the primary markets for the Company’s loans. In recognition of his expertise in real estate, Mr. Rosano was appointed by former New York City Mayor Michael Bloomberg in 2006 and 2007 to serve as an industry representative on two Task Forces under the aegis of the City’s Department of Environmental Protection.

Commenting on Mr. Rosano’s appointment to the Boards, the Company's President and Chief Executive Officer, Joseph R. Ficalora, stated, "With his significant expertise in real estate and knowledge of our primary market, Lawrence Rosano is an apt addition to our Board. In addition to developing and managing properties comparable to those we typically finance, he embraces the concept of community involvement that is so essential to us as the nation’s largest community bank. We look forward to reaping the benefit of his experience and knowledge, and his contributions as a member of the Mortgage and Real Estate Committee of the Community Bank Board.”

About New York Community Bancorp, Inc.

With assets of $48.6 billion at June 30, 2014, New York Community Bancorp, Inc. is the 20th largest bank holding company in the nation and a leading producer of multi‐family loans in New York City, with an emphasis on apartment buildings that are rent-regulated and feature below‐market rents. The Company has two bank subsidiaries: New York Community Bank, a thrift, with over 240 branches serving customers throughout Metro New York, New Jersey, Florida, Ohio, and Arizona; and New York Commercial Bank, with 30 branches serving customers in Manhattan, Queens, Brooklyn, Long Island, and Westchester County in New York.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs