FLAGSTAR BANK IMPLEMENTS WORKFORCE CHANGES AS PART OF ITS CONTINUED TRANSFORMATION AND COST REDUCTION STRATEGY
COSTCostco(COST) Prnewswire·2024-10-18 06:52

HICKSVILLE, N.Y., Oct. 17, 2024 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of New York Community Bancorp, Inc., (NYSE: NYCB) (the "Company"), today announced a workforce reduction as part of its strategic transformation plan, consistent with the business strategy outlined previously, and aimed at further integrating its three legacy banks that were united through acquisitions.Commenting on the reduction, Joseph Otting, Chairman, President and CEO stated, "We want to express our appreciat ...