Flagstar Bank

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We are delighted to welcome Mark Pittsey to Flagstar where he will head our growing Private Bank and Wealth Management businesses. Reporting to Rich Raffetto, President of Commercial & Private Banking, Mark will be jointly based in Northern California and New York City. In previous leadership roles at top-tier institutions including HSBC, Deutsche Bank, and Wells Fargo, Mark has built product teams and managed client businesses from consumer banking through ultra-high-net-worth individuals and family offices. With a proven track record of delivering business results, Mark joins Flagstar at a critical moment in the bank’s continued forward progress. Mark’s extensive background not only informs his leadership style but also will help shape Flagstar’s strategic direction while underscoring the bank’s commitment to a client-centric focus in its private banking and wealth businesses. “Delivering customized relationship solutions with impeccable client service is the foundation of our business model. With Mark’s arrival, we’re further investing in growth and more closely integrating our private banking and wealth management franchises,” explains Rich Raffetto. “Mark is a respected leader in our industry. He combines strategic planning, dynamic leadership, and an effective communication style in working with entrepreneurs, high-net-worth families and their businesses. Mark is a seasoned executive with a vision for introducing client solutions across a spectrum of banking and investments.” Most recently, Mark served as Head of Global Private Banking Americas and Wealth and Distribution USA at HSBC, where he led all strategic, governance, operational, and business aspects of the private bank and retail wealth team. In this role, he managed 560 employees, and more than $80 billion in total private wealth assets and bank deposits. Prior to his executive role at HSBC, Mark held senior leadership positions at Deutsche Bank and Wells Fargo, where he successfully led teams and cultivated strong client relationships across Northern California and Seattle. “This is a great time to be joining Flagstar,” says Mark. “The bank is poised for meaningful growth as it continues its transformation into a leading super-regional bank. I am excited about collaborating with my new colleagues. Together, we will help elevate our private banking and wealth management offerings and ensure a seamless and comprehensive approach to meet the evolving needs of all client segments.” A warm welcome to you Mark! #FlagstarBank #Leadership #FlagstarPrivateBank

Congratulations to our 2024 President’s and Chairman’s Club members! Please join us in recognizing their commitment to helping their clients reach their homeownership goals. Thank you for all you do every day! #MortgageExcellence #CustomerService

This month, we’re bringing attention to our Women’s Employee Resource Group. These are Flagstar team members who come together to support women and promote leadership skills through mentorship, collaboration, and discussion. We’re proud of our efforts to foster an environment where all our teammates feel safe, supported, and empowered. #WomensHistoryMonth #ForAllWomen

We’re excited to celebrate #InternationalWomensDay, where we recognize social, economic, cultural, and political achievements of women around the world.

We’re still buzzing from the electrifying conversations had at the world-famous Le Bernardin in New York City. The venue’s renowned white-glove experience was a perfect reflection of our bespoke solutions and personalized client service. Welcoming our guests were Chairman & CEO Joseph Otting; CFO Lee Smith; Senior Executive Vice Presidents Richard Raffetto and Scott Shepherd. Our leadership and bankers engaged with clients to hear firsthand what matters to them. A special thank you to our guests for joining us and to Flagstar’s Erin Madden for her flawless planning and execution. #FlagstarPrivateBank #CommercialBanking #PrivateBanking

Let's celebrate the incredible work of the American Heart Association! Flagstar Private Bank attended the 70th annual Palm Beach Heart Ball as a platinum sponsor to support the organization's relentless fight against heart disease and stroke. Pictured are Joseph Otting, President & CEO, Lorena Takushi (guest), Michele Celestino, Head of Commercial & Private Bank - Southeast, Andy Roy, Sr. Director - Specialized Industries, Rich Raffetto, President of Commercial and Private Banking and William Nham, Commercial Lending Sr. Relationship Manager - Specialized Industries. Thank you to all who attended and made this event a success! #bankinthecommunity #supportnonprofits #privatebanking

We’re excited to announce that Jerry Wells has joined Flagstar as Managing Director and Head of Power and Renewables! Under the leadership of Adam Feit, Jerry brings over 15 years of experience in financial services, including extensive work in renewable energy project finance, and tax equity investments. His expertise will be instrumental in expanding our capabilities and deepening our commitment to the power and renewables sector. Throughout his career, Jerry has held key leadership roles at Bank of America, Regions Bank and City National Bank, managing teams across multiple markets, including the U.S. and Europe. His deep industry knowledge and strategic vision will allow Flagstar to better serve clients in renewable energy, infrastructure, and sustainability-focused industries. Please join us in welcoming Jerry to the team! Drop a comment to connect or share insights on the evolving energy landscape. #RenewableEnergy #ProjectFinance #EnergyTransition #PowerandRenewables #FlagstarBank #Leadership #Sustainability

Flagstar Bank branches and offices are closed in observance of the federal holiday. #BankHoliday #PresidentsDay