The Bank Slate


Flagstar taps new president for its private bank

Flagstar Bank in Hicksville, N.Y., has a new president for its private bank.

Flagstar, a unit of the $111 billion-asset New York Community Bancorp, said in a press release that Jason Birnbaum had also become an executive vice president. He is responsible for the day-to-day oversight of all private client banking teams.

Birnbaum succeeded Eric Howell, who is moving to a non-executive advisory role. Birnbaum joined Flagstar earlier this year from First Republic Bank, which was closed by regulators in May.

Flagstar also said that Reggie Davis, president of banking, had taken over responsibility of the private banking group. Birnbaum will report to Davis.

“The private banking group is a core business at Flagstar, with talented and dedicated teammates, who deliver tremendous value to their clients, and that will not change,” Davis said in the release.

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