Flagstar Financial in Hicksville, N.Y., is ending 2024 with its third chief financial officer of this year.
The $114.4 billion-asset company said in a press release that Lee Smith would become CFO on Dec. 27. Smith, who was president of mortgage at Flagstar, will succeed Craig Gifford.
Gifford, who is leaving to “reengage in personal endeavors outside of the banking industry,” will remain with the bank through March 31.
“For more than a decade, Lee has been an instrumental member of Flagstar’s executive team,” Joseph Otting, Flagstar’s chairman, president and CEO, said in the release. “He is a proven leader with a strong track record, has the requisite experience and expertise, and possesses deep knowledge of the Company.”
Gifford became CFO in April, succeeding John Pinto.