05:21 PM EDT, 06/04/2024 (MT Newswires) -- New York Community Bancorp ( NYCB/PU ) said late Tuesday that Chief Executive and President Joseph M. Otting will also assume the executive chairman role.

Alessandro P. DiNello will step down as nonexecutive chairman, but will continue to serve as a director and a senior adviser to CEO, the company said.

The changes will be effective as of the close of business Wednesday.

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