06:27 AM EDT, 04/15/2024 (MT Newswires) -- New York Community Bancorp's ( NYCB/PU ) stock rose marginally early Monday after the troubled lender made a series of senior executive appointments, including the hiring of a new finance chief.

The regional bank named Craig Gifford as chief financial officer effective immediately, it said Friday. Gifford, who most recently served as executive vice president of US Bancorp's ( USB ) enterprise operations, will take over from John Pinto. The lender didn't disclose details of Pinto's departure.

The move comes after NYCB changed its chief executive twice this year. In February, it hired Alessandro DiNello as executive chairman and later as CEO at the end of the month to replace Thomas Cangemi. In the following month, the company named Joseph Otting to the top role and DiNello as non-executive chairman.

NYCB also appointed Bao Nguyen as general counsel and chief of staff, Scott Shepherd as head of commercial real estate lending and James Simons to a newly created role as special adviser to Otting. Shares of the bank have tumbled roughly 73% so far this year, but were up 0.7% in premarket activity.

"We are thrilled to welcome Craig, Bao, Scott and James to our executive team," Otting said in a statement. "Their collective expertise and deep industry knowledge will be instrumental in driving our strategic initiatives forward and solidifying our position as a leading regional bank."

The lender has been under pressure since the end of January when it swung to a fourth-quarter adjusted loss amid higher provisions linked to its exposure to the commercial real estate portfolio. In February, Moody's downgraded the bank's long-term ratings and kept them on review for further downgrade.

The company earlier said it will not be able to file its annual report on Form 10-K for 2023 in a timely manner, after finding "material weaknesses" in internal controls for reviewing loans due to "ineffective oversight, risk assessment and monitoring activities." It also disclosed a $2.4 billion goodwill impairment charge to its December quarter net income from transactions that occurred in 2007 and earlier.

Later in March, New York Community secured a $1.05 billion capital raise, but slashed its quarterly dividend by 80% as part of efforts to shore up its liquidity.