March 20 (Reuters) - Two New York Community Bancorp
directors, Lawrence Savarese and David Treadwell,
resigned from the board in March, the embattled lender said in a
filing on Wednesday.
Savarese chaired the audit committee and resigned on March
14, while Treadwell chaired the risk assessment committee and
stepped down on March 19.
The resignations were not due to any disagreement with NYCB
or its management, operations, policies or practices, NYCB said
in the filing.
The lender also appointed Alan Frank to the board on Tuesday
to serve as a member and chair of the audit committee.
Frank had previously worked in Deloitte & Touche LLP for
four decades and has significant experience in mergers and
acquisitions, financial reporting matters and initial public
offerings, according to the filing.
The boardroom reshuffle is the latest in a string of
executive changes that began since NYCB came under pressure when
it reported a surprise loss and slashed its dividend in January.
Earlier this month, the bank named a former Comptroller of
the Currency Joseph Otting as its CEO - the third to take over
since the crisis began, following the resignation of Thomas
Cangemi and the brief tenure of Alessandro DiNello.