financetom
Business
financetom
/
Business
/
NYCB discloses two departures from board of directors in March
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
NYCB discloses two departures from board of directors in March
Mar 20, 2024 5:37 PM

(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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
Exxon-led Guyana oil group's net jumps in 2023, margins top Nvidia's
Jun 25, 2024
By Kemol King and Sabrina Valle GEORGETOWN/HOUSTON, June 25 (Reuters) - Guyana's lucrative agreement with an Exxon Mobil ( XOM )-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp. The trio's combined net margin was 56%, greater than the 49%...
Ford Recalls 552,188 Vehicles Over Gear Shift Issue, NHTSA Says
Ford Recalls 552,188 Vehicles Over Gear Shift Issue, NHTSA Says
Jun 25, 2024
07:09 AM EDT, 06/25/2024 (MT Newswires) -- Ford Motor ( F ) is recalling 552,188 of its 2014 F-150 vehicles in the US due to a sensor issue that may cause the vehicle to unexpectedly downshift to first gear, the National Highway Traffic Safety Administration said. Some of the vehicles may experience a loss of signal between the transmission output...
Prime Mining Highlights Results From Drilling at Z-T Trend at Los Reyes Project in Mexico
Prime Mining Highlights Results From Drilling at Z-T Trend at Los Reyes Project in Mexico
Jun 25, 2024
07:06 AM EDT, 06/25/2024 (MT Newswires) -- Prime Mining ( PRMNF ) , which lost 2.7% yesterday, on Tuesday highlighted results from 2024 drilling at the Z-T Trend at the company's Los Reyes Project in Sinaloa State, Mexico. Among the highlights from the 15 core holes at Tahonitas, the company reported 6.93 grams per tonne gold-equivalent over 2 meters estimated...
Patriot Reports Results from CV5 Spodumene Pegmatite in Corvette Property in Quebec
Patriot Reports Results from CV5 Spodumene Pegmatite in Corvette Property in Quebec
Jun 25, 2024
07:03 AM EDT, 06/25/2024 (MT Newswires) -- Patriot Battery Metals ( PMETF ) late on Monday reported continued strong lithium mineralization over wide intervals from drilling at the CV5 spodumene pegmatite within the Corvette property in Quebec. Highlights of the results include 124.9 meters at 1.72% lithium oxide (Li2O) and 35.6 meters at 3.78% Li2O. This is the final batch...
Copyright 2023-2026 - www.financetom.com All Rights Reserved