NEW YORK COMMUNITY BANCORP, INC. CONTINUES TO STRENGTHEN MANAGEMENT TEAM AND ENHANCE RISK FRAMEWORK
HICKSVILLE, N.Y., March 1, 2024 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) (the "Company") today announced the appointments of George F. Buchanan III as Executive Vice President and Chief Risk Officer and Colleen McCullum as Executive Vice President and Chief Audit Executive, effective immediately.
- The leadership team identified the material weaknesses disclosed yesterday and has been taking the necessary steps to address them, including appointing new executives.
- Mr. Buchanan brings over 30 years of financial services-related risk management and credit experience, having previously held roles at First Union, AmSouth Bank, US Bank, and Regions Bank.
- George and Colleen are proven leaders with large bank and public company expertise and successful track records of delivering operational excellence.
- George's risk management experience, coupled with Colleen's audit acumen, will be important as we continue to upgrade our executive leadership team and ensure we execute on our goals."