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Flagstar Bank Extends CEO's Contract Through March 2028, Names Co-COOs (FLG:NYSE)

Summary by Seeking Alpha
Flagstar Bank extends CEO Joseph Otting’s contract to 2028 and names new co-presidents/COOs.

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Flagstar Bank Extends CEO's Contract Through March 2028, Names Co-COOs (FLG:NYSE)

Flagstar Bank extends CEO Joseph Otting’s contract to 2028 and names new co-presidents/COOs.

·United States
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American BankerAmerican Banker

Amid turnaround, Flagstar rewards CEO Otting, names co-presidents

Flagstar Bank extended Joseph Otting's employment contract by one year and granted him new stock awards. Simultaneously, the bank promoted two executives to serve as co-presidents, in a move that could be a hint at CEO succession plans.

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stocktitan.netstocktitan.net

Two Flagstar Bank execs take co-president, co-COO roles in leadership shift

Board cites return to profitability as it extends CEO Joseph Otting's term to March 6, 2028 and elevates Raffetto and Smith to co-presidents and co-COOs.

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stocktitan.net broke the news on Monday, May 18, 2026.
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