Flagstar Bancorp Inc., together with its subsidiary, Flagstar Bank FSB have announced two appointments to the company’s executive leadership team. Alessandro DiNello, currently executive vice president, personal financial services, has been named president and chief administrative officer of Flagstar Bank and Matthew Kerin, currently EVP, managing director of mortgage banking, has been named president of mortgage banking. The formal appointments are subject to receipt of regulatory non-objection.
“We are pleased to congratulate Sandro and Matt on their new roles,” said Michael Tierney, president and CEO of Flagstar Bancorp. “Together they have over 60 years of financial services expertise across retail, consumer and commercial banking, and I know that they will continue to enhance Flagstar’s culture of compliance in their respective business areas. Sandro and Matt are both committed to the continued safety and soundness of Flagstar, with a strong focus on quality, risk management and good governance, and together, we will lead Flagstar into the future.”
As president of Flagstar’s Mortgage Banking Division, Kerin will have overarching responsibility for all mortgage-related functions, with an emphasis on risk management, operational efficiency and quality control.
“My team and I, as well as Flagstar’s executive management team and board of directors, are firmly committed to building a sustainable mortgage business with an emphasis on risk management, quality control and operational excellence. We are building a best-in-class mortgage banking operation,” said Kerin.
Prior to joining the company in 2009, Kerin served as head of corporate specialties at Sovereign Bancorp, overseeing multiple business units including mortgage banking and warehouse lending. Before Sovereign Bank, he held various senior management roles at Columbia Managing Distributors, FleetBoston Shawmut Bank and Hartford National Bank.
As president and CAO of Flagstar Bank, DiNello will be responsible for all banking operations. DiNello will also lead the company’s efforts to coordinate and ensure compliance with its regulatory agreements. He joined the company in 1979 and has served in various senior management roles, including EVP of retail banking.
“I look forward to taking this new position at Flagstar,” DiNello said. “Having been a part of this organization for over 30 years, I have never been as excited about our future as I am today. While there is still work to be done to further enhance our risk management and controls, systems and processes, we remain focused on continuing to do so. We are building a best-in-class bank that utilizes first-rate management information systems and operational metrics to drive every decision that we make. Our renewed focus on technology and information, as well as our strong commitment to good governance, will prepare Flagstar, its management and its board for success for years to come.”