New York Community Bancorp, Inc. (NYSE: NYCB) today announced several changes to its Board of Directors. Michael J. Levine has been appointed Non-Executive Chairman of the Boards of Directors of the Company and New York Community Bank. Mr. Levine has been a director since 2004 and has served as the Company's Independent Presiding Director since 2014. In addition, he has served on several Committees, including as Chairman of the Nominating and Corporate Governance and Risk Assessment Committees. Mr. Levine is both the President of Norse Realty Group, Inc. and Affiliates and a certified public accountant and retired partner with the firm Levine & Schmutter CPA, LLP.
The Board's current Non-Executive Chairman, Dominick Ciampa, will remain as a director of both the Company and Bank boards. Mr. Ciampa has served as Non-Executive Chairman since December 2010 and has served as a director of both the Company and the Bank since 1995. Mr. Ciampa is the founder of, and a former Partner in, the Ciampa Organization, a Queens-based real estate development and management firm founded in 1975, which continues to be operated by other family members.
Additionally, Hanif "Wally" Dahya has been named as the Company's new Independent Presiding Director. Mr. Dahya has served as a director of both the Company and the Bank since 2007 and currently serves on several committees including the Audit, Nominating and Corporate Governance, and the Risk Assessment Committees. He also chairs the Bank's Commercial Credit Committee. Mr. Dahya is the Chief Executive Officer of The Y Company LLC, a private investment firm which focuses on emerging-market companies in the information, communications, financial, and environmental services industries. Prior to The Y Company, Mr. Dahya spent 14 years on Wall Street, including as head of the Mortgage-Backed Securities Group at UBS Securities Inc., and as a partner at Sandler O'Neill + Partners L.P.
Commenting on the new Board appointments, President and Chief Executive Officer, Thomas R. Cangemi stated, "I would like to thank Mr. Ciampa for his service as Non-Executive Chairman for the past 10 years and I look forward to his continued involvement on the Board. Today's announcement marks the next step in the evolution of the Company's strong corporate governance practices. The combined experience of each of these directors will provide me and the other Board members valuable insights on a variety of matters as we move forward".
About New York Community Bancorp, Inc.
Based in Westbury, NY, New York Community Bancorp, Inc. is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank. At September 30, 2020, the Company reported assets of $54.9 billion, loans of $42.9 billion, deposits of $31.7 billion, and stockholders' equity of $6.7 billion.
Reflecting our growth through a series of acquisitions, the Company operates 236 branches through eight local divisions, each with a history of service and strength: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona.
