HICKSVILLE, N.Y. , Dec. 13, 2024 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") today announced the appointment of Brian Callanan , Senior Managing Director and General Counsel at Liberty Strategic Capital ("Liberty"), to its Board of Directors, effective December 16, 2024 . Commenting on the appointment, Joseph M. Otting , Chairman, President, and CEO said, "I'm pleased to have Brian join our Board. His proven track record and expertise in financial services, along with his strategic insights will be instrumental as we continue to execute on our transformation and long-term vision. Brian's perspectives will provide valuable guidance, and his leadership will play a critical role in driving sustainable growth, ensuring we achieve long-term success and maximize the value we deliver to our shareholders, employees, and clients." Callanan is a distinguished lawyer with extensive experience in financial regulation, regulatory compliance, and financial technology. At Liberty, Callanan leads the firm's legal function, serves on its Investment Committee, and focuses on financial sector investments. Prior to joining Liberty, he served as General Counsel of the U.S. Department of the Treasury, overseeing 2,000 lawyers across the department. As Chief General Counsel, he played a key role in major initiatives such as economic rescue programs during COVID-19, the design of new economic sanctions, and the implementation of tax reform. While serving as Deputy General Counsel, Callanan managed major litigation and advised on regulatory reform efforts, among other responsibilities. For his service, he received the Alexander Hamilton Award, the department's highest honor. This appointment aligns with the $1.05 billion equity investment in March 2024 , which stipulated that two Board seats would be granted to lead investor Liberty Strategic Capital. With Callanan's addition, the Company's Board of Directors, which was reconstituted earlier in 2024, expands to nine members, including Chairman, President, and Chief Executive Officer, Joseph M. Otting , Milton Berlinski , Alessandro P. DiNello , Alan Frank , Marshall Lux , Lead Independent Director Secretary Steven T. Mnuchin , Allen Puwalski , and Jennifer Whip. About Flagstar Financial, Inc. Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York . At September 30, 2024, the Company had $114.4 billion of assets, $73.0 billion of loans, deposits of $83 .0 billion, and total stockholders' equity of $8 .6 billion. Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses. Cautionary Statements Regarding Forward-Looking Statements This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on our capital ratios of the approval of certain proposals approved by our shareholders during our 2024 annual meeting of shareholders; (i) the conversion or exchange of shares of the Company's preferred stock; (j) the payment of dividends on shares of the Company's capital stock, including adjustments to the amount of dividends payable on shares of the Company's preferred stock; (k) the availability of equity and dilution of existing equity holders associated with amendments to the 2020 Omnibus Incentive Plan; (l) the effects of the reverse stock split; and (m) transactions relating to the sale of our mortgage business and mortgage warehouse business. Forward‐looking statements are typically identified by such words as "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "should," "confident," and other similar words and expressions, and are subject to numerous assumptions, risks, and uncertainties, which change over time. Additionally, forward‐looking statements speak only as of the date they are made; the Company does not assume any duty, and does not undertake, to update our forward‐looking statements. Furthermore, because forward‐looking statements are subject to assumptions and uncertainties, actual results or future events could differ, possibly materially, from those anticipated in our statements, and our future performance could differ materially from our historical results. Our forward‐looking statements are subject to, among others, the following principal risks and uncertainties: general economic conditions and trends, either nationally or locally; conditions in the securities, credit and financial markets; changes in interest rates; changes in deposit flows, and in the demand for deposit, loan, and investment products and other financial services; changes in real estate values; changes in the quality or composition of our loan or investment portfolios, including associated allowances and reserves; changes in future allowance for credit losses, including changes required under relevant accounting and regulatory requirements; the ability to pay future dividends; changes in our capital management and balance sheet strategies and our ability to successfully implement such strategies; recent turnover in our Board of Directors and our executive management team; changes in our strategic plan, including changes in our internal resources, procedures and systems, and our ability to successfully implement such plan; changes in competitive pressures among financial institutions or from non‐financial institutions; changes in legislation, regulations, and policies; the imposition of restrictions on our operations by bank regulators; the outcome of pending or threatened litigation, or of investigations or any other matters before regulatory agencies, whether currently existing or commencing in the future; the success of our blockchain and fintech activities, investments and strategic partnerships; the restructuring of our mortgage business; our ability to recognize anticipated expense reductions and enhanced efficiencies with respect to our recently announced strategic workforce reduction; the impact of failures or disruptions in or breaches of the Company's operational or security systems, data or infrastructure, or those of third parties, including as a result of cyberattacks or campaigns; the impact of natural disasters, extreme weather events, military conflict (including the Russia / Ukraine conflict, the conflict in Israel and surrounding areas, the possible expansion of such conflicts and potential geopolitical consequences), terrorism or other geopolitical events; and a variety of other matters which, by their nature, are subject to significant uncertainties and/or are beyond our control. Our forward-looking statements are also subject to the following principal risks and uncertainties with respect to our merger with Flagstar Bancorp, which was completed on December 1, 2022 , and our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction: the possibility that the anticipated benefits of the transactions will not be realized when expected or at all; the possibility of increased legal and compliance costs, including with respect to any litigation or regulatory actions related to the business practices of acquired companies or the combined business; diversion of management's attention from ongoing business operations and opportunities; the possibility that the Company may be unable to achieve expected synergies and operating efficiencies in or as a result of the transactions within the expected timeframes or at all; and revenues following the transactions may be lower than expected. Additionally, there can be no assurance that the Community Benefits Agreement entered into with NCRC, which was contingent upon the closing of the Company's merger with Flagstar Bancorp, Inc., will achieve the results or outcome originally expected or anticipated by us as a result of changes to our business strategy, performance of the U.S. economy, or changes to the laws and regulations affecting us, our customers, communities we serve, and the U.S. economy (including, but not limited to, tax laws and regulations). More information regarding some of these factors is provided in the Risk Factors section of our Annual Report on Form 10‐K/A for the year ended December 31, 2023, Quarterly Report on Forms 10-Q for the quarters ended March 31, 2024 , June 30, 2024 , and September 30, 2024 , and in other SEC reports we file. Our forward‐looking statements may also be subject to other risks and uncertainties, including those we may discuss in this news release, on our conference call, during investor presentations, or in our SEC filings, which are accessible on our website and at the SEC's website, www.sec.gov . Investor Contact: Salvatore J. DiMartino (516) 683-4286 Media Contact: Nicole Yelland (248) 219-9234 View original content to download multimedia: https://www.prnewswire.com/news-releases/flagstar-financial-inc-appoints-brian-callanan-to-board-of-directors-302331692.html SOURCE Flagstar Financial, Inc.DENVER (AP) — Travis Hunter made a pair of proclamations Thursday: He’s for sure entering the NFL draft after this season, but not until he sees Colorado all the way through the College Football Playoff — if the Buffaloes make it there. The first was already a given for the draft-eligible junior who plays both receiver and cornerback. The second is a risk-reward play for a projected high first-round pick who averages around 120 snaps a game. In years past, it took two extra postseason wins to capture a national title. Now, it could take up to four additional contests. That’s more of a chance to shine, but also more chance for an injury. “I don’t think nobody will opt out because you’re showing NFL teams that you’re more focused on something else, other than the team goal,” Hunter said of the expanded 12-team College Football Playoff. “So I don’t think players are going to opt out of the playoffs.” Hunter and quarterback Shedeur Sanders chatted Thursday in a set of Zoom calls about turning around the program at Colorado (from 4-8 last season to bowl eligibility), chasing a Big 12 title, turning pro — Hunter acknowledged he will “for sure” — and, of course, the Heisman race, where Hunter is currently the odds-on favorite in an award each wants to see the other win. “He’s deserving of it, and if it’s between me and him, I want him to get it,” said Sanders, whose 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP ) travel to Arrowhead Stadium to face Kansas (4-6, 3-4) this weekend. “He does a lot of amazing things that have never been done before.” Countered Hunter: “I know he wants me to win it, but I also want him to win as bad as I want to win it.” Hunter is a generational talent shining on both sides of the ball. As a receiver, he has 74 catches for 911 yards and nine touchdowns. On defense, he has picked off three passes, even though teams are reluctant to throw his direction. Like he did in high school and now in college, he believes he can do both on the next level. But he understands the trepidation of the NFL team that picks him. “They don’t want their top pick to go down too early," Hunter said. “I like when people tell me I can’t do it, because they just motivate me to continue to do what I want to do.” Sanders is turning in a stellar season as well with 27 touchdown passes, one away from tying Sefo Liufau for the most in a single season in program history. He's projected to be one of the first QBs off the draft board. The future certainly looks bright at Colorado thanks to the legacies Sanders and Hunter under coach Deion Sanders. But that's a point to ponder later. “I can’t think too much forward past Saturday,” Shedeur Sanders cracked. “The main thing is winning the Big 12 championship. That’s the main thing we’re focused on." Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football
HE only scored four goals whilst playing for Celtic. It might not have been many but at least they were all celebrated by fans. 2 He celebrated in front of a silent away crowd Credit: Reuters 2 It took his fans ages to realise he had opened the scoring Credit: Reuters Vakoun Bayo, 27, was left a bit puzzled when he found the net for Watford after just eight minutes at Plymputh tonight. That's because the whole away section seemed to have been caught napping and were unaware the Ivorian striker had found the back of the net - at least for a few seconds. The former Celtic flop has been in fine form for the Hornets this season ever since returning to the club on loan from Udinese. He had scored six league goals before this evening - but now he has added another to his tally. read more football stories UNHAPPY BHOY Furious Celtic fan calls out fellow Hoops supporters who 'discredit our brand' TALK OF THE TYNE Hearts v Celtic tips: Get up to £40 in free football bets at talkSPORT BET It took some time for Watford fans to realise he had found the back of the net for seventh time though. The striker slid into the back post to slot home a cross but his effort deflected off Plymouth keeper Daniel Grimshaw on the way in. The flashpoint seemed to have caused confusion as the stadium fell silent - albeit expected from the home crowd. But away supporters didn't react either before they realised what had happened several seconds later. Most read in Football LEAVE IT OUT Rangers boss Clement shuts down reporter who quizzed him on his future JIM DELAHUNT Our man's tips on Gers v United, Hearts v Hoops & all the weekend action 'LONGER-TERM' Rangers boss Philippe Clement provides grim Neraysho Kasanwirjo update UNHAPPY BHOY Furious Celtic fan calls out fellow Hoops supporters who 'discredit our brand' Dan Goodman, who has been commentating on English football for years, even admitted he couldn't recall a moment like it. Reacting to the goal during Sky Sports' live coverage, he said: "Well, that is one of the strangest reactions to a goal I've ever seen from an away section. They had no idea where the ball had gone." Many punters were stunned by the lack of noise as well, with some joking the supporters must have been watching the game on a stream. One said: "Were the fans in the ground watching on a stream? What happened?" Someone else added: "Did Watford forget to plug the Ethernet cable in?" A third laughed: "Away fans watching the game on a Fire Stick??" Watford's lead was cancelled out later in the second half after Andre levelled it for the hosts. But Watford regained their advantage before heading into the break after Scotland star and former Hibs defender Ryan Porteous made it two. However, a stoppage time equaliser from Gray again meant both teams took a share of the points. Keep up to date with ALL t h e latest news and transfers at the Scottish Sun football pageNo. 14 Kentucky women roll past Arizona State with scoring and rebounding balance 77-61
DAYTONA BEACH, Fla. (AP) — RJ Felton had 21 points in East Carolina's 71-64 victory over Stetson on Friday. Felton also added eight rebounds for the Pirates (5-1). Joran Riley scored 14 points while going 4 of 11 and 5 of 6 from the free-throw line and added five rebounds. Cam Hayes shot 3 for 7 (2 for 4 from 3-point range) and 5 of 6 from the free-throw line to finish with 13 points. The Hatters (1-5) were led in scoring by Mehki, who finished with 15 points and two steals. Abramo Canka added 14 points for Stetson. Jordan Wood had 12 points. East Carolina led Stetson at the half, 39-33, with Hayes (10 points) its high scorer before the break. East Carolina took the lead for good with 6:56 left in the second half on a free throw from Felton to make it a 60-59 game. The Associated Press created this story using technology provided by and data from .
The first was already a given for the draft-eligible junior who plays both receiver and cornerback. The second is a risk-reward play for a projected high first-round pick who averages around 120 snaps a game. In years past, it took two extra postseason wins to capture a national title. Now, it could take up to four additional contests. That’s more of a chance to shine, but also more chance for an injury. “I don’t think nobody will opt out because you’re showing NFL teams that you’re more focused on something else, other than the team goal,” Hunter said of the expanded 12-team College Football Playoff. “So I don’t think players are going to opt out of the playoffs.” Hunter and quarterback Shedeur Sanders chatted Thursday in a set of Zoom calls about turning around the program at Colorado (from 4-8 last season to bowl eligibility), chasing a Big 12 title, turning pro — Hunter acknowledged he will “for sure” — and, of course, the Heisman race, where Hunter is currently the odds-on favorite in an award each wants to see the other win. “He’s deserving of it, and if it’s between me and him, I want him to get it,” said Sanders, whose 16th-ranked Buffaloes (8-2, 6-1 Big 12, No. 16 CFP ) travel to Arrowhead Stadium to face Kansas (4-6, 3-4) this weekend. “He does a lot of amazing things that have never been done before.” Countered Hunter: “I know he wants me to win it, but I also want him to win as bad as I want to win it.” Hunter is a generational talent shining on both sides of the ball. As a receiver, he has 74 catches for 911 yards and nine touchdowns. On defense, he has picked off three passes, even though teams are reluctant to throw his direction. Like he did in high school and now in college, he believes he can do both on the next level. But he understands the trepidation of the NFL team that picks him. “They don’t want their top pick to go down too early," Hunter said. “I like when people tell me I can’t do it, because they just motivate me to continue to do what I want to do.” Sanders is turning in a stellar season as well with 27 touchdown passes, one away from tying Sefo Liufau for the most in a single season in program history. He's projected to be one of the first QBs off the draft board. The future certainly looks bright at Colorado thanks to the legacies Sanders and Hunter under coach Deion Sanders. But that's a point to ponder later. “I can’t think too much forward past Saturday,” Shedeur Sanders cracked. “The main thing is winning the Big 12 championship. That’s the main thing we’re focused on." Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-footballMadonna shares 'chaotic' family photos she issues warning about ironing and drinking
PORT-AU-PRINCE, Haiti — Four journalists and a police officer were killed Tuesday after armed gangs opened fire on them inside an old military hospital in Haiti’s capital. The attack also left at least six other people, several of them journalists and one police officer, with gunshot wounds. The injured were being treated at La Paix Hospital after a specialized unit of the Haiti National Police went inside the facility that is part of the Hospital of the State University of Haiti, better known as the General Hospital, to rescue the wounded. Police officers told waiting journalists that they had left four bodies on the ground; at least two of them were online journalists. The tragedy unfolded while the press was awaiting the arrival of the minister of health to cover the reopening of the General Hospital, which had been closed for months because of gang attacks. As reporters waited inside, they could hear gunfire out in the streets, where two armored police vehicles were patrolling. Inside, final arrangements were being made for the minister’s visit. That’s when several armed men stormed the area outside and opened fire. In a video shared online, long volleys of gunfire could be heard as bullets flew through the green iron gates of the General Hospital. Other photos and videos shared online by some of the reporters trapped inside showed journalists lying on the floor covered in blood, with gunshots wounds to the head, chest and mouths. In one video, a journalist showed where a bullet had pierced his tongue. “We haven’t found a nurse or anyone to give us first aid, anything,” a journalist who was not injured said as she pleaded for help. “Those who are the most vulnerable, we want to get them out of here.” But getting out of the area proved difficult as police exchanged gunfire with gang members. “The whole area is under siege,” Guy Delva, head of the press freedom group SOS journalists, said before police moved in to rescue the trapped reporters. “Bandits are shooting all around. If the journalists go out into the street, they will be killed and no one is helping them. The situation is very worrisome. They are stranded.” Delva blamed the Haitian government for the incident, saying the attack is part of a larger problem in which journalists are being targeted by the police as well as gangs. Reporters have reported being harassed by police while on assignment. Earlier this year Haitian authorities issued a list of journalists they were seeking to arrest, claiming they were working with gangs. Last month the country’s telecommunications authority, CONATEL, shut down a popular program, Boukante la Pawol, hosted by Guerrier Henri, on Port-au-Prince’s Radio Mega after Henri allowed gang leader Jimmy “Barbecue” Chérizier to speak. Delva said the move infringed on press freedoms and was a throwback to the days Haiti was ruled by dictators. “Journalists have been working with a lot of fear,” he said. “They realize that the government doesn’t care. They not only try to block them but they openly show they won’t intervene to help them.” The General Hospital, the country’s largest public medical facility, had been closed since March when a united front of powerful gang leaders led attacks on police stations as well as the main airport, seaport and prison with the hope of toppling the government. Since then, the violence has continued to escalate, with hospitals across Port-au-Prince shutting down. In July Haitian authorities claimed that they had taken control of the General Hospital. But days later, the country’s prime minister was forced to run for cover, along with police officers, when armed gangs opened fire as he was giving a tour of the facility to visiting CNN journalists. The Christmas Eve attack added to an avalanche of bad news for Haiti. As the attack was happening in Port-au-Prince, authorities in the northwest region confirmed the deaths of at least seven people from torrential rains that continued to hit the city of Port-de-Paix on Tuesday. Officials said that 10 others had been injured, while at least 100 houses had been destroyed and 500 others seriously damaged. About 11,000 houses were flooded and 20 vehicles were swept away. A bridge, constructed less than six months ago, also collapsed. On Monday, the U.S. ambassador to the United Nations, Linda Thomas-Greenfield, issued a statement about Haiti’s escalating crisis. Her statements as president of the U.N. Security Council came on the same day the U.N. political office in Haiti issued a report on a recent gang massacre in the Wharf Jérémie neighborhood in the capital. The report said at least 207 people, most of them elderly, were targeted by a gang leader earlier this month after he accused them of using witchcraft to make his son sick. The security council, Thomas-Greenfield said, is deeply concerned over the deteriorating situation in Haiti. ©2024 Miami Herald. Visit at miamiherald.com . Distributed by Tribune Content Agency, LLC.