Alessandro Dinello Biography and Net Worth

Alessandro (Sandro) DiNello serves as a Director of the New York Community Bancorp, Inc. Board and on its bank subsidiary Board, Flagstar Bank, N.A.  From April 1, 2024 through June 5, 2024, he served as Non-Executive Chairman of both the Company and the Bank Boards.  He served as President and Chief Executive Officer of the Company from February 23, 2024 through Mr. Otting's appointment as President and Chief Executive Officer on April 1, 2024. Prior to the merger, he served as President, CEO, and a director of Flagstar Bank and Flagstar Bancorp since mid-2013. Before that, he was President and Chief Administrative Officer of Flagstar Bank, and for a number of years, Executive Vice President of Retail Banking. Under his leadership, Flagstar consistently delivered solid results, underpinned by careful, thoughtful growth and industry-leading risk management. He also serves on the Board Executive, Credit, and Technology Committees.

He began his banking career as a bank examiner and later joined Security Savings Bank in Jackson, Mich., where he ultimately served as president. In 1994, Security Savings was acquired by First Security Savings Bank, which later became Flagstar Bank. He continued with the combined organization as an executive officer responsible for growing the bank’s funding sources.

During his career at Flagstar, he served as head of branch banking, retail product strategy, marketing, communications, internet banking, and branch expansion. He also was in charge of the bank’s technology, operations, and commercial units. Additionally, he led the government affairs and community relations initiatives.

His business affiliations include membership on the board of directors of Business Leaders of Michigan, the Detroit Regional Chamber and its Economic Development CEO Advisory Board, and the Mayor’s Workforce Development Board (Detroit). He is a founding member of the Detroit Sports Organizing Corp., and serves on the board of the Metropolitan Affairs Coalition. He is a past director of the Western Michigan University Foundation and a past member of the National Board of Trustees of the Crohn’s & Colitis Foundation where he served on the executive committee as Treasurer and as chairman of the finance committee.

He is a recipient of the Honoree Award from the Crohn’s & Colitis Foundation, of the Outstanding Alumni Achievement Award from Haworth College of Business, of the Distinguished Alumni Award from Western Michigan University, of the Humanitarian Award from the Michigan Roundtable for Diversity & Inclusion, the Courage in Leadership Award from the North Oakland (Michigan) NAACP and the Partner in Progress Award from the city of Pontiac, Michigan, the Regional Ambassador Award from the Southeast Michigan Council of Governments and from the Troy Community Champion award from the Troy Community Foundation. His most recent recognition was the Maverick Award which he received from the Florida Minority Reinvestment Coalition.