Flagstar Bank's shares fell 9.3% to $10.38 after the lender reported third-quarter 2026 results. Net income was $3 million, or $0.01 per share, against a loss of $45 million a year earlier. Revenue fell 5.6% to $454 million from $481 million. Net interest margin rose to 2.17% from 1.91%. The bank is shifting toward commercial and industrial lending and running down riskier multifamily commercial real estate loans. Net charge-offs fell from the previous quarter. Concerns remain. Full-year 2026 earnings guidance is $0.10 to $0.15 per share, and the target for peer-like returns has moved to 2028, a year later than planned. Provisions and criticized loans rose, and about $19 billion of commercial real estate loans face resets.

BANKING & FINANCE: Mattoon. Shannon, Colin, Cook. October 5, 2026 Rolland Mattoon has joined Five Star Bank as Senior Vice President/ Regional Managing Director. He has more than 25 years of experience working in the banking industry. Mr. Mattoon most recently served as Senior Vice President / Group Director at Flagstar Private Bank where he led a top-performing team and built significant loan and deposit portfolios. At Five Star Bank, Mr. Mattoon drives regional growth, strengthens client relationships, and delivers comprehensive banking solutions. He holds a bachelor's degree in organizational leadership from the University of Arizona Global. Mr. Mattoon is actively involved in the community and enjoys volunteering at Second Harvest Food Bank. Ryan Shannon has joined Five Star Bank as Senior Vice President/ Regional Managing Director. He has more than 20 years of experience working in the banking industry. Mr. Shannon most recently served as Senior Vice President/Group Director at Flagstar Private Bank where he led a high performing regional team and managed an extensive loan and deposit portfolio. At Five Star Bank, he drives regional growth and delivers tailored financial solutions to businesses in the Greater Los Angeles Area. Mr. Shannon is actively involved in the community through his volunteer work with the Make-A-Wish Foundation and as a long-standing youth sports coach with the YMCA. He has also completed advanced training in commercial credit, accounting, and leadership development. Kristi Colin has joined Five Star Bank as Vice President/ Director. She has more than 20 years of experience working in the banking industry. Ms. Colin most recently served as Vice President/ Associate Group Director at Flagstar Private Bank where she managed an extensive middle-market portfolio and delivered credit, deposit, and treasury solutions to business clients across the Greater Los Angeles Metro Area. At Five Star Bank, Ms. Colin builds long-term client relationships and delivers tailored financial solutions that support business growth in the Greater Los Angeles Area. Scott Cook has joined Five Star Bank as Vice President/ Director. He has more than 15 years of experience working in the banking industry. Mr. Cook most recently served as Vice President/Associate Group Director at Flagstar Private Bank, where he managed an extensive portfolio and delivered credit, deposit, and treasury solutions to middle-market businesses across the Greater Los Angeles Metro Area. At Five Star Bank, Mr. Cook builds strong client relationships and provides tailored financial solutions that support long-term business growth. He is actively involved in the community and volunteers with organizations including the Make-A-Wish Foundation and Big Brothers Big Sisters, supporting fundraising and youth mentorship initiatives in the Conejo Valley. For additional information: www.fivestarbank.com.

BNY Wealth makes senior hires. Editorial staff August 28, 2026 New York headquartered BNY Wealth has bolstered its presence in Northern California by bringing together a highly experienced team with deep private banking expertise and long-standing connectivity across the region. BNY Wealth has made new additions to its team in San Francisco. Ken Kearns, has joined as senior director, and Casey Candelario and Jesus Castrence are named vice presidents, private banking. The team, who started this month, report to Christopher Brown, BNY Wealth's Northern California market president. Their appointments underscore BNY Wealth's commitment to Northern California as a strategic growth market and enhance the firm's ability to deliver the full breadth of its wealth management capabilities, spanning private banking, investment management, wealth planning and fiduciary services, to the region's growing ultra-high net worth population. Kearns, Castrence and Candelari, who have joined from Flagstar Bank, previously worked together at First Republic, where they built a strong, shared track record serving high net worth and ultra-high net worth individuals, families and business. Kearns is a banking professional providing private banking, wealth management, lending, and financial advisory services to emerging and high net worth individuals, families, and business owners. Prior to BNY Wealth, he was a managing group director and executive vice president for Flagstar Private Bank, where he was a "top producer" at a private client group, helping to build out the private bank. He also spent 12 years at First Republic Bank, most recently as a deputy regional managing director. At First Republic Bank, he was responsible for growing out and managing the East Bay region while maintaining his status as a producer throughout his tenure at the bank. Castrence, who is a private banker with BNY Wealth, has more than 25 years of experience in private banking and wealth management. He advises high net worth and UHNW individuals and families, family offices, business owners, corporations, and private equity professionals on customized banking, liquidity, credit, cash management, and treasury solutions. Prior to joining BNY Wealth, he served as associate director and vice president at Flagstar Private Bank and servded in a senior role with First Republic Private Wealth Management. A private banker with BNY Wealth, Candelario has over 11 years of financial services experience. He works with high net worth individuals to address their financial needs with a focus on residential lending. Before joining BNY Wealth, Candelario was a relationship manager and senior client services associate at Flagstar Private Bank. Prior to Flagstar, he was also a senior client services associate with an emphasis on residential lending with First Republic Bank.