LAWRENCE J. SAVARESE - Corporate Board Profile

FLAGSTAR FINANCIAL, INC.

Filing Date	Source Excerpt
2015-04-24	Lawrence J. Savarese Mr. Savarese has been a member of the Boards of Directors since March 4, 2013. The Audit Committee of the Board consists of Messrs. Savarese (Chair), Levine, Kupferberg, Rosenfeld, and Dahya. The Compensation Committee of the Board consists of Mrs. Clancy (Chair) and Messrs. Dahya, Kupferberg, and Levine. The Nominating and Corporate Governance Committee consists of Messrs. Levine (Chair), Dahya, Kupferberg, O'Donovan, Tsimbinos, Rosano, Rosenfeld, Savarese, and Mrs. Clancy. The Risk Assessment Committee is comprised of Messrs. Levine (Chair), Dahya, Kupferberg, Rosenfeld, and Savarese. The Capital Assessment Committee members include the Chairman of the Board, Mr. Ciampa; Chair of the Audit Committee, Mr. Savarese; the Chair of the Risk Assessment Committee, Mr. Levine; the Chair of the Community Bank Board's Mortgage and Real Estate Committee, Mr. O'Donovan; and the Chair of the Commercial Bank Board's Credit Committee, Mr. Dahya. Mr. Savarese serves as the Chair of the Capital Assessment Committee. The Investment Committee members are Messrs. Dahya (Chair), Savarese, and Rosenfeld. The Cyber Security Committee members are Messrs. Dahya (Chair), Kupferberg, Levine, Rosenfeld, and Savarese. 2014 compensation received by non-employee directors: Lawrence J. Savarese Fees Earned or Paid in Cash: 273,500 Stock Awards: 255,000 All Other Compensation: 23,500 Total: 552,000
2016-04-28	Mr. Savarese has been a member of the Boards since March 4, 2013. ... Mr. Savarese was an Audit Partner at KPMG LLP. ... 2015 compensation received by non-employee directors of the Company: Lawrence J. Savarese total $553,850.
2017-04-27	Lawrence J. Savarese Director since: 2013 Age: 60 Committees: Audit (Chair) Capital Assessment (Chair) Cyber Security Investment Nominating and Corp. Governance Risk Assessment Credit Mr. Savarese has been a member of the Boards of Directors of the Company, the Community Bank, and the Commercial Bank since March 4, 2013. From 1978 through 2012, Mr. Savarese was with the independent public accounting firm KPMG LLP. For 19 years, he was an Audit Partner in KPMG's Financial Services Practice, serving as partner in charge of audits of both community banks (including the Company and the Banks) and international banks with branches and agencies in the United States. During this time, Mr. Savarese served as KPMG's representative to the New York Bankers Association and The Institute of International Bankers. From 2008 to 2012, Mr. Savarese served as Audit Partner, Risk Management, for KPMG's Advisory Practice, where he managed risk at KPMG and developed and applied complex risk management objectives; risk management policies for model development; advisory service protocols in connection with certain requirements of the Public Company Accounting Oversight Board; policies for internal controls over financial reporting services provided to non-audit clients; and reviewed engagement letters and management risk performance. Prior to his retirement in 2012, Mr. Savarese was an Audit Partner in KPMG's Global Services Centre, where he designed and developed the standardized approach for auditing banks now used by the firm's Global Bank Practice. With his extensive experience in accounting principles, financial reporting rules and regulations, commercial banking, risk management, and corporate finance, Mr. Savarese brings valuable insight to both the Board and to his role as Chairman of the Audit Committee of the Board and as a member of the Board's Risk Assessment Committee in overseeing a wide range of banking and financial reporting matters, and furthers the Board's objectives of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills, and other qualities that are beneficial to the Company and the Banks.
2018-04-26	Mr. Savarese has been a member of the Boards of Directors of the Company, the Community Bank, and the Commercial Bank since March 4, 2013. From 1978 through 2012, Mr. Savarese was with the independent public accounting firm KPMG LLP. For 19 years, he was an Audit Partner in KPMG's Financial Services Practice, serving as partner in charge of audits of both community banks (including the Company and the Banks) and international banks with branches and agencies in the United States. During this time, Mr. Savarese served as KPMG's representative to the New York Bankers Association and The Institute of International Bankers. From 2008 to 2012, Mr. Savarese served as Audit Partner, Risk Management, for KPMG's Advisory Practice, where he managed risk at KPMG and developed and applied complex risk management objectives; risk management policies for model development; advisory service protocols in connection with certain requirements of the Public Company Accounting Oversight Board; policies for internal controls over financial reporting services provided to non-audit clients; and reviewed engagement letters and management risk performance. Prior to his retirement in 2012, Mr. Savarese was an Audit Partner in KPMG's Global Services Centre, where he designed and developed the standardized approach for auditing banks now used by the firm's Global Bank Practice. With his extensive experience in accounting principles, financial reporting rules and regulations, commercial banking, risk management, and corporate finance, Mr. Savarese brings valuable insight to both the Board and to his role as Chairman of the Audit Committee of the Board and as a member of the Board's Risk Assessment Committee in overseeing a wide range of banking and financial reporting matters, and furthers the Board's objectives of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills, and other qualities that are beneficial to the Company and the Banks.
2019-04-25	Mr. Savarese was with the independent public accounting firm KPMG LLP for many years, serving as Audit Partner in KPMG’s Financial Services Practice. With his extensive experience in accounting principles, financial reporting rules and regulations, commercial banking, risk management, and corporate finance, Mr. Savarese brings valuable insight to both the Board and to his role as Chairman of the Audit Committee of the Board and as a member of the Board’s Risk Assessment Committee.
2020-04-24	Mr. Savarese has been a member of the Boards of Directors of the Company, the Community Bank, and the former Commercial Bank since March 4, 2013. From 1978 through 2012, Mr. Savarese was with the independent public accounting firm KPMG LLP. For 19 years, he was an Audit Partner in KPMG's Financial Services Practice, serving as partner in charge of audits of both community banks (including the Company and the Community Bank) and international banks with branches and agencies in the United States. During this time, Mr. Savarese served as KPMG's representative to the New York Bankers Association and The Institute of International Bankers. From 2008 to 2012, Mr. Savarese served as Audit Partner, Risk Management, for KPMG's Advisory Practice, where he managed risk at KPMG and developed and applied complex risk management objectives; risk management policies for model development; advisory service protocols in connection with certain requirements of the Public Company Accounting Oversight Board; policies for internal controls over financial reporting services provided to non-audit clients; and reviewed engagement letters and management risk performance. Prior to his retirement in 2012, Mr. Savarese was an Audit Partner in KPMG's Global Services Centre, where he designed and developed the standardized approach for auditing banks now used by the firm's Global Bank Practice. With his extensive experience in accounting principles, financial reporting rules and regulations, commercial banking, risk management, and corporate finance, Mr. Savarese brings valuable insight to both the Board and to his role as Chairman of the Audit Committee of the Board and as a member of the Board's Risk Assessment Committee in overseeing a wide range of banking and financial reporting matters, and furthers the Board's objectives of maintaining a membership of experienced and dedicated individuals with diverse backgrounds, perspectives, skills, and other qualities that are beneficial to the Company and the Community Bank.
2021-04-16	Mr. Savarese has been a member of the Boards of Directors of the Company, the Community Bank, and the former Commercial Bank since March 4, 2013. Mr. Savarese was an Audit Partner in KPMG's Financial Services Practice. Committees: Audit (Chair), Compensation, Nominating and Corp. Governance, Risk Assessment, Commercial Credit (Bank Board)
2022-04-22	Mr. Savarese has been an independent member of the Boards of Directors of the Company and the Community Bank since March 4, 2013. Committees: Audit (Chair) Compensation Nominating and Corp. Governance Risk Assessment Credit (Bank Board)
2023-04-21	Mr. Savarese has been an independent member of the Boards of Directors of the Company and the Bank since March 4, 2013. Mr. Savarese also served as a member of the Credit Committee of the Bank until December 2022. In addition to chairing the Audit Committee, he is also a member of the Compensation and Nominating and Corporate Governance Committees of the Company and the Bank Boards.