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# Flagstar Financial Names Lee Smith Senior Executive Vice President and Chief Financial Officer
- URL: https://www.theglobalbanker.com/flagstar-financial-lee-smith-cfo-december-2024/
- Published: 2024-12-13T22:00:00.000Z
- Updated: 2026-10-02T14:38:12.000Z
- Description: Flagstar Financial has appointed Lee Smith as Senior EVP and CFO effective 27 December 2024, succeeding Craig Gifford who stepped down for personal reasons.
- Author: TGB Editorial Team
- Tags: Executive Moves, Americas, #archive

Flagstar Financial, Inc. announced on 13 December 2024 that Lee Smith would assume the role of Senior Executive Vice President and Chief Financial Officer, with the appointment taking effect on 27 December 2024\. Smith succeeds Craig Gifford, who is stepping down to pursue personal endeavours outside banking and will remain with the bank until 31 March 2025 to support the transition. The announcement was made in a press release published on the company's investor relations website.

He joined the legacy Flagstar Bancorp organisation in 2013 and most recently served as President of Mortgage, the division responsible for the bank's home lending origination, servicing, and secondary market activities. His elevation to the top finance position at Flagstar Financial — the renamed holding company of New York Community Bancorp, which acquired Flagstar Bancorp in December 2022.

#### BACKGROUND

Craig Gifford was appointed CFO in April 2024, shortly after the combined institution took heavy losses on its commercial real estate portfolio and completed a capital raise.