New York Community Bancorp, Inc. announced on March 6, 2024, the company entered into an Employment Agreement Term Sheet with Joseph Otting, pursuant to which Mr. Otting became an employee of the company as of March 6, 2024 and will assume the role of a member of the company's board of directors as of March 11, 2024, and President of the company as of April 1, 2024. On March 6, 2024, the company entered into a Non-Executive Chairman Term Sheet with Alessandro (Sandro) DiNello (the DiNello Term Sheet"), pursuant to which Mr. Dinello will continue to serve as the President and Chief Executive Officer of the Company and Executive Chairman of the Company's board of directors through April 1, 2024, at which time he will become the Non-Executive Chairman of the Board and will cease to serve as an employee or executive officer of the company.