Flagstar Bank named Michael Adler executive vice president and head of wholesale banking, which encompasses all commercial client coverage teams, treasury management sales, commercial real estate, as well as non-mortgage capital markets and non-consumer-facing areas such as foreign exchange/swaps.
In this position, Adler will be responsible for transforming Flagstar’s commercial business into a scalable platform supporting a national growth strategy to include lending, treasury management and capital markets and serving middle market and mid-corporate clients.
Adler has more than 30 years of experience building and growing commercial banking, corporate banking, specialized lending and capital markets business units on both a regional and national basis. He spent the last 11 years with BBVA USA (now PNC Bank) and the last five as head of corporate banking and capital markets and as a member of the management committee. He started his career at Bank of America in middle market lending and held leadership positions at GE Capital, Fleet Bank, Goldman Sachs and other financial institutions.
“We’re delighted to have someone of Michael’s experience to lead and grow our wholesale banking business,” Reggie Davis, president of banking at Flagstar Bank, said. “Wholesale banking is an exciting growth opportunity at Flagstar, and Michael brings a proven track record of building, expanding and leading highly successful banking teams and driving profitable growth.”