Flagstar Bank, a subsidiary of Flagstar Financial, expanded its specialized industries group. This group comprises 12 distinct industry verticals, each focused on serving the debt finance and banking needs of a specific sector.
The specialized industries group, led by Adam Feit, executive vice president and head of specialized industries and capital markets, plays a key role in Flagstar’s growth strategy and is a core part of the commercial and private banking organization led by Rich Raffetto.
“We’re at an inflection point in our evolution, actively taking steps to further build on our momentum and position ourselves as the leading regional bank we’re on track to become,” Feit said. “This launch reflects our belief that clients don’t just want capital—they want a partner who understands the challenges and opportunities of their industry as well as they do. The specialized industries group is built on that recognition. It’s about showing up with insights, relevance, experience and a relationship-first mindset that helps our clients move forward with confidence and the tools and capital they need to succeed.”
Within the 12 industry verticals of the specialized industries group, seven recently launched sectors represent key areas of growth for the bank.
Subscription Finance: Led by Dan Koch
Koch brings over 20 years of experience in private capital and fund finance, with a focus on subscription lending solutions for private equity, venture capital, and real asset managers. Prior to joining Flagstar, Koch held senior roles at First Republic Bank and JP Morgan Chase, where he built and scaled fund finance platforms and advised top-tier sponsors on complex capital needs. At First Republic, he led efforts that shaped the bank’s approach to sponsor finance. His expertise spans fund formation, capital raising and financing structures tailored to evolving market demand.
Technology, Media & Communications (TMC): Led by David Sozio
Sozio brings over 25 years of experience in the technology, media and communications industry and more than 35 years in corporate and investment banking. He has advised clients across the capital structure, delivering insights and structuring tailored solutions to support growth, strategic initiatives and value creation. Prior to Flagstar, Sozio spent 14 years at Regions Bank, where he founded and led the TMC banking practice within the corporate and investment bank. He previously held leadership positions at Wachovia Securities (now Wells Fargo), focusing on capital markets and leveraged finance, serving as lead arranger and underwriter for syndicated bank and fixed income financing in the technology sector.
Entertainment: Led by Crockett Woodruff
Woodruff brings over 20 years of experience in entertainment finance, with a strong track record supporting content creators, rights holders and digital platforms. Prior to joining Flagstar, he spent more than 20 years at City National Bank, leading a team within the entertainment division, where he structured complex credit solutions and advised clients across the entertainment industry.
Sports: Led by Amit Mahajan
Mahajan brings over 27 years of experience in sports, infrastructure finance and capital markets, specializing in financing solutions for professional sports leagues, teams, owners, stadiums, arenas, entertainment districts and related businesses. Prior to Flagstar, he held leadership roles at City National Bank, U.S. Bank and Bank of America, advising clients on capital structuring and growth strategies within the sports infrastructure industry.
Power & Renewables: Led by Jerry Wells
Wells has over 15 years of experience in power and renewable energy finance, with expertise in structuring capital solutions for clean energy projects and infrastructure. Prior to joining Flagstar, Wells held leadership roles at City National Bank, Regions Equipment Finance and Bank of America, advising clients on financing strategies that support sustainable growth in the energy sector.
Oil & Gas: Led by Michael Dombroski
Dombroski brings over 20 years of experience in oil and gas finance, specializing in providing capital solutions and strategic advisory to upstream, midstream and downstream energy companies. Before joining Flagstar, Dombroski held senior roles at CrossFirst Bank, LegacyTexas Bank and OneWest Bank, supporting clients through complex transactions and industry challenges.
Insurance: Led by David Albanesi
With 30 years of experience, Albanesi leads Flagstar’s insurance partnerships, providing tailored financial solutions that drive growth. He oversees new business, portfolio management and revenue generation, playing a key role in the company’s insurance sector expansion. Previously, he spent over 15 years at U.S. Bank as head of insurance banking and held senior roles at Bank of America, advising on complex lending and industry challenges.
Additional active verticals within the specialized industries group include sponsor finance, lender finance, franchise finance, healthcare finance, and asset-based lending (ABL). Each vertical is led by seasoned experts with deep industry knowledge and strong market relationships.
