Mark Herron Joins Flagstar Bank as Chief Brand Officer

Rhea-AI Summary

Flagstar Bank has appointed Mark Herron as its new chief brand officer, responsible for overseeing marketing strategies, sales, branding, technology transformation, and client experience. Herron brings over 25 years of experience, previously serving as executive VP and CMO for People's United Bank. Reginald Davis, Flagstar's president of Banking, expressed confidence in Herron’s ability to lead the bank's brand strategy amidst a digital transformation in the financial sector. Flagstar Bancorp, a $23.2 billion entity, also operates in various states and oversees $300 billion in loans.

Positive

• Appointment of Mark Herron as chief brand officer could enhance brand strategy.
• Herron's extensive experience in marketing and digital initiatives may improve client satisfaction.
• Flagstar's presence across multiple states and its significant loan servicing can drive growth.

Negative

• None.

TROY, Mich., May 5, 2022 /PRNewswire/ -- Flagstar Bank today announced it has hired Mark Herron as chief brand officer for the company. His responsibilities at Flagstar include marketing strategies, sales, branding, technology transformation, data analytics, marketing automation and change management. Additionally, he has oversight of client experience and internal communications.

"We're fortunate to have someone of Mark's breadth and depth of experience take the lead in developing an integrated brand strategy and creating innovative solutions and smart products for our customers," said Reginald Davis, president of Banking for Flagstar. "We look for good things to come with Mark leading us through the digital revolution that is transforming today's financial landscape. He's the right person at the right time."  

Herron brings to Flagstar over 25 years of success in leading organizations to improved performance through client satisfaction, strategic alliances and product and operational innovation. He most recently served as executive vice president and chief marketing officer for People's United Bank in Bridgeport, Conn., where he was responsible for marketing and digital initiatives and supported all commercial, retail and wealth lines of business. Previously, he held various senior positions in marketing and sales for BB&T in Winston-Salem, N.C. He also served as president and chief executive officer of RBW Marketing in Raleigh, N.C.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $23.2 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 158 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 82 retail locations in 28 states. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $300 billion of loans representing almost 1.3 million borrowers. For more information, please visit flagstar.com.

For more information contact:
Susan Bergesen
Flagstar Bank
(248) 312-6237

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SOURCE Flagstar Bancorp, Inc.

FAQ

Who is the new chief brand officer of Flagstar Bank?

Mark Herron has been appointed as the chief brand officer of Flagstar Bank.

What are the responsibilities of the chief brand officer at Flagstar Bank?

The chief brand officer oversees marketing strategies, sales, branding, technology transformation, and client experience.

What experience does Mark Herron bring to Flagstar Bank?

Mark Herron has over 25 years of experience in marketing and digital initiatives, previously serving as executive VP and CMO for People's United Bank.

What is the financial standing of Flagstar Bancorp?

Flagstar Bancorp has a market capitalization of $23.2 billion and oversees $300 billion in loans.

In which states does Flagstar Bank operate?

Flagstar Bank operates in Michigan, Indiana, California, Wisconsin, and Ohio.