51° Good Morning
51° Good Morning

Former federal official joins bank board

Ronald Rosenfeld

Ronald Rosenfeld

New York Community Bancorp, Inc. of Westbury said that Ronald A. Rosenfeld (photo), a retired Federal Housing Finance Board chairman, had been appointed to its board of directors.

The appointment, announced Wednesday, is to take effect Jan. 1. His will be a 14th board position. The company is the parent of New York Community Bank and New York Commercial Bank.

Rosenfeld was appointed chairman of the housing finance board by President George W. Bush and served from 2005 through 2008. The board, formed after the savings and loan crisis to oversee certain banks, was superseded by the Federal Housing Finance Agency after the 2008 banking crisis.

Rosenfeld previously was president of the Government National Mortgage Association, the government corporation commonly known as Ginnie Mae, which is part of the Department of Housing and Urban Development. It issues securities backed by mortgages, mostly those supported by the Federal Housing Administration.

Rosenfeld also has worked for the U.S. Treasury Department. Before his public service, he was an executive with Prescott, Ball & Turben, an investment banking firm in Cleveland, and Zappala & Company, an investment banking firm in Pittsburgh.

New York Community Bank has 241 branches nationally, including in the New York metropolitan area, operating through seven divisions, including Queens County Savings Bank and Roslyn Savings Bank.

New York Commercial Bank has 34 branches in Manhattan, Queens, Brooklyn, Long Island and Westchester County.

More news