BANKING

Campanelli to leave Flagstar

COURTESY SOVEREIGN BANCORP INC.
JOSEPH CAMPANELLI, former president and CEO of Sovereign Bancorp Inc., will leave his position as prseident and CEO of Flagstar Bancorp Inc. on Oct. 31.
Posted 10/5/12

TROY, Mich. – Former Sovereign Bank executive Joseph Campanelli is leaving his position as president and CEO of Flagstar Bancorp Inc. to pursue other interests, reported Crain’s Detroit Business.

Campanelli, the former president and CEO of Sovereign Bancorp Inc., has been with Flagstar since 2009.

“I am proud of all we have accomplished during my time as CEO,” Campanelli said in prepared remarks. “I believe that we have turned the corner in addressing many of Flagstar's legacy issues and have built a solid foundation for continued growth and success.”

Michael Tierney, a longtime Michigan banker, will succeed Campanelli on Nov. 1. Upon becoming CEO of Flagstar, he will also become a director of the company and Flagstar Bank.

As of the end of the second quarter on June 30, Flagstar had $14.4 billion in assets and was the largest bank in Michigan, reported the news source.

Calendar
PBN Hosted
Events

Save the Date - Thursday, May 29th - for the Business Women Awards Luncheon at the Providence Marriott. Winners to be announced May 2nd.
  • Manufacturing Awards
    Only a few seats remain for PBN's Manufacturing Awards Dinner and Ceremony, Thur ...
  • 40 Under Forty
    It's the 10th Anniversary of 40 Under Forty, and PBN is planning a special event ...
  • Healthiest Employers
    Enrollment now open for the 2014 Healthiest Employers Program. Please take a mom ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News