Flagstar Bank Welcomes Eli Miller to Its Board of Directors as a Significant Addition

Flagstar Bank Appoints Eli H. Miller to Board of Directors

Hicksville, N.Y., April 1, 2026 – Flagstar Bank, N.A. (NYSE: FLG) has officially announced the appointment of Eli H. Miller as a new member of its Board of Directors, effective today. Mr. Miller brings a wealth of experience across various sectors, including government and financial services, which is expected to significantly contribute to the bank's strategic initiatives.

Joseph M. Otting, the Executive Chairman, President, and CEO of Flagstar Bank, expressed excitement about Mr. Miller’s appointment, stating, "We are delighted to welcome Mr. Miller to the Flagstar Bank Board of Directors. His appointment represents a significant addition to our board as we execute our strategic plan and continue our transformation into a top-performing regional bank. Eli's extensive experience will be invaluable as we strengthen our market position, enhance operational excellence, and deliver sustainable shareholder returns."

Background of Eli H. Miller

Eli H. Miller currently serves as Senior Managing Director at Liberty Strategic Capital. There, he plays a pivotal role in directing the firm’s strategic framework and overseeing fundraising and investment decisions. Furthermore, he is a member of Liberty’s Investment Committee, actively shaping the firm’s financial future.

Before joining Liberty, Mr. Miller held a significant position as Managing Director of Government Relations at Blackstone Inc., from April 2019 to April 2021. In this capacity, he emphasized public policy issues directly impacting Blackstone's wide array of portfolio companies. His previous roles also include Chief of Staff at the U.S. Department of the Treasury, where from February 2017 to April 2019, he managed daily operations and contributed significantly to policy development across various government sectors.

The appointment of Mr. Miller aligns with the terms of an investment agreement made between Flagstar Bank and funds overseen by Liberty, originally disclosed on March 7, 2024. This strategic move underscores the bank's commitment to fortifying its governance and enhancing its developmental strategies.

Flagstar Bank Profile

Flagstar Bank is recognized as one of the largest regional banks in the United States, headquartered in Hicksville, New York. As of December 31, 2025, the institution reported impressive figures, including $87.5 billion in total assets and $66.0 billion in deposits, paving the way for a robust operational framework.

With approximately 340 branches across ten states and a notable presence in metropolitan areas of New York and New Jersey, along with strategic footholds in the Midwest, Florida, and the West Coast, Flagstar is well-positioned in the banking sector. The bank aims to further bolster its community relationships and financial services offerings under Mr. Miller's guidance.

Flagstar's leadership emphasizes the goal of transforming the bank's operational approach while maintaining a focus on high standards of service and profitability. As Eli H. Miller joins the board, many industry observers are keen to see how his vast network and expertise will assist in navigating the evolving landscape of financial services. Flagstar Bank continues to thrive as it integrates new strategies while adhering to its core mission of being the relationship-driven regional bank of choice.

In conclusion, the addition of Eli Miller to Flagstar Bank's Board of Directors marks a pivotal moment as the bank aims to innovate and expand its services, all while strengthening its commitment to community and stakeholder engagement. As the industry watches closely, Flagstar Bank is set to chart a promising course for future growth and success.