Led by industry-specialized experts, the group delivers trusted advice and tailored solutions across 12 verticals--helping clients grow, access capital, and navigate what's ahead
HICKSVILLE, N.Y., July 9, 2025 /PRNewswire/ -- Flagstar Bank, N.A., (the "Bank") a subsidiary of Flagstar Financial, Inc. (NYSE: FLG) (the "Company"), today announced a significant expansion of its Specialized Industries Group, a major milestone in its long-term growth and transformation strategy. 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, EVP and Head of Specialized Industries & Capital Markets, plays a key role in Flagstar's growth strategy and is a core part of the Commercial & Private Banking organization led by Rich Raffetto. It reflects a shift toward deeper industry expertise, long-term value creation, and a more relationship-driven approach to client service. Flagstar's Specialized Industries Group drives scalable, sector-specific growth by partnering with sponsors and public and private companies. The group delivers strategic guidance, capital access, and product support, with industry teams tailoring solutions to each client's business model, financial profile, and market conditions.
"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," said Feit. "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.
1. Subscription Finance: Led by Dan KochDan 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, Dan 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.The Subscription
Finance team combines expertise in private capital markets with a
strategic, relationship-first approach. What sets this group apart is its
ability to deliver flexible structures and responsive
execution--providing sponsors with a partner who understands the fund
lifecycle and the evolving demands of institutional capital.
2. Technology, Media & Communications $(TMC)$: Led by David SozioDave brings
over 25 years of experience in the Technology, Media & 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, Dave 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.The
Technology, Media & Communications team brings deep expertise across the
full TMC ecosystem--including software, tech-enabled services, financial
and payments technology, media, and communications. Clients range from
public and sponsor-backed firms to founder-led private companies. The
team builds long-term relationships, helping clients navigate industry
challenges and seize growth opportunities as a trusted strategic partner.
3. Entertainment: Led by Crockett WoodruffCrockett 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.The Entertainment team supports companies in film, TV, music,
live events, and related ventures with financing and guidance tailored to
their unique business cycles. Led by experienced industry experts, the
team delivers solutions aligned with content development, monetization,
and growth. Its strength lies in deep sector knowledge and a
relationship-driven approach that helps clients bring content to life and
maximize value.
4. Sports: Led by Amit MahajanAmit 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.The Sports Banking &
Advisory team specializes in the evolving economics of leagues, teams,
venues, and entertainment districts, focusing on media rights and
dedicated revenue streams. Led by industry veterans, they provide capital
solutions and strategic advice tailored to the unique needs of the sports
sector. Clients benefit from flexible financing, long-term value creation,
and personalized relationships with bankers who understand the
complexities of the sports ecosystem.
5. Power & Renewables: Led by Jerry WellsJerry 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, Jerry 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.The Power & Renewables team specializes in project
financing for U.S. energy infrastructure, with a primary focus on
renewable assets such as solar and battery storage, while also supporting
natural gas power generation and LNG liquefaction. Leveraging deep
industry knowledge and structuring expertise, the team serves as a
trusted advisor to help clients successfully raise capital. Financing
solutions include construction and term loans, tax credit, and tax bridge
loans as well as corporate level facilities.
6. Oil & Gas: Led by Michael DombroskiMichael 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, Mike held senior roles at
CrossFirst Bank, LegacyTexas Bank, and OneWest Bank, supporting clients
through complex transactions and industry challenges.The Oil & Gas team
offers tailored financial solutions that help clients adapt to evolving
market dynamics while optimizing operational efficiency. Its key
differentiator lies in a deep understanding of the sector's challenges
and opportunities, enabling strategic support that drives resilience and
value.
7. Insurance: Led by David AlbanesiWith 30 years of experience, David 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.The Insurance Banking team offers
customized financing and strategic guidance to insurance firms, focusing
on risk management, capital optimization, and growth. Led by industry
experts, the group leverages deep sector knowledge and a
relationship-driven approach to help clients navigate challenges and
maximize performance.
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. This structure enables Flagstar to deliver tailored solutions, focused capital deployment, and long-term partnerships aligned with sector-specific needs and opportunities.
Flagstar Financial, Inc.
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July 09, 2025 08:30 ET (12:30 GMT)