To: Dan Landers FROM: Joseph Campanelli (April 30th, 2013)
Dan, pursuant to our conversations, Flagstar Bank, FSB and Flagstar Bancorp, Inc. (collectively, the "Company") hereby offers you the executive position of Executive Vice-President and Chief Credit Officer. In your role, you will be reporting directly to the Chief Risk Officer of the Company and serve as a member of the Company's Executive Management Committee. Your initial responsibilities will include direct management and oversight of the Company's credit administration function.
February 14, 2013 (April 30th, 2013)
As you are aware, Flagstar Bank, FSB (the "Bank"), a wholly owned subsidiary of Flagstar Bancorp, Inc. (the "Company") is currently undergoing a change in its operational structure. During this period, it is critical that the Bank retain certain employees to continue to provide necessary services to the Bank and its clients. You have been identified as such an employee.