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Tierney 'has worked hard to position Flagstar as a top-tier national mortgage originator and a strong Michigan community bank,' says John Lewis, the company's chairman.

Tierney Steps Aside as Flagstar's CEO

MAY 17, 2013 9:33am ET
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Tierney, who will remain at Flagstar, sought to reinvent the company as a Michigan community bank and address past issues during his eight months at the helm.

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