Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
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New York Community Bancorp (NYSE:NYCB) put the finishing touches on a nice year in the fourth quarter of 2020, and it looks to have another solid year ahead in terms of earnings. But the bank and its new leadership is much more focused on breaking away from its roots and transforming itself to create more shareholder value. Let's take a look at what new leadership has in mind for the transformation and also examine if it's achievable.