Community Bank of New York raised over $1 billion through equity financing, led by former US Treasury Secretary Munuchin's company. On March 6th, Community Bank of New York announced that it had received over $1 billion in equity investments, led by Munuchin's Liberty Strategic Capital, Hudson Bay Capital, and Reference Capital Partners. The New York Community Bank also announced in a statement the appointment of former Director of the Comptroller of the Currency, Joseph Otting, as CEO. Otting succeeded Alessandro DiNello, who became the CEO on February 29th. DiNello will continue to serve as non-executive chairman.