New York Community Bancorp (NYCB), a mid-sized bank struggling with precarious commercial loans and troubles with its acquisition of the failed Signature Bank last year, named a new chief risk officer and chief audit executive.

George Buchanan III was named the bank’s executive vice president and chief risk officer, while Colleen McCullum was named executive vice president and chief audit executive, according to a press release Friday. The appointments are effective immediately.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...