Rick Kurz has been appointed president of Flagstar Financial & Leasing LLC and Flagstar Public Funding Corp., effective immediately, following the retirement of Walter Rabin on May 9.
Kurz, a 30-year veteran of the equipment finance industry, has spent the past 13 years at Flagstar. He previously held senior roles at Capital One Equipment Leasing & Financing, North Fork Bank and Washington Mutual Equipment Finance. Most recently, he led Flagstar’s National Sales team.
In his new role, Kurz will oversee strategy and execution across Flagstar’s equipment finance business, with a focus on expanding product offerings and deepening relationships with commercial and business clients. He will be based in both Bothell, Washington, and the greater Phoenix, Arizona area.
Mike Jones will succeed Kurz as Head of National Sales and Strategy for Flagstar Financial & Leasing LLC. Jones, who rejoined Flagstar in November 2024, brings extensive experience from BancorpSouth Equipment Finance, Wintrust Commercial Finance, Key Equipment Finance and Citi Capital Commercial Corp. He is known for driving business growth through strategic leadership and client-centric innovation and will be based in Texas.
Flagstar Financial & Leasing provides secured equipment financing solutions for businesses of all sizes. Equipment finance is a core offering within Flagstar Bank’s suite of commercial, corporate, and business banking services.
