Flagstar Bank hired James Cavallaro as vice president of commercial real estate lending for the bank's New England market. In his new role, Cavallaro works with commercial real estate investors and developers to bring qualified lending opportunities to the bank. With more than fourteen years industry experience, Cavallaro will be operating out of Flagstar Bank's office at 40 Westminster St. Cavallaro comes to Flagstar from Sovereign Bank (now Santander), where he was vice president of Business Banking. He holds a B.S. degree in accounting from Providence College.