Feb 29 (Reuters) - New York Community Bancorp on Thursday increased its previously reported fourth-quarter loss more than tenfold to $2.71 billion, mainly reflecting a $2.4 billion writedown for goodwill.

Shares of the company fell 17% in extended trading.

The bank also named Alessandro Dinello as president and chief executive officer. Thomas Cangemi on Feb. 23 had notified the company of his decision to resign from the roles.

The company had previously posted a $252 million net loss for the fourth quarter.

The stock had sunk to a nearly 27-year low after

the bank was sued by shareholders

for reporting on Jan. 31 unexpected commercial real estate loan losses and slashing its dividend.

Management identified material weaknesses in internal controls related to loan review, including ineffective oversight, risk assessment and monitoring, it said in a filing.

The bank also noted that its control over financial reporting was not effective in December. It corrected previous financial statements to adjust values related to the acquisition of certain assets and liabilities of failed Signature Bank through a Federal Deposit Insurance Corporation facilitated transaction.

The bank will have to delay publication of its 2023 annual report due to the material weaknesses in internal controls, it added.

In a proposed class action filed in Brooklyn federal court, shareholders said the regional bank defrauded them by failing to disclose it would set aside more money for credit losses, and cut its dividend 71% to shore up its balance sheet. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar and Richard Chang)