|
|
|
| |
| Additional information |
| |
| Flagstar Bank FSB |
| |
| |
Mission statement:
To provide a better quality of life for our customers by offering a full spectrum of products and services delivered with a genuine commitment to understanding their specific needs and financial well-being; to create value for our investors and communities; and to employ exceptional talent that confirms this commitment. |
|
 |
|
Overview:
Flagstar Bank, headquartered in Troy, Michigan, is a community bank with 162 banking centers in Michigan, Indiana and Georgia. Chartered in 1987 as a federal savings bank, today Flagstar has assets in excess of $13 billion. |
|
|
|
Vision:
Flagstar will become a super-community bank with a national reputation for developing genuine relationships with our customers through hard work, loyalty, and straightforwardness. Along with deep-rooted knowledge and expertise, our focus is to help people put their best financial foot forward.
People: qualified, experienced professionals dedicated to being the best to help our customers get the best.
Portfolio: providing best-in-class products to commercial, retail, and mortgage customers.
Partners: a nurturing network of financial professionals who create and provide a culture of confidence to move customers’ finances forward.
Profit: maximizing long-term returns for our shareholders not only financially but emotionally, being ever mindful of our responsibilities to all facets of our customers’ lives.
Productivity: together, as an organization, providing our products and services in an effective and efficient manner. |
|
|
|
History:
Flagstar's history dates back to 1938 when Security Savings & Loan opened for business in Jackson, Michigan, with $3.2 million in assets.
Meanwhile, the mortgage side of Flagstar was taking root in First Security Bank, a federal savings bank based in Bloomfield Hills, Michigan, which started in 1987. First Security had $3 million in assets and one branch in its first year of operation. Its business primarily focused on funding regional retail and wholesale home lending operations.
In 1992, First Security expanded its home lending business nationally and the following year formed a holding company. In 1994, First Security acquired Security Savings of Jackson, which at the time had $231 million in assets. With this acquisition, Flagstar gained six additional branches and an entrée into retail banking. In 1996, the company changed its name to Flagstar to reflect the new, combined entity.
Flagstar became a publicly held company with a listing on the Nasdaq in 1997, moving to the New York Stock Exchange in 2001, where it currently trades under the symbol FBC.
Over the years, Flagstar has expanded its banking network from its home base in Michigan to include branches in Indiana and Georgia. Its home lending operation also has grown, and today the company is one of the top originators of home loans in the country. Additionally, it is national leader in paperless mortgage processing.
In 2009, Flagstar announced a new management team led by Joseph Campanelli, formerly CEO of Sovereign Bancorp, headquartered in Pennsylvania. The new team has created a business model to transform Flagstar into a full-service community bank with a wide range products and services for consumers and businesses. |
|
|
|
| Formerly known as:
First Security Savings Bank, Fsb |
|
|
|
| Toll Free:
+1 800 945 7700 |
|
|
|
|
|
|
|
 |
|
 |
|
|
