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Flagstar Bank


  • Flagstar Bancorp, Inc

Flagstar Bank facts

  • operates as the holding company for Flagstar Bank, a federally chartered stock savings bank
  • Flagstar is the largest publicly traded savings bank headquartered in Michigan with assets of over $13 billion in 2016
  • Flagstar is also a leading mortgage lender and a national leader in the wholesale mortgage business
  • The bank was chartered in 1987 under the name First Security Savings Bank, FSB
  • A small savings bank in nearby Jackson, Michigan, Security Savings Bank, was purchased in 1994
  • The banking charters of First Security Savings Bank and Security Savings Bank were merged in 1996, and the bank was renamed Flagstar
  • An initial public offering for Flagstar Bancorp, Inc
  • common stock was held in April 1997, and listed on the NASDAQ Stock Market under the symbol FLGS
  • The company's securities' listings moved to the NYSE on July 13, 2001 and trades under the ticker symbol FBC
  • As of September 2016, Flagstar operated 99 branches in Michigan, having sold their branches in both Indiana and Georgia in order to focus on their core markets

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