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July 31, 2015 4:47 AM ET

Banks

Company Overview of Flagstar Bank, FSB

Company Overview

Flagstar Bank, FSB provides commercial, small business, and consumer banking services in Michigan. The company offers checking accounts, savings accounts, money market accounts, certificates of deposit, and online and mobile banking services; and fixed mortgages, VA mortgages, home loans, refinance, home equity lines of credit, and credit cards. It also provides traditional IRAs, Roth IRAs, educational accounts, health savings accounts, and financial planning libraries; and personal loans, including auto, boat, motorcycle, RV, and snowmobile loans. In addition, it offers home loans through a wholesale network of brokers and correspondents, and retail centers. Further, the company provides co...

5151 Corporate Drive

Troy, MI 48098

United States

Founded in 1987

Phone:

248-312-2000

Fax:

248-312-6834

Key Executives for Flagstar Bank, FSB

Chief Executive Officer, President, Director, Chief Executive Officer of Flagstar Bancorp, Inc and Director of Flagstar Bancorp, Inc
Age: 60
Chief Financial Officer and Executive Vice President
Age: 49
Chief Operating Officer
Age: 40
Executive Vice President and Community Banking President
Age: 58
President of Mortgage Banking Division
Age: 60
Compensation as of Fiscal Year 2015.

Flagstar Bank, FSB Key Developments

Flagstar Bank Hires Leonard Israel as President for Mortgage Operations

Flagstar Bank has announced that it has hired a president for its mortgage operations. Leonard Israel has been hired to the position and he will report to Flagstar Bank president and CEO, Alessandro DiNello. He will be responsible for all aspects of the bank's mortgage originations business. He has close to 30 years of experience in the mortgage industry.

Flagstar Bancorp Inc. and Flagstar Bank, FSB Announce the Resignation of Michael C. Flynn as Executive Vice President and Chief Legal Officer, Effective June 30, 2015

On June 18, 2015, Michael C. Flynn announced his intention to resign as Executive Vice P resident and Chief Legal Officer of Flagstar Bancorp Inc. and its wholly-owned subsidiary, Flagstar Bank, FSB, effective June 30, 2015.

Flagstar Bank Announces Settlement with Consumer Financial Protection Bureau

Flagstar Bank, FSB announced that it has entered into a settlement agreement with the Consumer Financial Protection Bureau (CFPB). The settlement relates to alleged violations of federal consumer financial laws arising from the Bank's loss mitigation practices and default servicing operations dating back to 2011. Under the terms of the settlement agreement, the Bank will pay $27.5 million to the CFPB for borrower remediation, and $10 million in civil monetary penalties. The settlement does not involve any admission of wrongdoing on the part of the Company or its employees, directors, officers or agents.

Similar Private Companies By Industry

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First American Bank, N.A. (Hudson, WI) United States
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The Morrill and Janes Bank and Trust Company United States
Hart County Bank and Trust Company United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 2, 2015
Flagstar Bank, FSB, Saginaw Branch
 

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