Flagstar Bank Headquarters Information

Flagstar Bank is a financial institution that’s held by the holding company Flagstar Bancorp, Inc. Flagstar is a stock savings bank that’s chartered federally.

The bank has assets valued at over $16 billion (as of 2016). This made it the largest publicly traded bank in the state of Michigan. The bank is also a key player in the mortgage lending business.

Flagstar Bank is traded in the New York Stock Exchange under the ticker symbol, FBC. By 2016, the bank was employing more than 2894 people.

The bank has 99 branches in Michigan which tend to its retail customers. However, the bank’s mortgage division operates at a national level with 89 locations throughout the country. The bank has over 1000 brokers located in the country.

History of Flagstar Bank

For a bank of its size, Flagstar is relatively new to the field. The bank started as a federal savings bank back in 1987. At that time, it was known as First Security Savings Bank.

At the time of its launch, the bank’s main focus was on regional retail banking services and wholesale mortgage operations.

FSSB Holding Corporation was founded in 1993. One year later, the bank purchased Security Savings Bank which was located in Jackson.

It wasn’t until 1996 that the bank adopted the name Flagstar Bank. One year later, the bank went public. It was initially listed in the NASDAQ stock exchange. However, the company changed to the NYSE in 2001.

The bank grew rapidly and by 2009, the bank already had 179 branches. However, during the 2007 financial crisis that was heavily centered around housing, the bank took a major hit. From 2008 until the 2^nd quarter of 2012, the bank only recorded losses.

The bank would survive after raising $1.6 billion in capital thanks to investors, public offerings and the Troubled Asset Relief Program. As of August 2016, Flagstar had paid back all the money from the TARP.

Flagstar Bank Headquarters

Flagstar Bank is the largest Bank that’s headquartered in Michigan and the size of its headquarters matches its status.

The bank’s headquarters are located in Troy, MI and the building it occupies has 382,000 square feet of space. Around 1750 of the bank’s employees work from this building.

The bank moved into the building in the year 2000. The building is located on a 25-acre location with some of the outside space being used as eating areas by employees. The location can be easily accessed via I-75.

The building is four stories and some of its features include:

• Drive-in bank facilities
• Employee cafeteria
• A four-story atrium
• Access controlled portals etc.

Flagstar Bank Products and Services

Flagstar offers a varied of retail banking services including:

• Checking and savings accounts
• Mortgage services
• Refinancing
• Credit and debit cards
• IRAs
• Educational savings
• CDs

These products and services are available to business clients as well in addition to services such as treasury management.

The bank also offers commercial banking services including:

• Industrial and commercial loans
• Government Banking
• Warehouse lending
• Wholesale mortgage lending etc.

Flagstar Bank Headquarters Address

5151 Corporate Dr, Troy, MI 48098, USA

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