# Flagstar Bank

> Flagstar Bank is a U.S. regional bank serving consumers, small businesses, commercial borrowers, and private banking clients. With $87.4 billion in assets at September 30, 2026, it is diversifying away from heavy real-estate exposure toward commercial and industrial lending, while retaining consumer deposits and home-loan products.

- **Founded:** 1987
- **Headquarters:** Hicksville, United States
- **Founders:** Thomas J. Hammond (Founder of the legacy Flagstar Bank (1987))
- **Products:** Personal checking and savings, Home loans and home equity, Small business banking, Commercial banking and treasury management, Specialized Industries Group expansion
- **Notable:** Returned to quarterly profitability in fourth quarter 2025., Announced recognition by Crisil Coalition Greenwich for U.S. middle-market banking customer service in 2026., Completed the holding-company reorganization on October 17, 2025.

## Products & services

- **Personal checking and savings** — Ready and Elite checking, savings, CDs, debit cards, and digital banking; fees and waiver conditions vary.
- **Home loans and home equity** — Direct consumer mortgages, government-backed loans, professional and construction loans, refinancing, and home equity products remain available after the 2024 operations sale.
- **Small business banking** — Standard Business Checking has no monthly maintenance fee and includes 200 monthly transactions at no charge under published terms; higher-volume accounts and treasury services are also offered.
- **Commercial banking and treasury management** — Commercial and industrial credit, specialized industry lending, asset-based and equipment finance, capital markets, payments, and cash management.
- **Specialized Industries Group expansion** — Twelve industry verticals serving debt-finance and banking needs of sponsors and public and private companies.
- **Private banking and wealth management** — Dedicated private bankers coordinate lending, deposits, and wealth planning for affluent individuals, families, owners, and organizations.
- **Flagstar Insurance Agency and Guided Portfolio Solutions** — New private-bank insurance and investment capabilities announced with the fully implemented operating model in August 2026.
- **Flagstar S2 Platform** — Internal enterprise technology transformation consolidating three legacy bank environments; not a standalone customer software product.

## Achievements

- Returned to quarterly profitability in fourth quarter 2025.
- Announced recognition by Crisil Coalition Greenwich for U.S. middle-market banking customer service in 2026.
- Completed the holding-company reorganization on October 17, 2025.
- Moody’s upgraded long-term deposit ratings to Baa3 from Ba1 in April 2026, according to the bank.

## Latest updates

- **2026-10** — Third-quarter common-shareholder net income was $3 million, or $0.01 per diluted share; management moved full realization of long-term strategic objectives to 2028 from 2027.
- **2026-08** — Selected Fiserv Finxact for core modernization.
- **2026-08** — Private bank announced full implementation of its operating model and new insurance and portfolio capabilities.
- **2026-06** — Announced the Flagstar S2 Platform branding and proprietary technology initiatives.
- **2026-05** — Extended Joseph Otting’s CEO agreement through March 6, 2028; appointed Richard Raffetto and Lee Smith co-presidents and co-chief operating officers.

## Links

- Website: https://www.flagstar.com/
- LinkedIn: https://www.linkedin.com/company/flagstar-bank
- Twitter/X: https://twitter.com/flagstar
- YouTube: https://www.youtube.com/@Flagstar
- Facebook: https://facebook.com/flagstarbank

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Profile page: https://yespress.io/flagstar-bank
Published by YesPress — https://yespress.io
Last updated: 2026-10-24