Flagstar Bancorp Inc.

Public Company, Headquarters Location
5151 Corporate Dr., Troy, MI 48098-2639, United States
(800)945-7700, (248)312-2000, (248)312-6833 fax, http://www.flagstar.com

Primary SIC: Savings Institutions Federal Chartered, Primary NAICS: Offices of Bank Holding Companies
Description: Flagstar Bancorp Inc. was founded in 1993 and incorporated in Michigan. Based in Troy Mich., the company conducts business primarily through its principal subsidiary, Flagstar Bank FSB, a federally chartered stock savings bank. The bank is a member of the Federal Home Loan Bank of Indianapolis and is subject to regulation, examination and supervision by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation (FDIC). The bank's deposits are insured by the FDIC through the Deposit Insurance Fund. At December 31, 2008, the company operated 175 banking centers (of which 42 are located in retail stores such as Wal-Mart) located in Michigan, Indiana and Georgia. Flagstar Bancorp also operates 104 home loan centers located in 27 states. This includes an additional 12 banking centers that were opened during 2008, including six in Georgia, five in Michigan and one in Indiana. The company earns net interest income from retail banking activities and non-interest income from sales of residential mortgage loans to the secondary market, the servicing of loans for others, the sale of servicing rights related to mortgage loans serviced and fee-based services provided to customers. More

Finance: Bank holding company for a mortgage bank and a federally chartered savings bank.