Flagstar Acquires 52 Wells Fargo Branches in Midwest

Flagstar Bank closed its previously announced transaction to acquire 52 branches of Wells Fargo Bank in four Midwest states, including approximately $2 billion in deposits, along with certain related assets.

Flagstar Names Ottaway Michigan Market President After Strong 2016

Flagstar Bank named Andrew Ottaway president of the Michigan Market after equipment loans and leases reached $89 million in 2016. Ottaway was already Flagstar’s executive vice president and head of lending.