Fed Lifts Flagstar Bank Supervisory Agreement

The Federal Reserve lifted its supervisory agreement with Flagstar Bancorp as of August 14, 2018.

Flagstar Acquires Desert Community Branches from East West

Flagstar Bancorp closed its previously announced transaction to acquire eight Desert Community Bank branches in San Bernardino County, CA, from East West Bank, along with certain related assets.

CIT to Buy Flagstar Bank’s $1.3B Loan Portfolio

CIT announced it has agreed to acquire approximately $1.3 billion in commercial loan commitments, which consists primarily of asset-based, commercial real estate and equipment finance loans and leases from Flagstar Bank.