Flagstar Bank Archives

Citi Agents $1.905B Revolver for Toll Brothers

Toll Brothers entered into a five-year $1.905 billion revolving credit facility to replace the company’s existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021.

Flagstar Bank Hires Lee to Head Capital Markets

Flagstar Bank hired Jason Lee to lead Flagstar’s Secondary Marketing and Capital Markets operations.

May 2, 2019 Flagstar Bank | Jason Lee nadine

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.

December 4, 2018 Alessandro DiNello | Flagstar Bank | wells fargo Amanda Koprowski

Wells Fargo to Sell 52 Retail Branches to Flagstar

Wells Fargo agreed to sell 52 retail bank branches in Indiana, Michigan, Ohio and Wisconsin to Flagstar Bank. The sale is part of Wells Fargo’s plan to reduce its retail locations to approximately 5,000 branches by the end of 2020.

June 6, 2018 Flagstar Bank | Mary Mack | wells fargo ABF Journal

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.

March 19, 2018 Desert Community Bank | East West Bank | Flagstar Bancorp. | Flagstar Bank Amanda Koprowski

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.

Flagstar Agrees to Settlement with Assured Guaranty

Flagstar announced that the bank has entered into an agreement to settle a lawsuit filed by Assured Guaranty and will pay $105 million for claims arising from home equity line of credit loans insured by Assured.

June 24, 2013 Assured Guaranty Flagstar Bancorp | Assured Guaranty Municipal | Flagstar Agrees | Flagstar Bank | HELOC ABF Journal

BridgeSpan Capital, Crestmark Announce Joint Venture

BridgeSpan Capital and Crestmark announced the joint venture BridgeSpan Funding, formed specifically to provide short-term financing to investors in commercial real estate assets.

March 25, 2013 BridgeSpan | Crestmark Announce Joint Venture BridgeSpan Capital Partners | Flagstar Bank | Matt Roslin ABFJ News

Customers Bank to Buy Flagstar’s Northeast Loan Portfolio

Flagstar Bancorp said Customers Bank will acquire Flagstar’s remaining Northeast-based commercial loan portfolio.

February 6, 2013 Customers Bank | Flagstar Bank | Northeast Loan Portfolio Flagstar Bancorp ABFJ News

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.

January 3, 2013 Flagstar Bancorp. | Flagstar Bank | Loan Portfolio CIT Group ABFJ News

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