Flagstar Bank Archives

JPMorgan Chase Leads $500MM Revolving Credit Facility for Quinn Residences

Quinn Residences, an owner of communities of single-family homes for rent in the Southeast, closed a $500 million revolving credit facility led by JPMorgan Chase.

New York Community Bancorp Acquires Certain Signature Bank Assets and Liabilities

Flagstar Bank, a bank subsidiary of New York Community Bancorp, acquired certain assets and assumed certain liabilities of Signature Bridge Bank from the FDIC. All regulatory approvals, including approval from the OCC, have been obtained and the transaction has closed.

Flagstar Bank Provides $50MM Line of Credit to Altisource Asset Management

Altisource Asset Management, an alternative lending company that provides liquidity and capital to under-served markets, entered into an agreement for a $50 million line of credit with Flagstar Bank, a federal savings bank.

August 5, 2022 Altisource Asset Management Corporation | Flagstar Bank | Jason Kopcak Ian Koplin

Flagstar Bank Names Adler Head of Wholesale Banking

Flagstar Bank named Michael Adler executive vice president and head of wholesale banking. Adler has more than 30 years of experience building and growing commercial banking, corporate banking, specialized lending and capital markets business units.

November 11, 2021 Flagstar Bank | Michael Adler | Reggie Davis Ian Koplin

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.

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