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.

November 4, 2019 Bank of the West | BMO Harris Bank | BofA Securities | Branching Banking and Trust | Capital One | CIBC Bank USA | Citibank | Citizens Bank | Comerica Bank | Fifth Third Bank | Flagstar Bank | Goldman Sachs Bank | Mizuho Bank | People's United Bank | PNC Capital Market | Regions Bank | Sumitomo Mitsui Banking | SunTrust Robinson Humphrey | TD Bank | Texas Capital Bank | The Bank of New York Mellon | Toll Brothers | U.S. Bank | Wells Fargo Bank nadine

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.

May 31, 2017 Alessandro DiNello | Andrew Ottaway | Flagstar Bank | Ken Jones | Mike Doyle | Rick Mora Sam Nickerson

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