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About Us

Flagstar Bank is a diversified consumer and commercial bank grounded in building relationships to meet clients where they are on their financial journeys.

Let’s align the stars

We’re excited to share our new brand. Uniting three institutions under one roof is the culmination of extensive operational, technical, and human alignment focused on bringing more solutions, services, and ways to engage with our consumer and commercial clients.

 

Alignment is at the heart of what we do—aligning people, technology, purpose, and goals. 

 

Our parent company, New York Community Bancorp, Inc., is based in Hicksville, NY, and has $113.9 billion in assets, $85.6 billion in loans, $81.4 billion in deposits, and $8.4 billion in total stockholder equity. We are a leading regional bank with 420 banking branches, 134 private client banking teams, wholesale lending via approximately 3,000 third-party originators, retail mortgage lending, multifamily lending, mortgage servicing, and subservicing. We’re also the second largest mortgage warehouse lender nationally based on total commitments. Flagstar has strong footholds in the Northeast and Midwest and exposure to high-growth markets in the Southeast and West Coast.

 

We are driven by our commitment to partner with our clients to set and reach goals together, helping them to take charge and thrive. Our focus is on four core lines of business that include:

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Personal

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Small Business

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Commercial

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Private Bank

Strength in numbers

All financial information as of December 31, 2023

$113.9B

TOTAL ASSETS

$81.4B

TOTAL DEPOSITS

420

BANKING BRANCHES

134

PRIVATE BANKING TEAMS

Awards

Go banking rates best banks 2023 award logo

 

Top 100 Banks
GOBankingRates

 

Icon of a trophy

 

7th Largest Bank Mortgage Originator
Inside Mortgage Finance, Q3 2023

 

Top 50 mortgage copanies in amerca 2022 logo

 

Top 50 Mortgage Company
Mortgage Executive Magazine, 2022

 

NMP Magazing Originators Choice Award Logo

 

Originator Choice Award
National Mortgage Professional, 2023

 

Beverly Meek

 

Best Overall Mortgage Lender
NerdWallet, 2024

 

Fannie Mae Star Performer 2020 General Servicing Award Logo

 

STAR Servicing Award
7x Fannie Mae Recipient1

 

National Mortgage CS Best in Class Award for 2023 for Closing Process award logo

 

Large Bank Tier

Detroit Free Press 2023 Top Places to Work Logo

 

Top Workplaces
Detroit Free Press, 2023

 

Best and Brightest Companies to work for in Nation 2023 award logo

 

Best and Brightest Companies to Work For
2017–2023

 

Energery Star Certification Nation 2022 award logo

 

Premier Member
ENERGY STAR® Certification Nation, 2022

 

Flagstar history

Image of bar graph with Flagstar asset growth from 1993 (1B in assets) 2023 (113.9B) in assets

  • April 14, 1859
    New York Community Bank established as Queens County Savings Bank
  • November 23, 1993
    Queens County Savings Bank lists on NASDAQ ($1B in assets)
  • November 20, 2000
    NYCB completes Haven acquisition ($4.7B in assets)
  • July 31, 2001
    NYCB completes Richmond County merger ($8.9B in assets)
  • October 31, 2003
    NYCB completes Roslyn merger ($23.4B in assets)
  • April 28, 2006
    NYCB completes Atlantic Bank of New York acquisition ($29B in assets)
  • April 2, 2007
    NYCB completes PennFed Financial Services, Inc. acquisition ($30B in assets)
  • October 1, 2007
    NYCB completes Synergy Financial Group, Inc. acquisition ($31B in assets)
  • December 4, 2009
    NYCB announces acquisition of all deposits, select assets from AmTrust Bank ($42B in assets)
  • November 13, 2012
    New York Community Bank shares begin trading under NYCB ticker symbol
  • December 31, 2020
    Thomas R. Cangemi is appointed President and CEO of Flagstar Bank
  • December 1, 2022
    NYCB completes its acquisition of Flagstar Bank, NA
  • March 20, 2023
    NYCB acquires certain assets and assumes certain liabilities of Signature Bridge Bank
  • September 23, 2023 
    NYCB unveils refreshed logo and brand identity signaling the unification of the three companies under the Flagstar name ($111B in assets)