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Diversity, Equity, and Inclusion

Having employees, clients, and suppliers who share various backgrounds and views makes us a better company.

Embracing diversity, equity, and inclusion in the workplace

Flagstar Bank believes that fostering a culture of diversity, equity, and inclusion (DEI) broadens perspectives, engages employees, encourages team building, and helps create a positive environment in which to work and grow. This ultimately helps us better answer the needs of our customers and the communities we serve. 

Our DEI vision:

  • Expanding our market share and products
  • Diverse staffing of talent
  • Engaging and developing our diverse team members
  • Connecting with the communities we serve
  • Diversifying our suppliers

Employee resource groups

We support diversity, equity, and inclusion in the workplace through our employee resource groups (ERGs), which are open to all employees. Members work together to advance Flagstar’s commitment to DEI by fostering leadership, networking, and development opportunities, increasing awareness, and being involved in our communities. Our ERGs include:

  • Veteran
  • Women
  • Disabilities
  • LGBTQ+
  • Environmental Sustainability
  • Interfaith
  • African and African American
  • Asian Indian
  • Latinx
  • Native American
  • Young Professionals
  • DEI Committees

Flagstar supplier diversity

We also recognize the importance of supplier diversity in our sourcing processes and affirm that certified diverse suppliers have an equal opportunity to participate in providing products and services to Flagstar and its customers.

Industry recognition for diversity, equity, and inclusion

2021 DiversityInc Top 50 companies for diversity award logo

Flagstar was named by DiversityInc to its 2021 list of Noteworthy Companies. The list comprises 32 companies whose performance in talent pipeline, talent development, leadership accountability, and supplier diversity indicate they have the potential to progress to the elite DiversityInc Top 50.

BISA 2019 Diversity and Inclusion Award

Flagstar was a winner of the 2019 Diversity & Inclusion Award from the Bank Insurance & Securities Association. The award recognizes member firms that demonstrate outstanding leadership, innovation, and results in diversity management. Flagstar was one of only three companies to win in the category.

Image of Everything Business Corp 2018 Winner Salute to Diversity award Logo

Flagstar was recognized by Corp! Magazine as a winner of its annual Salute to Diversity Award within the Diversity-Focused Company category. This award recognizes Flagstar’s initiatives specifically developed to increase diversity, equity, and inclusion in the workplace within the leadership and employee populations.