Embracing diversity, equity, and inclusion in the workplace
At Flagstar Bank, we recognize and embrace differences rather than conformity because we believe diversity makes us stronger. By fostering an environment where people feel safe and heard, everyone can be their authentic selves. We also ensure each of us can reach our full potential and succeed at all levels of the organization.
“We have made great strides to integrate DEI into Flagstar’s business operations to ensure we’re building a diverse and inclusive environment that fully engages all teammates and customers. Cultivating an environment that embraces the unique qualities of our diverse workforce provides a competitive advantage, enabling us to foster a culture of belonging for everyone who interacts with our brand. DEI truly resonates when our offerings, services, and career pathways mirror the diverse individuals within our organization and community, positioning Flagstar as a leader in modern banking."
"I am incredibly proud to be part of the strengthening of our culture at Flagstar. Together, with a strong commitment to our corporate culture, we will do remarkable things.”
- Joseph Otting, president and CEO
DEI drives our business forward
Our strategic framework fundamentally supports the business. Flagstar’s DEI vision is built around three focus areas:
The progress of our focus areas is reviewed quarterly with our ESG and DEI Management Committee, which includes our CEO.
The mission of employee resource groups (ERGs)
Our employee resource groups and regional committees provide an empowering and safe environment for increased professional exposure, career development, and community outreach in support of causes most relevant to each group’s demographic. These groups strive to increase teammate awareness and facilitate community outreach to maximize the effect of these efforts.
Flagstar ERGs
Regional DEI committees
Our environmental, social, and governance program
At Flagstar, DEI is a cornerstone of our social initiatives from our environmental, social, and governance program. The ESG program is designed to meet the needs of our customers, communities, and teammates while reducing our environmental impact.
For more information on our ESG efforts, please refer to our ESG Report or ESG page.
Supplier Diversity
We recognize the importance of supplier diversity in our sourcing processes. Certified diverse suppliers have an equal opportunity to participate in providing products and services to Flagstar and our customers.
To learn more about our supplier diversity program and requirements, visit our Supplier Diversity.
Talent snapshot
Tracking our performance is essential as we work toward a diverse, equitable, inclusive, and culturally rich environment. Using industry benchmarks from the U.S. Bureau of Labor Statistics as a base, we’ve continued to make progress in overall diverse talent acquisition and minority representation.
Total Employees
Total Employees
Female
Male
Total Management Representation
Female
Male
Minority Representation
Asian
Black
Hispanic
Two or More Races
White
Ethnicity |
Total Employees |
Total Female |
Total Male |
Management Positions |
|---|---|---|---|---|
|
American Indian or Alaskan Native |
31 |
24 |
7 |
12 |
|
Asian |
1,054 |
603 |
439 |
617 |
|
Black |
1,306 |
980 |
312 |
467 |
|
Hispanic |
1,097 |
731 |
349 |
423 |
|
Hawaiian or Other Pacific Islander |
35 |
29 |
6 |
17 |
|
Two or More Races |
182 |
119 |
61 |
81 |
|
Undisclosed |
185 |
116 |
64 |
70 |
|
White |
5,083 |
2,973 |
2,089 |
3,199 |
The data also shows that we still have work to do, especially in minority management representation. We view it as an opportunity to improve, as demonstrated by the initiatives we have undertaken, including the following: