Creating value by embracing diversity, equity, and inclusion in the workplace.
Flagstar Bank believes that fostering a culture of diversity, equity, and inclusion broadens perspectives, engages employees, encourages teambuilding, and helps create a positive environment in which to work and grow. This ultimately can help better answer the varied needs of our customers and the communities in which we serve.
OUR DIVERSITY, EQUITY, AND INCLUSION VISION CENTERS ON FIVE PILLARS:
- 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
COMPANY DIVERSITY GROWTH THROUGH 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 diversity, equity, and inclusion by fostering leadership, networking, and development opportunities, increasing awareness, and being involved in our communities. Our ERGs include:
- Veterans
- Women
- Disabilities
- LGBTQ
- African and African Americans
- Asian Indians
- Hispanic Latinos
- Native Americans
- Millennials/Young Professionals
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
Our CEO Tom Cangemi has joined more than 250 chief executives nationwide in signing the CEO Action for Diversity & Inclusion. By endorsing this pledge, Flagstar has committed to take measurable actions to create a work environment where corporate diversity, equity, and inclusion thrive.
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.
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.
Flagstar was recently 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.