Supplier Diversity | ESG

Flagstar Bank is committed to working with a diverse network of suppliers that provide quality products and services, competitive pricing, and first-rate performance and delivery within the communities we serve. Diversity among our business partners helps us innovate, create value, and puts us at a competitive business advantage.

Qualification criteria

Businesses that are at least 51% owned, operated, and controlled by U.S. citizens who are members of one of the following groups qualify as certified diverse suppliers:

African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, Indian Americans, and other individuals found to be qualified by the Small Business Administration (SBA) under 13 CFR 124.105¹
Disabled individuals
Women
Service veterans and disabled veterans
Members of the LGBTQ community

Supplier selection

We're dedicated to focusing on building quality business relationships by selecting suppliers based on the following criteria:

Quality products and services
Competitive pricing
Quality performance and delivery

Partner organizations

Our commitment to supplier diversity is also reflected in our support of the following organizations:

Detroit Regional LGBT Chamber of Commerce
Great Lakes Women’s Business Council
Michigan Diversity Council
Michigan Hispanic Chamber of Commerce
National Minority Supplier Development Council and its Michigan Council
Veteran-Owned Business Roundtable