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Supplier Diversity

Our commitment to diversity includes our business partners.

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, all while giving back to the community.


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, Asian Indian Americans
  • Small business enterprises qualified by the Small Business Administration (SBA)
  • Individuals with disabilities
  • Women
  • Veterans, 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


Organizations we support

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 Hispanic Chamber of Commerce
  • Michigan Minority Supplier Development Council
  • National Minority Supplier Development Council
  • Southern California Minority Supplier Development Council
  • Veteran-Owned Business Roundtable


Partner with us

If you are interested in becoming a supplier for Flagstar Bank, please email us at [email protected]. Our third-party management team will contact you for additional conversations. Engagement with our third-party management team and/or meeting the supplier diversity qualification criteria will not produce a preferred supplier status, but it does allow for potential consideration as future opportunities arise.


2022 accomplishments

  • Hired a full-time supplier diversity manager to mature our supplier diversity strategy
  • Presented at the 2022 National Black & Latino Economic Summit’s Supplier Diversity Programs panel
  • Participated in the Michigan Minority Procurement Conference’s Buyer Opportunity Exchange
  • Elevated our support of minority-owned businesses to the national level with our support of the National Minority Supplier Development Council 
  • Joined the Council of Supplier Diversity Professionals and Financial Services Roundtable for Supplier Diversity to gain access to best practices

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