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
