| Flagstar Bancorp, Inc. Commences Rights Offering and Secures Modification of Brokered Deposit Restriction to Allow CDARS Deposits , 12/31/09 | | TROY, Mich., Dec 31, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar" or the "Company"), the holding company for Flagstar Bank, FSB (the "Bank"), today announced the commencement of the previously announced rights offering for up to 704,234,180 shares of its common stock. On December 30, 2009, the Company's Registration Statement on Form S-3 related to the rights offering was declared effective by the Securities and Exchange Commission.
Under the rights ... More >> |  | | Flagstar Bancorp, Inc. Announces Terms of Proposed Rights Offering , 12/14/09 | | TROY, Mich., Dec 14, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar" or the "Company"), the holding company for Flagstar Bank, FSB (the "Bank"), today announced that it intends to commence a rights offering for up to approximately 704 million shares of its common stock.
Under the rights offering, each stockholder of record as of the December 24, 2009 record date will receive, at no charge, approximately 1.5 non-transferable subscription rights for each s... More >> | | | Flagstar Announces Resignation of Mark T. Hammond; Results of Special Meeting of Stockholders , 12/08/09 | | TROY, Mich., Dec 08, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar" or the "Company"), the holding company for Flagstar Bank, FSB (the "Bank"), today announced that Mark T. Hammond has decided to resign as Vice-Chairman and as a member of the Board of Directors of both companies and as a non-officer Executive Advisor of the Company.
"I want to thank Flagstar's employees for their hard work as well as their contributions to our achievements over the yea... More >> | | | Flagstar Announces Strategic Initiatives and Leadership Appointments and Reports 2009 Third Quarter Results , 11/03/09 | | TROY, Mich., Nov. 3 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank FSB, today announced third quarter results for the period ended September 30, 2009. In addition, Flagstar's Board of Directors announced several initiatives designed to strengthen Flagstar leadership, improve operational efficiency and enhance earnings capacity and long-term performance.
The Board announced it will move forward with the following:
-- The appointmen... More >> | | | Flagstar Wins Innovative Lender Award From Mortgage Technology Magazine , 10/28/09 | |
TROY, Mich., Oct. 28 /PRNewswire-FirstCall/ -- Flagstar Bank, a subsidiary of Flagstar Bancorp, Inc., (NYSE: FBC), today announced it was named the 2009 Innovative Lender by Mortgage Technology magazine publisher, SourceMedia, at the organization's recent Tech Awards ceremony in San Diego.
In naming Flagstar the winner, Mortgage Technology noted that "Flagstar Wholesale Lending has consistently led the industry in utilizing technology to streamline its mortgage process for independent... More >> | | | Flagstar Announces Thomas J. Hammond to Retire as Chairman of the Board , 10/22/09 | |
TROY, Mich., Oct. 22 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company"), the holding company for Flagstar Bank FSB (the "Bank"), today announced that Thomas J. Hammond has decided to retire as Chairman of the Board of both companies and has resigned from the respective boards of directors.
"It has been approximately 10 months since the acquisition of Flagstar Bank by the new majority owners. The new CEO has strong banking experience and understands t... More >> | | | Flagstar Bancorp Announces Updated Quarterly Conference Call , 10/08/09 | |
TROY, Mich., Oct. 8 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released updated instructions for its third quarter 2009 Analyst / Investor Conference Call.
The conference call will now take place on Tuesday, November 3, 2009, from 11 a.m. to 12 noon (Eastern). To join, please call (866) 294-1212 toll free or (702) 696-4911 and use passcode: 34161264. Please call at least 10 minutes before the call is scheduled to begin. A replay will be available f... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 10/07/09 | | TROY, Mich., Oct 07, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its third quarter 2009 Analyst / Investor Conference Call. The purpose of the call is to discuss the Company's third quarter 2009 earnings that will be released after the close of business on October 20, 2009. Representing the Company on the call will be Thomas J. Hammond, Chairman, Joseph P. Campanelli, President and CEO, and Paul D. Borja, CFO.
The conference cal... More >> | | | Smart Savers Can Accelerate Their Savings Online at Flagstar Direct , 10/02/09 | | New Web site with high-yield accounts helps consumers earn more on their money
TROY, Mich., Oct. 2 /PRNewswire-FirstCall/ -- Smart savers looking to earn more on their savings can log on to FlagstarDirect.com, the new online banking destination from Flagstar Bank. Launched earlier this week, the site not only enables customers to grow their money by offering products such as Kiplinger's BEST money market account, but also conveniently manages their existing accounts.
(Photo: http://www.ne... More >> | | | Flagstar Bancorp, Inc. Elects Joseph P. Campanelli President and Chief Executive Officer , 10/01/09 | |
TROY, Mich., Oct. 1 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc., (NYSE: FBC) (the "Company") , the holding company of Flagstar Bank ("Flagstar"), today announced that Joseph P. Campanelli has been elected President and Chief Executive Officer by the Company's Board of Directors, effective immediately. Mr. Campanelli will replace Mark T. Hammond, who had previously announced his departure. Mr. Hammond had served as Flagstar's President since 1995 and Chief Executive Officer since 2002.
... More >> | | | Flagstar Receives Notification from NYSE About Non-Compliance with a Continued Listing Standard , 09/16/09 | |
TROY, Mich., Sept. 16 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC) announced that, on September 15, 2009, the New York Stock Exchange (the "NYSE") provided notice to the company that it did not satisfy one of the NYSE's standards for continued listing applicable to the company's common stock. The NYSE noted specifically that the company was "below criteria" for the NYSE's price criteria for common stock because the average closing price of the company's common stock was less... More >> | | | Flagstar Bank Opens New Banking Center in Atlanta, Ga. , 08/05/09 | | ATLANTA, Aug. 5 /PRNewswire-FirstCall/ -- Flagstar Bank today opened a new
banking center at 3610 Piedmont Rd., NE, in Atlanta, Georgia. Hours at the
banking center are 8:30 a.m. to 5:30 p.m. Monday through Friday, 8:30 a.m. to
noon Saturday and noon to 4 p.m. Sunday. The drive-up is open 7:30 a.m. to
7:30 p.m. weekdays, 8:30 a.m. to 4 p.m. Saturday and noon to 4 p.m. Sunday.
24-hour ATM access is available. This is Flagstar's
third branch in
Atlanta
and 27th in Georgia.
About... More >> | | | Flagstar Reports 2009 Second Quarter Results , 07/28/09 | | TROY, Mich., July 28, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank FSB, today reported a second quarter 2009 net loss applicable to common stockholders of $76.6 million, or $(0.32) per share (diluted), as compared to a net loss of $67.4 million, or $(0.76) per share (diluted) on a linked quarter basis. Net earnings were $15.7 million, or $0.22 per share (diluted), in the second quarter 2008. For the six months ended June 30,... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 07/01/09 | | TROY, Mich., July 1, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC) today released instructions for its second quarter 2009 Analyst / Investor Conference Call. The purpose of the call is to discuss the Company's second quarter 2009 earnings that will be released after the close of business on July 28, 2009. Representing the Company on the call will be Thomas J. Hammond, Chairman, Mark T. Hammond, President and CEO, and Paul D. Borja, CFO.
The conference call will... More >> | | | Flagstar Reports Completion of Final $50 Million Investment by MP Thrift Investments L.P. , 06/30/09 | | TROY, Mich., June 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) ("Flagstar"), the holding company of Flagstar Bank FSB, today
reported the completion of an investment of $50 million from MP Thrift
Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global
Partners III LLC. With today's investment, MatlinPatterson has invested the
entire $100 million in equity capital that MatlinPatterson had agreed to
purchase from Flagstar on January 30, 2009, and ... More >> | | | Flagstar Announces Chief Executive Officer to be Stepping Down by January 2010 , 06/08/09 | | TROY, Mich., June 8 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) (the "Company"), the holding company for Flagstar Bank FSB (the
"Bank"), today announced that Mark Hammond has decided to step down as
President and Chief Executive Officer of both companies on or before January
29, 2010. After stepping down, Mr. Hammond will continue to serve as
Vice-Chairman of the Board of Directors of both companies and he will also be
employed as a non-officer Executive Advisor of th... More >> | | | DocVelocity Announces Release of Version 2.0 With New Features and Enhancements , 06/01/09 | | TROY, Mich., June 1, 2009 /PRNewswire-FirstCall via COMTEX/ -- DocVelocity, a paperless processing service for mortgage bankers and brokers, today announced the release of DocVelocity 2.0. The new release includes numerous enhancements to make paperless processing easier and faster for users while providing tools for better compliance. DocVelocity is a wholly owned subsidiary of Flagstar Bancorp.
"We've taken the feedback from our customers and other mortgage professionals and created a new ver... More >> | | | Flagstar Bank Receives Hall of Fame Award for Excellence in Servicing , 05/05/09 | | TROY, Mich., May 5 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.,
(NYSE: FBC), recently received Freddie Mac's prestigious Hall of Fame award
for "sustained servicing excellence." The award recognizes Flagstar's superior
performance in servicing mortgage loans for Freddie Mac. Loan servicers are
responsible for collecting mortgage payments and managing escrow accounts for
borrowers. To qualify for the Hall of Fame award, a lender must be a Freddie
Mac Tier One Servicer for four con... More >> | | | Flagstar Bancorp Successfully Resumes Compliance with NYSE Minimum Share Price Listing Requirement , 05/05/09 | | TROY, Mich., May 5 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE:
FBC) announced today that, based on notice received yesterday from the New
York Stock Exchange (the "NYSE"), Flagstar was once again in compliance with
the NYSE's continued listing requirement of a minimum average closing price of
$1.00 per share over a consecutive 30-trading-day period.
In December 2008, Flagstar had been advised by the NYSE that the average
closing price of Flagstar common stock had declin... More >> | | | Flagstar to Audiocast Annual Meeting of Stockholders , 04/30/09 | | TROY, Mich., April 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp (NYSE:
FBC) today announced plans to audiocast its 2009 Annual Meeting of
Stockholders. The annual meeting will be held at 1:00 p.m. ET on Tuesday, May
26, 2009, at the Company's National Headquarters located at 5151 Corporate
Drive, Troy, Michigan.
The call will be available as a live audiocast in the Investor Relations
section of www.flagstar.com. It will also be archived on that site and will
be available for re... More >> | | | Flagstar Reports 2009 First Quarter Results , 04/21/09 | | TROY, Mich., April 21, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc. (NYSE: FBC), the holding company for Flagstar Bank FSB, today reported a first quarter 2009 net loss applicable to common stockholders of $67.4 million, or $(0.76) per share (diluted), as compared to a net loss of $218.5 million, or $(2.62) per share (diluted) in the fourth quarter 2008. Our net loss was $10.6 million, or $(0.18) per share (diluted), in the first quarter 2008.
On a pre-tax, pre-credit cost... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 03/26/09 | | TROY, Mich., March 26 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) today released instructions for its first quarter 2009 Analyst /
Investor Conference Call. The purpose of the call is to discuss the Company's
first quarter 2009 earnings that will be released after the close of business
on April 21, 2009. Representing the Company on the call will be Thomas J.
Hammond, Chairman, Mark T. Hammond, President and CEO, and Paul D. Borja, CFO.
The conference call will ta... More >> | | | Flagstar Bank Opens New Banking Centers in Michigan and Georgia , 03/04/09 | | TROY, Mich., March 4 /PRNewswire-FirstCall/ -- Flagstar Bank today
announced the opening of two new banking centers, one at 6490 Highland Rd., in
White Lake Township, Mich., and one at 2450 Piedmont Rd. NE, in Atlanta, Ga.
Lobby hours at both banking centers are 8:30 a.m. to 5:30 p.m. Monday through
Friday, 8:30 a.m. to noon Saturday and noon to 4 p.m. Sunday. Both drive-ups
are open 7:30 a.m. to 7:30 p.m. weekdays, 8:30 a.m. to 4 p.m. Saturdays and
noon to 4 p.m. Sundays. 24-hour ATM ... More >> | | | Flagstar Reports Completion of Second $25 Million Investment by MP Thrift Investments L.P. , 02/27/09 | | TROY, Mich., Feb. 27 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) ("Flagstar"), the holding company of Flagstar Bank FSB, today
reported the completion of an investment of $25 million from MP Thrift
Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global
Partners III LLC, an affiliate of MatlinPatterson Global Advisers. The
investment resulted in the issuance of 25,000 shares of Flagstar's Convertible
Participating Voting Preferred Stock, Series B,... More >> | | | Flagstar Reports Completion of $25 Million Investment by MP Thrift Investments L.P. , 02/17/09 | | TROY, Mich., Feb. 17 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) ("Flagstar"), the holding company for Flagstar Bank FSB, today
reported the completion of an investment of $25 million from MP Thrift
Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global
Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, which
is the first portion of the previously announced $100 million in equity
capital that MatlinPatterson will purchase from ... More >> | | | Flagstar Notice Regarding Additional MatlinPatterson Investment , 02/13/09 | | TROY, Mich., Feb. 13 /PRNewswire-FirstCall/ -- As announced on January 30,
2009, Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar") and MP Thrift
Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global
Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, entered
into a closing agreement pursuant to which MatlinPatterson will purchase $100
million in equity capital from Flagstar, in addition to the $250 million in
equity capital purchased by MatlinPat... More >> | | | Flagstar Reports Completion of $523 Million Investment by U.S. Treasury's TARP Capital Purchase Program, MP Thrift Investments L.P., and Management , 01/30/09 | | TROY, Mich., Jan. 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), the holding company for Flagstar Bank FSB, today reported the
completion of an investment totaling $523 million from three sources pursuant
to previously announced transactions: $266.6 million from the U.S. Treasury's
TARP Capital Purchase Program, $250 million from MP Thrift Investments L.P.
("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC,
an affiliate of MatlinPatterson Glo... More >> | | | Flagstar Reports 2008 Financial Results and Anticipated Closing of $523 Million Investment , 01/30/09 | | TROY, Mich., Jan 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), the holding company for Flagstar Bank FSB, today reported its
fourth quarter and annual results for 2008 and also announced that it expects
to receive on January 30, 2009 a total of $523 million in capital from three
sources pursuant to previously announced transactions: $266.6 million from
the U.S. Treasury's TARP Capital Purchase Program, $250 million from MP Thrift
Investments L.P. ("Matl... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 01/20/09 | | TROY, Mich., Jan. 20 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) today released instructions for its fourth quarter 2008 Analyst /
Investor Conference Call. The purpose of the call is to discuss the Company's
fourth quarter 2008 earnings that will be released after the close of business
on January 29, 2009. Representing the Company on the call will be Thomas J.
Hammond, Chairman, Mark T. Hammond, President and CEO, and Paul D. Borja, CFO.
The conference call wi... More >> | |
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