| Flagstar Receives Preliminary Approval To Participate in the U.S. Treasury's Capital Purchase Program , 12/31/08 | | TROY, Mich., Dec. 31 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) announced that it has received preliminary approval from the
United States Department of the Treasury ("Treasury") of its application to
participate in Treasury's Capital Purchase Program. Under the Capital
Purchase Program, Flagstar is eligible to sell to Treasury up to $266 million
of newly issued Flagstar preferred stock, which will carry a 5% coupon for
five years, and 9% thereafter. In addition, Tr... More >> |  | | Flagstar Notice Regarding MatlinPatterson Investment , 12/31/08 | | TROY, Mich., Dec. 31 /PRNewswire-FirstCall/ -- As announced on December
17, 2008, Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar") intends to issue
shares of convertible participating voting preferred stock pursuant to the
investment agreement entered into by Flagstar with MP Thrift Investments L.P.
("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC,
an affiliate of MatlinPatterson Global Advisers LLC on December 17, 2008. The
transaction would normally requir... More >> | | | MatlinPatterson to Invest $250 Million in Flagstar Bancorp , 12/17/08 | | TROY, Mich., Dec. 17 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) ("Flagstar") today announced that it has entered into an
investment agreement with MP Thrift Investments L.P. ("MatlinPatterson"), an
entity formed by MP (Thrift) Global Partners III LLC, an affiliate of
MatlinPatterson Global Advisers LLC, pursuant to which MatlinPatterson will
make a $250 million investment in Flagstar.
Pursuant to the agreement, MatlinPatterson will purchase from Flagstar
250,000 ... More >> | | | Flagstar Receives Notification From NYSE About Non-Compliance with a Continued Listing Standard , 12/16/08 | | TROY, Mich., Dec. 16 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) announced today that, on December 10, 2008, 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 stoc... More >> | | | Flagstar Reports 2008 Third Quarter Results , 10/30/08 | | TROY, Mich., Oct 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), the holding company for Flagstar Bank FSB, today reported a 2008
third quarter net loss of $62.1 million, or $(0.79) per share (diluted). On a
linked-quarter basis, Flagstar had net earnings of $15.7 million, or $0.22 per
share (diluted). On a prior year basis, third quarter 2007 net loss was $32.1
million, or $(0.53) per share (diluted). For the nine months ended September
30... More >> | | | Flagstar Bank Opens New Banking Center in Suwanee, Ga. , 10/29/08 | | ATLANTA, Oct 29, 2008 /PRNewswire via COMTEX News Network/ -- Flagstar Bank today opened a new banking
center at 1001 Peachtree Industrial Blvd. in Suwanee, 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 second branch in Suwanee.
About Fl... More >> | | | Flagstar Bank Opens New Banking Center in Northville, Mich. , 10/22/08 | | TROY, Mich., Oct. 22 /PRNewswire/ -- Flagstar Bank today opened a new
banking center at 39900 Eight Mile Road in Northville, Mich. 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.
About Flagstar
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC... More >> | | | Flagstar's DocVelocity Wins 'Release of the Year Award' From Mortgage Technology Magazine , 10/20/08 | | TROY, Mich., Oct. 20 /PRNewswire-FirstCall/ -- DocVelocity, an online
system developed by a wholly owned subsidiary of Flagstar Bancorp (NYSE: FBC),
was named "Release of the Year" by Mortgage Technology magazine at the
publication's annual Tech Awards ceremony in San Francisco Oct. 19.
DocVelocity provides independent mortgage brokers and mortgage bankers
with paperless processing technology. The Mortgage Technology Tech Awards
competition was inaugurated in 2000 to recognize prac... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 10/10/08 | | TROY, Mich., Oct. 10 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) today released instructions for its third quarter 2008 Analyst /
Investor Conference Call. The purpose of the call is to discuss the Company's
third quarter 2008 earnings that will be released after the close of business
on October 30, 2008. 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 t... More >> | | | Flagstar Provides Additional Detail With Regard to Guidance , 09/12/08 | | TROY, Mich., Sept. 12 /PRNewswire-FirstCall/ -- Flagstar Bancorp
(NYSE: FBC) issued the following statement regarding its presentation on
September 10, 2008, at the Lehman Brothers Global Financial Services
Conference.
In the presentation, among other things, Flagstar raised its guidance for
loan administration income for 2008 from a range of $61-$71 million to a range
of $97 to $107 million. In providing this guidance for loan administration
income, Flagstar notes that it relat... More >> | | | Flagstar Bank Opens New Banking Center in Norcross, Ga. , 08/20/08 | | ATLANTA, Aug. 20 /PRNewswire-FirstCall/ -- Flagstar Bank today opened a
new banking center at 4875 Peachtree Industrial Boulevard in Norcross, Ga.
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.
About Flagstar
Flagstar Bank is a subsidiary of Flagstar Ba... More >> | | | Flagstar to Present at Lehman Brothers Global Financial Services Conference , 08/15/08 | | TROY, Mich., Aug. 15 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) will present on Wednesday, September 10, 2008 at the Lehman
Brothers Global Financial Services Conference, which is taking place at the
Hilton New York, New York City.
Attending the conference for Flagstar Bancorp will be Mark Hammond, CEO,
and Paul Borja, CFO. Mark Hammond is scheduled to speak at the conference
beginning at approximately 11:15 a.m. Eastern. Attendance at the conference
is by invi... More >> | | | Flagstar Stockholders Approve Proposal Related To Recent Capital Raise , 08/12/08 | | TROY, Mich., Aug 12, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) held a special meeting of stockholders today at the Company's
National Headquarters located at 5151 Corporate Drive, Troy, Michigan.
At the special meeting, stockholders approved the automatic conversion of
the Company's mandatory convertible non-cumulative perpetual preferred stock
into the Company's common stock. The preferred stock was issued as part of the
Company's recent $10... More >> | | | Flagstar Bank Opens Banking Center in Lawrenceville, Ga. , 07/23/08 | | ATLANTA, July 23 /PRNewswire-FirstCall/ -- Flagstar Bank today opened a
new banking center at 4780 Sugarloaf Parkway in Lawrenceville, Ga. 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.
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC), a bank
h... More >> | | | Flagstar Reports 2008 Second Quarter Results , 07/17/08 | | TROY, Mich., July 17 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), the holding company for Flagstar Bank FSB, today reported a 2008
second quarter net earnings of $15.7 million, or $0.22 per share (diluted).
On a linked-quarter basis, Flagstar had a net loss in the first quarter 2008
of ($10.6) million, or $(0.17) per share (diluted). On a prior year basis,
second quarter 2007 net earnings were $15.1 million, or $0.25 per share
(diluted). For the six months ended June... More >> | | | Flagstar Bancorp Announces Preliminary Second Quarter 2008 Financial Results , 07/14/08 | | TROY, Mich., July 14 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) announced today that for the quarter ended June 30, 2008, it
anticipates reporting net earnings of $15.7 million, or $0.22 per share
(diluted) and net earnings for the six months ended June 30, 2008 of $5.1
million, or $0.08 per share (diluted).
Flagstar also expects to report a significant increase over first quarter
2008 and fourth quarter 2007 in the regulatory capital ratios of Flagstar
Bank, its... More >> | | | Flagstar Bank Opens Banking Center in Woodstock, Ga. , 07/09/08 | | ATLANTA, July 9, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bank today opened a new
banking center at 6430 Bells Ferry Road in Woodstock, Ga. 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.
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE:... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 06/24/08 | | TROY, Mich., June 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) today released instructions for its second quarter 2008 Analyst /
Investor Conference Call. The purpose of the call is to discuss the Company's
second quarter 2008 earnings that will be released after the close of business
on July 17, 2008. Representing the Company on the call will be Thomas J.
Hammond, Chairman, Mark T. Hammond, President and CEO, and Paul D. Borja, CFO.
The c... More >> | | | Flagstar Bank Opens Third Banking Center in Alpharetta, Ga. , 06/04/08 | | ATLANTA, June 4, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bank today opened a new
banking center at 6197 Windward Parkway in Alpharetta, Ga., its third banking
office in the community. 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.
Flagstar's ... More >> | | | Flagstar Successfully Completes Previously Announced Capital Raise , 05/20/08 | | TROY, Mich., May 20, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) completed its previously announced offering of 12,000,000 shares
of its common stock and 47,982 shares of mandatory convertible non-cumulative
perpetual preferred stock. The Company plans to use the net proceeds of
approximately $94 million to strengthen its regulatory capital position.
As previously announced, the Company sold 11,365,000 shares of common
stock at a purchase pric... More >> | | | Flagstar To Strengthen Capital Position by Raising $100 Million , 05/16/08 | | TROY, Mich., May 16 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), announced today that it entered into definitive agreements to
raise an aggregate $100 million through direct sale of equity securities to
seven institutional investors, to Thomas J. Hammond, Chairman of the Company
and to Mark T. Hammond, Vice Chairman, President and Chief Executive Officer.
With the proceeds of the offering, the Company will strengthen its regulatory
capital position.
"Until such ti... More >> | | | Flagstar to Audiocast Annual Meeting of Shareholders , 05/13/08 | | TROY, Mich., May 13 /PRNewswire-FirstCall/ -- Flagstar Bancorp (NYSE: FBC)
today announced plans to audiocast its 2008 annual meeting of shareholders.
The annual meeting will be held at 1:00 p.m. ET on Friday, May 23, 2008, 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 repla... More >> | | | Flagstar Reports 2008 First Quarter Results , 04/22/08 | | TROY, Mich., April 22, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), today reported a 2008 first quarter net loss of $10.6 million, or
$(0.17) per share (diluted). On a linked-quarter basis, fourth quarter 2007
net loss was $30.1 million, or $(0.50) per share (diluted). On a prior year
basis, first quarter 2007 net earnings were $7.8 million, or $0.12 per share
(diluted). Return on equity and return on average assets for the first
quarter 20... More >> | | | Flagstar Bank Opens New Banking Center in Farmington Hills, Mich. , 04/09/08 | | TROY, Mich., April 9, 2008 /PRNewswire via COMTEX News Network/ -- Flagstar Bank today opened a new
banking center at 31550 Northwestern Highway in Farmington Hills, Mich. 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.
Flagstar Bank is a subsidiary of Flagstar Banco... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 04/07/08 | | TROY, Mich., April 7, 2008 /PRNewswire-FirstCall/ -- Flagstar Bancorp,
Inc. (NYSE: FBC) today released instructions for its first quarter 2008
Analyst / Investor Conference Call. The purpose of the call is to discuss the
Company's first quarter 2008 earnings that will be released after the close of
business on April 22, 2008. 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 w... More >> | | | Flagstar Bank Opens New Banking Center in St. Clair Shores, Mich. , 04/02/08 | | TROY, Mich., April 2, 2008 /PRNewswire-FirstCall/ -- Flagstar Bank today
opened a new banking center at 23108 Harper in St. Clair Shores, Mich. 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.
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC), a ... More >> | | | Flagstar Bank Excels in Customer Satisfaction Survey of U.S. Retail Banks , 03/24/08 | | TROY, Mich., March 24 /PRNewswire-FirstCall/ -- Flagstar Bank today
announced it scored higher than the average of the country's largest retail
banks in a customer satisfaction survey conducted by the American Satisfaction
Index (ACSI).
Flagstar engaged ACSI in a fourth quarter 2007 research project to compare
its customer satisfaction performance to the five major U.S. banks - Bank of
America, JP Morgan Chase & Co., Citibank, Wachovia and Wells Fargo & Co. The
survey was done usi... More >> | | | Freddie Mac Names Flagstar Bank One of Nation's Top Mortgage Servicers , 03/12/08 | | Outstanding Performance Ranks Flagstar as one of Freddie Mac's Best Servicers
TROY, Mich., March 12 /PRNewswire-FirstCall/ -- Flagstar Bank recently
achieved Freddie Mac's prestigious 2007 Tier One Platinum performance ranking
for excellence in investor reporting and default management. According to
Freddie Mac, one of the nation's largest investors in residential mortgages,
Flagstar Bank was one of only 24 servicing companies nationwide to meet this
standard. Nationally, approximatel... More >> | | | Flagstar Bank Opens First In-Store Banking Center in Georgia , 03/05/08 | | ATLANTA, March 5 /PRNewswire-FirstCall/ -- Flagstar Bank today opened its
first banking center in a Wal-Mart store in Georgia. The new in-store branch
is located in the Wal-Mart at 5455 Atlanta Highway in Alpharetta. Flagstar has
more than 40 in-store branches in Michigan and Indiana, its two other banking
states.
Hours at the banking center are 10 a.m. to 7 p.m. Monday through Friday,
10 a.m. to 4 p.m. Saturday and noon to 4 p.m. Sunday.
"We're pleased to offer customers the ... More >> | | | Flagstar Bancorp Appoints William F. Pickard to Board of Company and Bank , 02/29/08 | | TROY, Mich., Feb. 29 /PRNewswire-FirstCall/ -- Flagstar Bancorp
(NYSE: FBC) announced today that the boards of directors of the company and
Flagstar Bank, its wholly owned subsidiary, each appointed William F. Pickard
as an independent member of the boards of directors of the company and the
bank.
(Photo: http://www.newscom.com/cgi-bin/prnh/20080229/CLF088 )
Dr. Pickard is chairman and CEO of VITEC, LLC, a joint venture with TI
Group of London, England, and chairman and CEO of... More >> | | | Flagstar Bank Opens New Banking Center in Pontiac, Mich. , 02/25/08 | | TROY, Mich., Feb. 25 /PRNewswire-FirstCall/ -- Flagstar Bank today opened
a new banking center at 983 Orchard Lake Road in Pontiac, Mich. Hours at the
banking center are 8:30 a.m. to 5:30 p.m. Monday through Friday and 8:30 a.m.
to noon Saturday. The drive-up is open 7:30 a.m. to 7:30 p.m. weekdays, and
8:30 a.m. to 4 p.m. Saturday. 24-hour ATM access is available.
Flagstar Bank is a subsidiary of Flagstar Bancorp (NYSE: FBC), a bank
holding company headquartered in Troy, Mich. Wit... More >> | | | Flagstar Announces Suspension of Dividend , 02/19/08 | | TROY, Mich., Feb. 19 /PRNewswire-FirstCall/ -- The Board of Directors of
Flagstar Bancorp, Inc. (NYSE: FBC) announced that it will suspend payment of a
dividend to shareholders for the first quarter 2008.
"Although we are seeing strong loan production, increasing gain on sale
margins and improved net interest margins, the Board believes that it is
prudent to preserve capital by suspending the dividend until the capital
markets normalize and residential real estate shows signs of im... More >> | | | Flagstar Bank Launches Updated Corporate Web Site , 02/19/08 | | TROY, Mich., Feb. 19 /PRNewswire-FirstCall/ -- Flagstar Bank today
announced the launch of its new corporate Web site, www.flagstar.com, a highly
robust, interactive site for consumers, businesses and investors seeking
company or product information.
"Our goal was to create a site that's specifically focused on our
customers and visitors," said Sandro DiNello, head of Retail Banking for
Flagstar. "The new site is easy to use, graphically attractive, and rich with
content and tools... More >> | | | Flagstar to Present at KBW Investor Conference , 02/04/08 | | TROY, Mich., Feb. 4 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC) will present on Wednesday, February 27, 2008 at the Keefe,
Bruyette & Woods (KBW) Regional Bank Conference, which is taking place in
Boston.
Attending the conference for Flagstar Bancorp will be Paul Borja, CFO.
Paul Borja is scheduled to speak at the conference beginning at approximately
8:00 a.m. Eastern. Attendance at the conference is by invitation only. A
live audio webcast and an accompanying ... More >> | | | Flagstar Reports 2007 Full Year and Fourth Quarter Results , 01/29/08 | | TROY, Mich., Jan 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), today reported a net loss for 2007 of $39.2 million, or $(0.64)
per share (diluted) and a 2007 fourth quarter net loss of $30.1 million, or
$(0.50) per share (diluted). Full year 2006 earnings were $75.2 million, or
$1.17 per share (diluted) and 2006 fourth quarter net earnings were $6.9
million, or $0.11 per share (diluted). On a linked-quarter basis, the results
compared to a... More >> | | | Flagstar Bank Opens New Banking Centers in Rochester Hills, Mich. and Indianapolis, Ind. , 01/28/08 | | TROY, Mich., Jan. 28 /PRNewswire/ -- Flagstar Bank has announced the
opening of two new banking centers, one at 2500 South Adams Road in Rochester
Hills, Mich., and the other at 8925 Madison Ave., in Indianapolis near the
Greenwood Park Mall. The Rochester Hills office, which is located in a Wal-
Mart store, is open 10 a.m. to 7 p.m. weekdays, 10 a.m. to 4 p.m. Saturday,
and noon to 4 p.m. Sunday. Hours at the Indianapolis banking center are 8:30
a.m. to 5:30 p.m. weekdays and 8:30 a.m... More >> | | | Flagstar Bank Launches DocVelocity to Help Mortgage Brokers and Correspondents Go Paperless , 01/08/08 | | TROY, Mich., Jan. 8 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.,
(NYSE: FBC), today announced the launch of DocVelocity, an online end-to-end
paperless office solution for mortgage originators. DocVelocity is the
flagship product of Paperless Office Solutions, Inc., a wholly owned
subsidiary of Flagstar Bancorp, Inc. DocVelocity's mission is to bring
innovations in paperless mortgage processing to the offices of mortgage
originators.
"DocVelocity is a way for mortgage origi... More >> | | | Flagstar Bancorp Announces Quarterly Conference Call , 01/04/08 | | TROY, Mich., Jan. 4 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc.
(NYSE: FBC), today released instructions for its fourth quarter 2007 Analyst /
Investor Conference Call. The purpose of the call is to discuss the Company's
fourth quarter 2007 earnings that will be released after the close of business
on January 29, 2008. 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 >> | |
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