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Flagstar Announces Redemption of TARP Preferred Stock06/29/16
TROY, Mich., June 29, 2016 /PRNewswire/ -- As announced on June 27, 2016, Flagstar Bancorp, Inc. (NYSE: FBC) received written non-objection from The Federal Reserve Bank of Chicago, acting pursuant to the authority delegated by the Board of Governors of the Federal Reserve System, to redeem $267 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred"). Today, Flagstar announced that it has sent the required 30 day redemption notice ... More >>
Flagstar Announces Pricing of $250 Million Senior Notes06/29/16
TROY, Mich., June 29, 2016 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) announced today the pricing of its previously announced offering of $250 million in aggregate principal amount of its 6.125% Senior Notes due 2021 (the "Senior Notes"). The offering is expected to close on July 11, 2016, subject to customary closing conditions.  Flagstar intends to use the net proceeds from the offering, together with available cash, to fund the redemption of all of its Fix... More >>
Flagstar Receives Regulatory Approval to Redeem TARP Preferred Stock06/27/16
TROY, Mich., June 27, 2016 /PRNewswire/ -- On June 23, 2016, Flagstar Bancorp, Inc. ("the "Company") (NYSE: FBC) received written non-objection from The Federal Reserve Bank of Chicago, acting pursuant to the authority delegated by the Board of Governors of the Federal Reserve System, to redeem $267 million of its Fixed Rate Cumulative Perpetual Preferred Stock, Series C (the "TARP Preferred"). Before redeeming the TARP Preferred, which requires that the Company simultan... More >>
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