Type: Public
On the web: http://www.flagstar.com
Employees: 3,279
Employee growth: (3.9%)

Flagstar Bancorp is the holding company for Flagstar Bank, which operates about 110 branches (including some in retail stores) in Michigan. Home loans are a major focus for Flagstar. It originates purchases, and services residential mortgages in all 50 states through a network of brokers and correspondents, as well as nearly 30 of its own loan offices in more than a dozen states. More than three-quarters of the company's revenue (after interest expenses) is linked to residential lending, but the reliance on this business hurt Flagstar during the housing bust. To raise capital, the company sold 27 bank branches in the suburbs north of Atlanta, along with their deposits, to PNC in 2011.

Key numbers for fiscal year ending December, 2011:
Sales: $850.9M
One year growth: (10.6%)
Net income: ($148.5)M

Officers:
Chairman, President, and CEO; Chairman, President, and CEO, Flagstar Bank: Joseph P. (Joe) Campanelli
EVP and CFO, Flagstar Bancorp and Flagstar Bank: Paul D. Borja
Manager, Editorial Services, Marketing, Advertising, and Promotions: Susan Cherry

Competitors:
Comerica
Huntington Bancshares
JPMorgan Chase

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