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Balance Sheet Cash Flow Statement 5151 Corporate Dr. Troy, MI 48098-2639 MI Tel. 248-312-2000 Toll Free 800-945-7700 |
Type: Public
On the web:
http://www.flagstar.com
Employees:
3,920
Employee growth: (1.0%)
Flagstar Bancorp is the holding company for Flagstar Bank, which operates some 175 branches in Michigan, Indiana, and Georgia (many inside big-box retailers such as Wal-Mart). It also originates, purchases, and services residential mortgage loans through some 100 loan offices in 27 states, including major markets California, Florida, Washington, Colorado, Texas, and Arizona. It also originates mortgages through brokers and correspondents. More than 90% of the company's loan portfolio is comprised of residential mortgage, commercial real estate, and home equity loans. Flagstar also offers standard retail banking services to individuals and small business customers.
Key numbers for fiscal year ending December, 2008:
Sales: $352.6M
One year growth: 7.8%
Net income: ($275.4)M
Officers:
President, CEO, and Director, Flagstar Bancorp and Flagstar Bank: Joseph P. (Joe) Campanelli
EVP and CFO, Flagstar Bancorp and Flagstar Bank: Regional Banks & Thrifts
Competitors:
Comerica
Huntington Bancshares
JPMorgan Chase
