Originally founded in 1987 as First Security Savings Bank, the company became Flagstar Bank in 1997. It grew significantly to become one of the largest bank mortgage originators and a national leader in mortgage servicing in the United States. In a major strategic move, Flagstar Bancorp, Inc. was acquired by New York Community Bancorp, Inc. (NYCB) in a transaction that closed on December 1, 2022. The combined company's bank subsidiary now operates nationally as Flagstar Bank, N.A., offering a full suite of services including personal, business, and commercial banking, as well as wealth management, while maintaining its strong focus on mortgage lending and servicing.

Founded in

United States