FLAGSTAR FINANCIAL, INC. ANNOUNCES RECEIPT OF REQUIRED REGULATORY APPROVALS TO MERGE HOLDING COMPANY INTO ITS BANK

Core Viewpoint - Flagstar Financial, Inc. has received necessary approvals from the Office of the Comptroller of the Currency to merge with Flagstar Bank, N.A., with the Bank as the surviving entity, and the merger is expected to be completed in mid- to late-October, pending shareholder approval [1][2]. Company Overview - Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the United States, headquartered in Hicksville, New York. As of June 30, 2025, the company reported $92.2 billion in assets, $64.4 billion in loans, $69.7 billion in deposits, and total stockholders' equity of $8.1 billion. The Bank operates approximately 360 locations across nine states, with significant presence in the greater New York/New Jersey metropolitan area and growing markets in Florida and the West Coast [3]. Reorganization Details - The merger will allow Flagstar Bank, N.A. to continue operating under its name, and the stock currently listed on the NYSE will remain under the same ticker symbol "FLG" [1]. - The reorganization is subject to shareholder approval, with a special meeting scheduled for October 15, 2025 [2]. Financial Context - The company has undergone significant changes, including a merger with Flagstar Bancorp, Inc. completed in December 2022, and the acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction completed in March 2023 [4]. - A capital raise of $1.05 billion was completed in March 2024, which is expected to impact the company's financial position positively [4]. Proxy and Regulatory Information - Flagstar Financial, Inc. has filed a proxy statement and other relevant documents with the SEC regarding the proposed transaction, urging investors to review these documents for important information [10]. - The company’s directors and executive officers may be deemed participants in the solicitation of proxies from shareholders in connection with the proposed transaction [12].