Core Viewpoint - Flagstar Bank has completed its holding company reorganization, which aims to simplify its corporate structure, reduce regulatory burdens, and lower operating expenses [1][2]. Group 1: Reorganization Details - The reorganization involved the merger of Flagstar Financial Inc. into its wholly owned subsidiary, Flagstar Bank, N.A., making Flagstar Bank the surviving entity and public company [2]. - The reorganization will not affect client accounts, services, or day-to-day operations, and customers will continue to interact with familiar teams and platforms [4]. Group 2: Strategic Focus - The company is committed to executing its strategic plan to transform into a top-performing regional bank, emphasizing a customer-centric culture and effective risk management to drive long-term value [3]. Group 3: Financial Overview - As of June 30, 2025, Flagstar Financial, Inc. had consolidated assets of $92.2 billion, loans of $64.4 billion, deposits of $69.7 billion, and total stockholders' equity of $8.1 billion [5]. - Flagstar 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 [5]. Group 4: Stock Trading Information - Starting October 20, 2025, Flagstar Bank's common stock will trade on the New York Stock Exchange under the name Flagstar Bank, National Association, while retaining the ticker symbol "FLG" [4].
FLAGSTAR BANK, N.A. ANNOUNCES COMPLETION OF HOLDING COMPANY REORGANIZATION