Flagstar Financial

Flagstar Financial, Inc.
FormerlyQueens County Savings Bank (1859–2000)
New York Community Bank (2000–2023)
Company typePublic company
NYSE: FLG
S&P 400 component
IndustryCommercial bank
FoundedApril 14, 1859; 165 years ago (1859-04-14)
HeadquartersHicksville, New York, U.S.
Number of locations
420 branches
Key people
 Joseph Otting (CEO),
Sandro DiNello (Chairman)
ProductsMulti-family loans
Commercial real estate loans
RevenueIncrease US$5.491 billion (2023[1])
Increase US$2.406 billion (2023)[1]
Increase US$2.374 billion (2023[1])
Total assetsIncrease $116.322 billion (2023[1])
Total equityDecrease $10.820 billion (2023[1])
Number of employees
7,497 (2022[2])
SubsidiariesFlagstar Bank
Capital ratio11.36% Common equity tier 1 capital (2017)
Websitehttps://ir.flagstar.com
New York Community footprint in the New York metropolitan area (upper-left), southern Florida (upper-right), Ohio (lower-left), and Arizona (lower-right)

Flagstar Financial, Inc. (FLG), is a bank holding company for Flagstar Bank headquartered in Hicksville, New York. In 2023, the bank operated 395 branches in New York, Michigan, New Jersey, Ohio, Florida, Arizona and Wisconsin.[3] Branches used to be operated under the names Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Arizona and Florida.[3] However, they rebranded all of these under the Flagstar name on February 21, 2024.[4][5] FLG is on the list of largest banks in the United States and is one of the largest lenders in the New York City metro area.

A large majority of the loans originated by the bank are either multi-family or commercial loans, many in New York City, to buildings subject to laws regarding rent regulation in New York. However, it does not offer construction loans.[6]

  1. ^ a b c d e "Current report filing" (PDF). ir.mynycb.com. January 31, 2023. Retrieved January 6, 2024.
  2. ^ "New York Community Bancorp, Inc. 2022 Form 10-K Annual Report" (PDF). U.S. Securities and Exchange Commission.
  3. ^ a b "New York Community Bancorp, Inc. 2022 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  4. ^ "Roslyn Savings Bank name replaced after 149 years with the Flagstar Bank brand". Newsday. February 22, 2024. Retrieved March 7, 2024.
  5. ^ "New York Community Bancorp, Inc. - NEW YORK COMMUNITY BANK AND FLAGSTAR BANK COMPLETE THE OPERATIONAL CONVERSION OF SYSTEMS AND RETAIL BRANCH NETWORK; UNVEILS NEW NATIONAL BRANDING ACROSS ALL BRANCHES". Retrieved March 7, 2024.
  6. ^ Putzier, Konrad (November 1, 2015). "Ranking New York's biggest real estate lender". The Real Deal.