Flagstar Closes on Acquisition of 52 Midwest Branches from Wells Fargo Bank
Flagstar Bancorp, Inc. (FBC)
Last flagstar bancorp, inc. earnings: 4/28 06:30 am
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flagstar.com/about-flagstar.html
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Source: PR Newswire
TROY, Mich., Dec. 3, 2018 /PRNewswire/ -- Flagstar Bancorp, Inc. ("Company," NYSE: FBC) today reported that its wholly owned subsidiary Flagstar Bank, FSB, has closed its previously announced transaction to acquire 52 branches of Wells Fargo Bank in four Midwest states, including approximately $2 billion in deposits, along with certain related assets."We are excited to welcome the customers and employees of the 52 Wells Fargo Bank branches who joined the Flagstar family over the weekend," said Alessandro DiNello, president and chief executive officer of Flagstar Bancorp. "We are eager to bring Flagstar's brand of custom-crafted banking solutions to our new customers—all delivered by our new team of talented bankers. They share our tradition of superior customer service and commitment to the community. Our thanks to the teams on both sides who worked so hard to bring this transaction to a successful conclusion." About FlagstarFlagstar Bancorp, Inc. (NYSE: FBC) is an $18.7 billion savin
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