Flagstar Bancorp Expands Banking Services in Coldwater, Michigan
Flagstar Bancorp, Inc. has opened its newest banking center in Coldwater, Michigan, its fifth Wal-Mart banking center. Located within the Wal-Mart store at 800 E. Chicago St., the new center extends operating hours from 10 a.m. to 7 p.m. Monday through Friday, 10 a.m. to 4 p.m. on Saturday, and 12 to 4 p.m. on Sunday. This move is part of a larger plan to open 20 such banking centers in new or expanded Michigan Wal-Mart stores.
Key Takeaways:
- Flagstar Bancorp has opened its fifth Wal-Mart banking center in Coldwater, Michigan, a part of its plan to open 20 banking centers in new or expanded Michigan Wal-Mart stores.
- The new banking center will operate Monday through Friday from 10 a.m. to 7 p.m., Saturday from 10 a.m. to 4 p.m., and Sunday from 12 to 4 p.m.
- Vice Chairman and President Mark T. Hammond stated that the bank continues to be pleased with the early results of its Wal-Mart banking centers and aims to provide expanded convenience to the Coldwater market.
- This new center will complement the existing traditional Coldwater banking center, which has been successful since its opening in January 1999.
- Flagstar Bank, FSB, has $5.5 billion in total assets and operates 46 bank branches with $1.6 billion in retail deposits, including an online branch at www.flagstar.com.
- Flagstar also operates 38 loan origination centers and 15 correspondent lending offices across the United States.
Statistics:
- Total assets: $5.5 billion
- Retail deposits: $1.6 billion
- Number of bank branches: 46
- Number of loan origination centers: 38
- Number of correspondent lending offices: 15
Sources:
- PRNewswire, "Flagstar Bancorp, Inc. Announces Opening of Newest Banking Center in Coldwater, Michigan." August 16.