Flagstar Bancorp Expands into Indianapolis with New Banking Center

Flagstar Bancorp, the holding company of Flagstar Bank, has opened its newest banking center in Indianapolis, Indiana, as part of its strategic expansion in the region. Located within a Wal-Mart store at 7325 Keystone Ave., the new banking center operates from 10 a.m. to 7 p.m., Monday through Friday, 10 a.m. to 4 p.m. on Saturday, and 12 p.m. to 4 p.m. on Sunday. This marks Flagstar's third banking center in the Indianapolis area and part of its plan to expand its reach in the market.

Key Takeaways:

• Flagstar Bancorp has opened its newest banking center in Indianapolis, Indiana, as part of its expansion in the region.
• The new banking center is located within a Wal-Mart store at 7325 Keystone Ave., Indianapolis, Indiana, and operates from 10 a.m. to 7 p.m., Monday through Friday, 10 a.m. to 4 p.m. on Saturday, and 12 p.m. to 4 p.m. on Sunday.
• Flagstar has a total of 44 bank branches with $1.6 billion in retail deposits, and operates loan origination centers and correspondent lending offices across the United States.
• Flagstar Bank is one of the largest originators of residential mortgage loans in the United States, with $5.5 billion in total assets.
• The company has plans to open four banking centers in the Indianapolis area, with this new center being the third to be opened.
• Flagstar has also expanded into Indiana and Michigan, with a presence in 34 new or expanded Wal-Mart stores in the region.

Statistics:

• Flagstar Bank operates 44 bank branches with $1.6 billion in retail deposits.
• Flagstar Bank has a total of $5.5 billion in assets.
• Flagstar Bank is one of the largest originators of residential mortgage loans in the United States.
• The new banking center in Indianapolis is located within a Wal-Mart store at 7325 Keystone Ave., Indianapolis, Indiana.

Sources:

• Flagstar Bancorp press release, dated August 2, 2023, PRNewswire.