Flagstar Bancorp Expands Presence in Fort Wayne, Indiana

Strategic Insights -

Flagstar Bancorp, a leading bank holding company, has announced the opening of its newest banking center in Fort Wayne, Indiana. This move marks the bank's second location within a Wal-Mart store in the city, as it continues to expand its presence in the region. The new banking center will operate 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.

Key Takeaways:

  • Flagstar Bancorp has opened its second banking center within a Wal-Mart store in Fort Wayne, Indiana.
  • The new banking center is one of six such locations to be opened in new or expanded Wal-Mart stores in Indiana and Michigan.
  • Flagstar Bank, FSB, has a total of 48 banking centers across southern Michigan and Indiana, and operates 38 retail loan origination centers located predominantly in Michigan.
  • Flagstar Bank is one of the largest originators of residential mortgage loans in the United States.
  • The bank's Internet branch is accessible at [www.flagstar.com](http://www.flagstar.com).
  • Flagstar currently operates 15 correspondent lending offices located across the United States.
  • The bank's president, Mark T. Hammond, has stated that the early results of the Wal-Mart banking centers have been positive and that the bank is pleased to continue providing expanded convenience to the Fort Wayne market.

Statistics:

  • Flagstar Bank, FSB, has $5.5 billion in total assets.
  • The bank operates 48 banking centers across southern Michigan and Indiana.
  • Flagstar currently has $1.6 billion in retail deposits.
  • The bank has 38 retail loan origination centers located predominantly in Michigan.
  • Flagstar Bank is one of the largest originators of residential mortgage loans in the United States, with operations across the US.

Sources:

  • Flagstar Bancorp, Inc. press release, dated August 30, 2006 (PRNewswire)