Skip to main content

Flagstar Bancorp announces plans for common stock offering

Mar 15, 2010

Flagstar Bancorp Inc., the holding company for Flagstar Bank FSB, has announced its intention to commence a public offering of approximately $250 million of its common stock, which will be underwritten by Sandler O'Neill & Partners LP, as book-running manager, and Keefe, Bruyette & Woods, Inc., as co-manager. The underwriters will have a 30-day option to purchase up to 15 percent of the initial number of shares offered solely to cover over-allotments, if any. Proceeds from this public stock offering will be used for general corporate purposes, which may include support for organic and opportunistic growth. The company has filed a prospectus supplement to its already effective registration statement with the Securities & Exchange Commission (SEC) for the offering to which this communication relates. Before investing, prospective investors should read the prospectus supplement and related prospectus and other documents that the company files with the SEC for more complete information about the Company and the offering.   Flagstar is a savings and loan holding company headquartered in Michigan with $14 billion in total assets as of Dec. 31, 2009. At Dec. 31, 2009, the company operated 165 banking centers in Michigan, Indiana and Georgia and 23 home loan centers in 14 states and originates residential mortgage loans nationwide. For more information, visit
About the author
Mar 15, 2010
Industry Input Sought On Proposed Increases To Mortgage Licensing Fees

Conference of State Bank Supervisors seeking public comment on proposed increases

Building A Digital Bridge Between Separate Revenue Streams

Menu cloud-based technology capitalizes on the entire borrowing cycle

Economists Less Confident Rates Will Drop Following Fed Decision

After sixth consecutive month with no change, the likelihood of cuts in 2024 feels "more out of reach."

FHFA Final Rule Released

Rule codifies equitable housing programs, GSE Plans

FDIC Announces Closure Of Republic First Bank

The Philadelphia-based lender's 32 branches will now be served by Fulton Bank

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.