Flagstar Bancorp announces plans for common stock offering
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 www.flagstar.com.