Business
FLAGSTAR BANK, N.A. ANNOUNCES COMPLETION OF HOLDING COMPANY REORGANIZATION
Flagstar Bank, N.A. (NYSE: FLG) today announced the completion of its previously approved holding company reorganization, effective at the close of business on October 17, 2025, a step that simplifies the corporate structure, reduces regulatory burden, and lowers operating expenses.
About this update from Flagstar Bank, N.a.
[{"type":"text","content":"HICKSVILLE, N.Y., Oct. 17, 2025 /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) today announced the completion of its previously approved holding company reorganization, effective at the close of business on October 17, 2025, a step that simplifies the corporate structure, reduces regulatory burden, and lowers operating expenses.","length":336,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":47,"url":"https://media.zenfs.com/en/prnewswire.com/b1cba4b2e299422a99cc2cd9c0f5210a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/s2ZmYDNxijI.U3TsgwKNhw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgzO2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/b1cba4b2e299422a99cc2cd9c0f5210a","width":400,"height":47}},"href":"https://mma.prnewswire.com/media/2799642/FlagstarBankNA_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As part of the reorganization, Flagstar Financial Inc. merged with and into its wholly owned subsidiary, Flagstar Bank, N.A., with Flagstar Bank, N.A., now the surviving entity and public company.","length":201,"tagName":"p"},{"type":"text","content":""We remain focused on executing our strategic plan, including transforming into a top-performing regional bank, creating a customer-centric culture grounded in relationships, and managing risk effectively, to drive long-term value and meaningful impact for our clients, communities, and shareholders," said Joseph Otting, Chairman, President and CEO.","length":360,"tagName":"p"},{"type":"text","content":"Beginning Monday, October 20, 2025, the Bank's common stock will begin trading on the New York Stock Exchange under the name Flagstar Bank, National Association, and continue to use its current ticker symbol "FLG".","length":228,"tagName":"p"},{"type":"text","content":"The reorganization has no impact on client accounts, services, or day-to-day operations. Customers will continue to interact with the same teams and platforms they know and trust.","length":179,"tagName":"p"},{"type":"text","content":" Flagstar Bank, N.A. ","length":19,"tagName":"p"},{"type":"text","content":"Flagstar Bank, N.A., is one of the largest regional banks in the country and is headquartered in Hicksville, New York. At June&...