WESTBURY, N.Y. and TROY, Mich., April 26, 2021 /PRNewswire/ -- New York Community Bancorp, Inc. (NYSE: NYCB) ("New York Community") and Flagstar Bancorp, Inc. (NYSE: FBC) ("Flagstar"), jointly announced today that they have entered into a definitive merger agreement under which the two companies will combine in an all stock merger.Who are Flagstar and New York Community Bancorp?
Flagstar and New York Community Bancorp are joining forces. Together, our interest remains in our customer’s financial success and the communities we serve. It’s not the interest rate other banks talk about, but we do. Genuine interest in helping our customers achieve their financial goals.Who is the founder of Flagstar mortgage company?
Flagstar has a historic strength in the mortgage business and ranked nationwide last year as the No. 18 mortgage lender. It was started in 1987 in Bloomfield Hills by Tom Hammond as a small savings and loan association, or thrift, under the original name First Security Savings Bank.When did First Security Savings Bank become Flagstar Bank?
It was started in 1987 in Bloomfield Hills by Tom Hammond as a small savings and loan association, or thrift, under the original name First Security Savings Bank. In the mid-1990s, the bank combined with Security Bank of Jackson and changed its name to Flagstar Bank. Flagstar went public on NASDAQ in 1997.