Flagstar Announces the Resignation of James D. Coleman from Its Board of Directors

TROY, Mich., Aug. 26, 2011 /PRNewswire/ -- Flagstar Bancorp, Inc. (NYSE: FBC) (the "Company"), the holding company for Flagstar Bank FSB (the "Bank"), today announced that James D. Coleman has resigned from his position on the boards of directors of the Company and the Bank.

Joseph P. Campanelli, Flagstar's Chief Executive Officer and Chairman of the Board said, "Dr. Coleman has served as a member of our board of directors since 1993, and we have benefited from his experience and insight. We appreciate his many contributions over the past 18 years and wish him well in the future."

Flagstar Bancorp is a full-service financial services company, offering a range of products and services to consumers, businesses, and homeowners. With $12.7 billion in total assets at June 30, 2011, Flagstar is the largest publicly held savings bank headquartered in the Midwest. As of June 30, 2011, Flagstar operated 162 branches in Michigan, Indiana, and Georgia, and it subsequently entered into agreements to sell or lease its 27 branches in Georgia and 22 branches in Indiana. Flagstar also operated, at June 30, 2011, 30 home loan centers in 15 states, and a total of four commercial banking offices in Massachusetts, Connecticut, and Rhode Island.  Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. For more information, please visit flagstar.com.

SOURCE Flagstar Bancorp

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