Flagstar Bancorp Successfully Regains Compliance with NYSE Minimum Share Price Listing Requirement

TROY, Mich., July 12 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: FBC) announced today that, based on notice received from the New York Stock Exchange (the "NYSE"), Flagstar was once again in compliance with the NYSE's continued listing requirement of a minimum average closing price of $1.00 per share over a consecutive 30-trading-day period.  As a result, the ".BC" indicator following Flagstar's stock symbol will be removed by the NYSE.

Flagstar Bancorp, with $14.3 billion in total assets at March 31, 2010, is the largest publicly held savings bank headquartered in the Midwest. At March 31, 2010, Flagstar operated 162 banking centers in Michigan, Indiana and Georgia and 23 home loan centers in 14 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans.

The information contained in this release is not intended as a solicitation to buy Flagstar Bancorp, Inc. stock and is provided for general information. Matters discussed in this press release contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties.  In addition, reference is also made to other risks and uncertainties detailed in reports filed by Flagstar with the SEC.  Flagstar cautions that the foregoing risks and uncertainties are not exclusive.

SOURCE Flagstar Bancorp