When was Flag Star Bank founded?

Flag Star Bank was founded in 1987 and raised its 1st funding round 22 years after it was founded.

Where is Flag Star Bank located?

Flag Star Bank is headquartered in Shelby, United States. It is registered at Troy, Michigan.

How many employees does Flag Star Bank have?

As of Jan 30, 2026, the latest employee count at Flag Star Bank is 7206.

Is Flag Star Bank a funded company?

Flag Star Bank is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Jul 15, 2009.

When was the latest funding round of Flag Star Bank?

Flag Star Bank's latest funding was a $***** Post IPO round on Jul 15, 2009, with participation from 0 investor.

Where does Flag Star Bank rank among its competitors?

Flag Star Bank ranks 22nd amongst 6099 active competitors, of which 186 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Citi, which secured $165M in May, 2025.

Who are the top competitors of Flag Star Bank?

Flag Star Bank's top competitors include Truist, Bank of America and Citi. Among them, Citi secured the most recent funding round in May, 2025.

Flag Star Bank - 2026 Company Profile, Funding & Competitors

Company Details

In 2020, the company recorded annual revenues of $2 B and a net profit of $538 M.

Website: www.flagstar.com/
Social
Email ID: *****@flagstar.com
Phone Number: +1 **********
Registered Address: Troy, Michigan

Key Metrics

Founded Year

1987

Location

Shelby, United States

Stage

Acquired

Latest Funding Round

Post IPO, Jul 15, 2009, $*****

Investors

Vaughan Nelson Investment Management & 3 more

Ranked

22^nd among 6099 active competitors

Employee Count

7,206 as on Jan 30, 2026

Investment & Acquisitions

GDMG & 1 more

Similar Companies

Metro Bank & 18212 more

Exit Details

Acquired by New York Community Bank (Apr 26, 2021)

View Flag Star Bank's full profile

Flag Star Bank is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
FLAGSTAR BANCORP, INC CIN: 383150651 , United States, Active	Dec 26, 999	-	3945 (As on Dec 31, 2018)	-
FLAGSTAR BANCORP INC CIN: 1033012 , United States, Active		-	1 (As on Dec 31, 2021)	-

Flag Star Bank got acquired by New York Community Bank on Apr 26, 2021. It was facilitated by Piper Sandler, Sullivan & Cromwell, Goldman Sachs and 3 more.

Click here to take a look at Flag Star Bank's acquisition in detail

Flag Star Bank has raised funding over 1 round. Flag Star Bank has 4 institutional investors.

Here is the list of recent funding rounds of Flag Star Bank:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 15, 2009	9255901	Post IPO	8779837	8624872	7343844	5164445

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View details of Flag Star Bank's funding rounds and investors

Flag Star Bank's employee count trend

Flag Star Bank has 7,206 employees as of Jan 26. Here is Flag Star Bank's employee count trend over the years:

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Top competitors of Flag Star Bank include Truist, Bank of America and Citi. Here is the list of Top 10 competitors of Flag Star Bank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Truist 1872, Charlotte (United States), Acquired	Commercial Bank that also provides other wealth management services	$900K	Bay Capital Investment Partners, Sopris Capital ... & 5 others	79/100
2nd	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Black Capital Investments, Berkshire Hathaway ... & 5 others	78/100
3rd	Citi 1812, New York City (United States), Public	Provider of financial services including banking, markets, international, and wealth management	-	Berkshire Hathaway, B Capital Fund & 6 others	78/100
4th	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	75/100
5th	Citizens Bank 1828, Providence (United States), Public	Commercial bank	-	First National Bank of Decatur, SAFE Security	75/100
6th	Charles Schwab 1971, El Paso (United States), Public	Commercial bank	-	AirTree, World Capital Holdings Group & 2 others	75/100
7th	United Community Bank 1950, Blairsville (United States), Acquired	Provider of personal and business banking, mortgage, and wealth management services	$490M	Corsair Capital, Patriot Financial Partners ... & 1 others	73/100
8th	J P Morgan 1799, New York City (United States), Public	Provider of financial services for corporations and individuals	-	Berkshire Hathaway, Bondeinvest.com & 10 others	73/100
9th	KeyBank 1849, Cleveland (United States), Public	Provider of personal banking, small business, and wealth management services	-	Caltius Capital Management, Aurum Venture Partners ... & 3 others	71/100
10th	Coastal Community Bank 1997, Everett (United States), Public	Community bank offering business and personal banking solutions with digital innovation	$6.61M	The Banc Funds, Montlake Capital & 1 others	71/100
22nd	Flag Star Bank 1987, Shelby (United States), Acquired	Commercial bank	-	Vaughan Nelson Investment Management, KCM Investment Advisors ... & 2 others	69/100