Flagstar Bank

Flagstar Bank, N.A. (FLG), is an American regional financial services holding company headquartered in Hicksville, New York. In 2023, the bank operated 395 branches under the names New York Community Bank, Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, Atlantic Bank, Garden State Community Bank, Ohio Savings Bank, AmTrust Bank, Flagstar Bank, and Desert Community Bank. However, they rebranded all of these under the Flagstar name on February 21, 2024.

A large majority of the loans originated by the bank are either multi-family or commercial loans, many in New York City, to buildings subject to laws regarding rent regulation in New York. However, it does not offer construction loans.

Flagstar's predecessor, NYCB, was founded on April 14, 1859, in Flushing, Queens, as Queens County Savings Bank. On December 15, 2000, it changed its name to New York Community Bank to better reflect its market area beyond Queens.

In 1993, the company became a public company via an initial public offering.

NYCB underwent multiple acquisitions in the 2000s, acquiring Haven Bancorp for $196 million in 2000, Richmond County Financial in an $802 million transaction in 2001, asset manager Peter B. Cannell & Co. in 2002, Roslyn Bancorp in a $1.6 billion transaction in 2003, Long Island Financial in a $70 million transaction in 2005, Atlantic Bank of New York from the National Bank of Greece for $400 million in 2006, 11 branches in New York City from Doral Financial Corporation in March 2007, Penn Federal Savings Bank for $262 million in April 2007 (adding branches in East Central and North East New Jersey), and Synergy Bank of Cranford, New Jersey, for $168 million in stock in October 2007. In September 2009, NYCB re-branded the Synergy branches to Garden State Community Bank.

In December 2009, the Federal Deposit Insurance Corporation seized AmTrust Bank, a bank headquartered in Cleveland, OH with 66 branches and $13 billion in assets in Ohio, Florida and Arizona. NYCB acquired Amtrust, which expanded NYCB's branch footprint outside of the New York metropolitan area for the first time. In 2017, the bank sold the mortgage business acquired from the purchase of AmTrust at a $90 million profit.

In March 2010, Desert Hills Bank of Phoenix, Arizona, with $496 million in assets, was seized by the FDIC and acquired by NYCB. NYCB rebranded these branches under the AmTrust name.

In June 2012, NYCB acquired the assets of Aurora Bank from Lehman Brothers.