About Flag Star Bank
Flag Star Bank is a company based in Shelby (United States) founded in 1987 was acquired by New York Community Bank in April 2021.. The company has 6,990 employees as of December 31, 2024. Flag Star Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Shelby, United States
- Employees 6990 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Flagstar Financial, Inc.
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Annual Revenue
$6.41 B-21.92as on Dec 31, 2024
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Net Profit
$-1.12 B-1233.33as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$50 M (USD), Post-IPO
Jul 15, 2009
- Investors
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Employee Count
6990
as on Dec 31, 2024
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Acquired by
New York Community Bank
(Apr 26, 2021)
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IPO & Listings of Flag Star Bank
Flag Star Bank is a publicly listed company on the NYSE with ticker symbol FLG in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
139 people
Software Development Team
131 people
Finance and Accounting
30 people
Legal and Compliance
20 people
Sales and Marketing
19 people
Senior Team
16 people
Product Management Team
15 people
Operations Team
11 people
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Funding Insights of Flag Star Bank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $50.0M
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First Round
First Round
(15 Jul 2009)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2009 | Amount | Post-IPO - Flag Star Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Flag Star Bank
Flag Star Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include New York Community Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Retail and business loans and deposits are provided to communities.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Flag Star Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Flag Star Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Flag Star Bank Comparisons
Competitors of Flag Star Bank
Flag Star Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Flag Star Bank
Frequently Asked Questions about Flag Star Bank
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 Shelby, North Carolina, United States.
Who is the current CEO of Flag Star Bank?
Alessandro Dinello is the current CEO of Flag Star Bank.
How many employees does Flag Star Bank have?
As of Dec 31, 2024, the latest employee count at Flag Star Bank is 6,990.
What is the annual revenue of Flag Star Bank?
Annual revenue of Flag Star Bank is $6.41B as on Dec 31, 2024.
What does Flag Star Bank do?
Flagstar Bank was established in 1987 and is headquartered in Shelby, United States. Operations focus on commercial banking within the financial sector, including deposit accounts, loans, and mortgage services for retail and business clients. In 2020, annual revenues of 2 billion were recorded, alongside a net profit of 538 million. Leadership is provided by CEO and President Alessandro Dinello, with activities centered in the domestic market.
Who are the top competitors of Flag Star Bank?
Is Flag Star Bank publicly traded?
Yes, Flag Star Bank is publicly traded on NYSE under the ticker symbol FLG.
Who are Flag Star Bank's investors?
Flag Star Bank has 1 investor. Key investors include New York Community Bank.
What is Flag Star Bank's ticker symbol?
The ticker symbol of Flag Star Bank is FLG on NYSE.
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