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Flagstar Bancorp Inc. Message Board

  • amdiz113 amdiz113 Mar 7, 2013 5:24 PM Flag

    western Michigan expansion ideas

    With a renewed focus on being a local bank and interest in western Michigan whats is everyones opinion on just buying ibcp or Chemical? It seems it would be faster and easier than organic growth.

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    • Good for FBC !

      Sentiment: Strong Buy

    • I don't think the regulators would allow this bank to buy anything PERIOD. If you have been following this closely (reading 10K for starters) You would find they have been selling off everything that isn't nailed down in MI. I am becoming increasingly concerned that the 2 1/2 pages of new regs put on this bank is going to stump business and hamper management trying to resurrect this bank from the death grip of loss after loss. FBC WROTE THAT IN IT'S 10K!!!!!!!!!!!!!!!!!!!!!

      I am beginning to think all these Da(mm) regs is also starting to effect it's mortgage business. That my friend is a deal killer for me.

      Q1 will tell me to stay or run to the exits all the while the regulators take this down and it's 3200 employees right along with it.

      That would be an absolute shame on them!!!!!!


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