"Flagstar Crafts Community" to invest $260,000 in expanded communities
TROY, Mich., March 28, 2019 /PRNewswire/ -- Following the acquisition of 52 Wells Fargo branches in Indiana, Michigan, Ohio, and Wisconsin, Flagstar Bank is announcing the "Flagstar Crafts Community" initiative, a $260,000 investment in Flagstar's new communities.
Each of Flagstar's 52 branches will invest $5,000 in a local nonprofit. Local regional and branch managers helped identify up to two nonprofits per branch as nominees for the grant based on their alignment with Flagstar's community reinvestment objectives and the giving pillars of the Flagstar Foundation. These pillars focus on three areas: apprenticeship and workforce readiness, arts and culture, and financial capability. The communities get to select the winning nonprofit by voting at a Flagstar branch or online starting April 4.
"We're pleased to bring this community-driven program to our new markets," said Ryan Goldberg, director of Retail Banking for Flagstar. "Investing in our local communities is a Flagstar tradition. It's something we said we would do when we came into these markets, and we're excited to make it happen."
The 52 nonprofits garnering the most votes in their community will each receive a $5,000 grant from Flagstar.
Vote in-branch or online starting April 4:
At your local branch
Stop by your local Flagstar branch and review the nonprofits that have been nominated. Ballots will be available to place your vote April 4-April 25. Ballots submitted at the branch will count as two votes for the nonprofit.
Vote online April 4-April 25 via a dedicated URL that will be sent to media April 4. Online ballots will count as one vote.
Flagstar Bancorp, Inc. (FBC) is an $18.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin, and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 75 retail locations in 24 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $175 billion of home loans representing nearly 827,000 borrowers. For more information, please visit flagstar.com.
Susan E. Bergesen