Brief: Flagstar CEO Says Trump Administration Will Support M&A, New Bank Creation

Flagstar Bank, National Association

11/02/2025 17:00

Feb 11 (Reuters) - Flagstar Financial Inc  FLG.N :
    * FLAGSTAR FINANCIAL CEO JOSEPH OTTING SAYS WILL HIRE
ANOTHER 100
PEOPLE TO EXECUTE COMMERCIAL AND INDUSTRIAL BANKING STRATEGY -
CONFERENCE
    * FLAGSTAR CEO SAYS MULTIFAMILY LOAN PORTFOLIO NOT TOO
STRAINED
    * FLAGSTAR CFO LEE SMITH SAYS WILL EXECUTE A COUPLE OF LOAN
SALES
IN Q1
    * FLAGSTAR CEO SAYS BANK ON TRACK TO ACHIEVING TARGET OF
REDUCING
OPERATING EXPENSES BY $600 MILLION
    * FLAGSTAR CFO EXPECTS BANK TO GROW DEPOSITS IN CONSUMER AND
PRIVATE BANKING UNITS
    * FLAGSTAR CEO SAYS NEW ADMINISTRATION WILL SUPPORT M&A AND
NEW
CREATION OF BANKS
    * FLAGSTAR CEO SAYS "NEGATISM" TOWARDS PRIVATE EQUITY WILL
GO AWAY
    * FLAGSTAR CEO SAYS CREDIT RATING OF BANK MAY IMPROVE A YEAR
FROM
NOW
    * FLAGSTAR CEO SAYS MOST BANKING M&A WOULD HAPPEN AMONG
LENDERS
WITH ASSETS BETWEEN $20 BILLION AND $30 BILLION

Further company coverage:  FLG.N 

 ((Reuters.Briefs@thomsonreuters.com;))