07.24.25

Flagstar Seeks To Dissolve Its Holding Company

by: Allissa Kline

Flagstar Bank is pursuing a rare move to dissolve its holding company, Flagstar Financial, aiming to simplify its regulatory structure and save $15 million annually. If approved by shareholders and regulators, the move would eliminate Federal Reserve oversight and leave the Office of the Comptroller of the Currency (OCC) as its sole regulator. Chairman and CEO Joseph Otting, a former OCC head, sees this as part of the bank’s broader turnaround strategy. The restructuring follows similar cost-saving efforts by regional banks in recent years.

Read the full article on American Banker