Regulatory Alerts2025-10-03 | Corporate Decision 1347Added
Corporate Decision 1347 — Approval of Flagstar Financial, Inc. Reorganization and Merger with Flagstar Bank, National Association
The Office of the Comptroller of the Currency approves Flagstar Financial, Inc. to reorganize into Flagstar Financial, Federal Savings Association and merge with Flagstar Bank, National Association, resulting in the elimination of the holding company. The Office also approves Flagstar Bank's assumption of $1.03 billion in outstanding debt from Flagstar Financial, Inc., which results in a net reduction of the bank's capital position. The Office grants a two-year holding period for four specified non-controlling investments and requires the reduction in permanent capital to be completed within one year of the letter date.
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