Expect Many More Bank Failures Ahead Aug 21, 2009
Among those exceeding 10 percent, the biggest in the 50 U.S. states is Michigans Flagstar Bancorp. All the banks said in second quarter filings that theyre well-capitalized by regulatory standards, which means theyre considered financially sound. (Newsmax)
Flagstar Reports 2009 Second Quarter Results Jul 29, 2009
July 28 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: ), the holding company for Flagstar Bank FSB, today reported a second quarter 2009 net loss applicable to common stockholders of $76 ... This final tranche resulted in the total investment of MP Thrift Investments into Flagstar Bancorp to $350 million. (PR Newswire)
Blackstone, Carlyle Pursue Bank LBOs as Obama Changes Landscape Jun 19, 2009
The OTSs decision in January to allow MatlinPatterson Global Advisors LLC to buy control of Flagstar Bancorp Inc., an ailing Michigan lender, sparked grumbling by lawmakers. The deal smacked of regulatory arbitrage, according to Senator , a Rhode Island Democrat. (Bloomberg -- US)
Standard & Poor's Announces Changes to U.S. Index May 19, 2009
Bank of the Ozarks Inc. (Nasdaq: ) will replace Flagstar Bancorp Inc. (NYSE: ) in the S&P SmallCap 600 after the close of trading on Tuesday, May 26. Flagstar received a capital investment from MattlinPatterson Global Advisors LLC, which, when fully completed, will result in a substantial reduction in the percentage of its public float available to investors, rendering it ineligible for continued inclusion in the index. (PR Newswire)
Flagstar to Audiocast Annual Meeting of Stockholders May 1, 2009
April 30 /PRNewswire-FirstCall/ -- Flagstar Bancorp (NYSE: ) today announced plans to audiocast its 2009 Annual Meeting of Stockholders ... Flagstar Bancorp, Inc., with $16 ... SOURCE Flagstar Bancorp, Inc.. (PR Newswire)
Flagstar Reports Completion of $25 Million Investment by MP Thrift Investments L.P. Feb 18, 2009
Feb. 17 /PRNewswire-FirstCall/ -- Flagstar Bancorp, Inc. (NYSE: ) ("Flagstar"), the holding company for Flagstar Bank FSB, today reported the completion of an investment of $25 million from MP Thrift Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, which is the first portion of the previously announced $100 million in equity capital that MatlinPatterson will purchase from Flagstar ... Flagstar... (PR Newswire)
Flagstar Notice Regarding Additional MatlinPatterson Investment Feb 14, 2009
Feb. 13 /PRNewswire-FirstCall/ -- As announced on January 30, 2009, Flagstar Bancorp, Inc. (NYSE: ) ("Flagstar") and MP Thrift Investments L.P. ("MatlinPatterson"), an entity formed by MP (Thrift) Global Partners III LLC, an affiliate of MatlinPatterson Global Advisers LLC, entered into a closing agreement pursuant to which MatlinPatterson will purchase $100 million in equity capital from Flagstar, in addition to the $250 million in equity capital purchased by MatlinPatterson on January 30, 2009... (PR Newswire)
Key to success in the big bank bailout? Let 'em fail Feb 10, 2009
Just ask the lucky management of Flagstar Bancorp of Michigan, who, by sheer ineptitude in real estate deals, drove their company to the brink of collapse and their stock price down 97 per cent, and who were rewarded the other day with a $267-million (U.S.) cheque from Uncle Sam. There's plenty more where that came from. (Globe and Mail -- Business)
