Flagstar Financial to merge the company with its bank to save costs

1 day ago 1
Old Fashioned Bank Sign

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Flagstar Financial (NYSE:FLG) said on Thursday its board approved a merger of the company into its bank, with the surviving entity to be known as Flagstar Bank, N.A.

The reorganization will reduce costs, simplify its organizational structure, streamline managerial, operational, and administrative functions throughout

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