FLAGSTAR BANK HOSTS COMMUNITY REINVESTMENT ROUNDTABLE, BRINGS COMMUNITY LEADERS

• A group of leading and influential nonprofit and community leaders attended
• Dialogue centered on reimagining future of community reinvestment strategies
• Intent to formalize goals and objectives for sustained meaningful impact

HICKSVILLE, N.Y., Jan. 31, 2025 /PRNewswire/ — Flagstar Bank, N.A., (the “Bank”) a subsidiary of Flagstar Financial, Inc. (NYSE: FLG) (the “Company”) convened a group of influential nonprofit and community group leaders from key sectors—such as affordable housing, small business, economic development, and support for veterans, Indigenous communities, and People of Color—to meet with the Bank’s executive leadership for a roundtable discussion aimed at reimagining expectations for the Bank’s Community Reinvestment Act (CRA) engagement.

The dialogue centered on how Flagstar can strengthen support for low- and moderate-income (LMI) communities by identifying actionable strategies to transform their approach to community reinvestment. Discussions included equitable access to credit, affordable housing, community development, and creating sustainable economic opportunities. The intent is to formalize a strategic advisory group to continue this impactful dialogue and drive forward more effective support and engagement in the communities the Bank serves.

“Flagstar is in the midst of a transformative multi-year journey, and a key part of that is how we show up and engage within our communities—not just in words, but in action,” said Joseph M. Otting, Chairman, President, and CEO. “Being a leading regional bank means embracing reinvention, and CRA is no exception. Just as we are evolving within our company, we see an opportunity to include a broader range of voices—particularly from historically underserved communities—to reframe CRA engagement and build on existing efforts to create meaningful, lasting positive change. By engaging these leaders, we gain critical insights to assess local needs, evaluate the impact of our initiatives, and identify opportunities to enhance our CRA strategy. As we right-size our investments to align with the company we are today, their relationships are essential to ensuring our efforts deliver meaningful and measurable outcomes.”

This initiative is integral to Flagstar’s focus on enhancing its community-centered activities to align with its strategic transformation and better meet the credit and banking needs of LMI communities. These efforts are not just about fulfilling regulatory requirements; they aim to foster meaningful, sustainable growth and create lasting, positive opportunities in the communities the Bank serves.

About Flagstar Financial, Inc.

Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in Hicksville, New York. At December 31, 2024, the Company had $100.2 billion of assets, $69.2 billion of loans, deposits of $75.9 billion, and total stockholders’ equity of $8.2 billion.

Flagstar Bank, N.A. operates 418 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 80 private banking teams located in over 10 cities in the metropolitan New York City region and on the West Coast, which serve the needs of high-net worth individuals and their businesses.

Cautionary Statements Regarding Forward-Looking Statements

This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than $100 billion in assets must maintain; (h) the effect on…