TROY, Mich., Feb. 2, 2017 /PRNewswire/ -- Flagstar Bank
has hired Kurt Hocker to lead
expanded capital markets activities. Hocker joined Flagstar as
senior vice president and director of Capital Markets from Union
Bank of California where he served
as executive vice president and head of Commercial Capital Markets.
He has 25 years' experience in commercial banking activities, with
several years focused exclusively on capital markets.
At Flagstar, he is responsible for establishing, directing, and
leading a new team dedicated to providing capital market solutions
to Flagstar clients and internal constituencies. Hocker will direct
Flagstar's execution of capital market solutions for clients,
including loan syndications, secondary market trading, and access
to other capital providers.
"Kurt brings a strong background in capital markets and
specialized knowledge that will strengthen our capabilities," said
Drew Ottaway, managing director of
Lending and Michigan Market president. "With Kurt on board, we look
forward to serving our customers with a broader menu of products to
help them succeed."
Flagstar Bancorp, Inc. (NYSE: FBC) is a $14.1 billion savings and loan holding company
headquartered in Troy, Mich.
Flagstar Bank, FSB, provides commercial, small business, and
consumer banking services through 99 branches in the state. It also
provides home loans through a wholesale network of brokers and
correspondents in all 50 states, as well as through 41 retail
locations in 21 states. Flagstar is a leading national originator
and servicer of mortgage loans, handling payments and record
keeping for $80 billion of home loans
representing 383,000 borrowers. For more information, please visit
flagstar.com.
For more information contact:
Susan Bergesen
Flagstar Bank
(248) 312-6237
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SOURCE Flagstar Bancorp, Inc.