TROY, Mich., May 31, 2017 /PRNewswire/ -- Flagstar Bank
has been named to Kiplinger's Personal Finance's first-ever
rankings of the Best Banks in the U.S. To identify the crème de la
crème, the magazine picked a winner and runner-up among
national banks, nationally available credit unions and internet
banks, plus the best bank in each of four regions, as well as the
top and runner-up institutions in a number of personalized
categories.
Flagstar Bank was named winner in the Best Regional
Banks—Midwest category. Banks were rated on consumer-friendly
features and product sets.
"We're pleased to have Kiplinger validate what we've been doing
for 30 years—crafting custom solutions for our customers that allow
them to be successful," said Drew
Ottaway, president of Flagstar's Michigan market. "Congratulations to the
entire Flagstar retail team for developing and delivering products
that put customer needs front and center."
"While banks are on a mission to cut costs and raise
revenues—with customers getting caught in the crossfire—some
institutions are making all the right moves to win satisfied
customers, and we're proud to say we were able to name them in our
first-ever Best Banks list," said Janet
Bodnar, editor, Kiplinger's. "One of the most
important, personal decisions consumers make is where to keep their
money. Since situations vary, our goal is to help people make
informed choices for themselves and their families."
The editors at Kiplinger's Personal Finance used data
from Moebs Services, a Lake Forest,
Ill., economic research firm, to rank national and regional
banks and thrifts, credit unions, and internet banks. The process
to select the best started with all 11,831 U.S. depositories as of
year-end 2016. To identify the soundest financial institutions, the
list was screened for asset size, excess fees, high expenses and
sufficient capital. For each specific customer profile, the editors
started with top financial institutions identified by the Moebs
rankings and then added their own research and judgment to find
banks, thrifts and credit unions with accounts and features most
appealing to each group.
The complete rankings are now available online at Kiplinger.com,
along with in-depth profiles of the selected institutions. The
ranking will be available in print in the July 2017 issue of the magazine, on newsstands
June 6.
About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $15.4 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 43 retail
locations in 23 states. Flagstar is a leading national originator
and servicer of mortgage loans, handling payments and record
keeping for $83 billion of home loans
representing 393,000 borrowers. For more information, please visit
flagstar.com.
About Kiplinger
For nine decades, the Kiplinger organization has led the way in
personal finance and business forecasting. Founded in 1920 by
W.M. Kiplinger, the company
developed one of the nation's first successful newsletters in
modern times. The Kiplinger Letter, launched in 1923,
remains the longest continuously published newsletter in
the United States. In 1947,
Kiplinger created the nation's first personal finance magazine.
Kiplinger.com is the fastest growing Web site in the personal
finance space. Located in the heart of our nation's capital, the
Kiplinger editors remain dedicated to delivering sound, unbiased
advice for your family and your business in clear, concise
language. Become a fan of Kiplinger on Facebook or Kiplinger.com
and follow Kiplinger on Twitter, LinkedIn and Tumblr.
For more information contact:
Flagstar Contact
Susan
Bergesen
(248) 312-6237
Kiplinger Contact
Kailey
McGarvey
Kailey@rosengrouppr.com
(646) 695-7046
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SOURCE Flagstar Bank