Flagstar Bancorp overview

Flagstar Bank is the largest bank headquartered in Michigan.
The staff at Flagstar Bancorp come from unusually diverse demographic backgrounds. The company is 54.4% female and 33.7% ethnic minorities. Flagstar Bancorp employees are more likely to be members of the Democratic Party than the Republican Party, with 59.1% of employees identifying as members of the Democratic Party. But those numbers could change quickly because the turnover rate at Flagstar Bancorp is relatively high. Employees at Flagstar Bancorp stay with the company for an average of 2.9 years before leaving. The average employee at Flagstar Bancorp makes $55,621 per year, which is competitive for its industry and location. Some of its highest paying competitors, East West Bank, EverBank, and BMO Harris Bank, pay $66,619, $56,444, and $52,849, respectively.
Based in Michigan, Flagstar Bancorp is a key player in the finance industry with 3,432 employees and an annual revenue of $783.0M.

The Organization’s Mission

To create a one-of-a-kind banking experience grounded in relationships, nurtured through service, and measured by results.

Industry

Finance

Revenue

$783.0M

Employees

3,432

Founded in

1987

Headquarters

Troy, MI

Website

flagstar.com

Organization Type

Public

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The team at Flagstar Bancorp

Key People
  • John Lewis (Chairman)

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Flagstar Bancorp Rankings

Flagstar Bancorp is ranked #75 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

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Flagstar Bancorp Salaries

How much does Flagstar Bancorp pay?
The national average salary for a Flagstar Bancorp employee in the United States is $55,621 per year. Employees in the top 10 percent can make over $96,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year.
9.3
Salary Score
Average Employee Earnings

Flagstar Bancorp Salaries By Job Title

While Flagstar Bancorp employees earn an average yearly salary of $55,621, different roles can command different wages. The higher paying positions at Flagstar Bancorp include Team Leader, Senior Programmer Analyst, Java Developer, and Java/J2ee Developer. A typical Team Leader salary at Flagstar Bancorp is $108,925. Some of the other roles at Flagstar Bancorp are Cashier and Teller. A worker with the title Cashier at Flagstar Bancorp earns an average salary of $23,698 per year.

Flagstar Bancorp careers

On average, employees at Flagstar Bancorp stay with the company for 2.9 years. Employees most commonly join Flagstar Bancorp after leaving Comerica. When they leave Flagstar Bancorp, they most frequently get their next job at JPMorgan Chase.

Average Length of Employment
Comerica4.2 years

Flagstar Bancorp

2.9 years
Top Employers Before Flagstar Bancorp
Comerica12.9 %
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Top Employers After Flagstar Bancorp
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Flagstar Bancorp Financial Performance

9.8
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1987

Organization type

Public

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Flagstar Bancorp Competitors

Some of the competitors of Flagstar Bancorp are East West Bank, EverBank, and BMO Harris Bank. The average salaries at East West Bank rank the highest, with their employees earning an average salary of $66,619 per year. The salaries at EverBank average $56,444 per year, and the salaries at BMO Harris Bank come in at $52,849 per year.

Frequently Asked Questions about Flagstar Bancorp

When was Flagstar Bancorp founded?

Flagstar Bancorp was founded in 1987.

How many Employees does Flagstar Bancorp have?

Flagstar Bancorp has 3,432 employees.

How much money does Flagstar Bancorp make?

Flagstar Bancorp generates $783.0M in revenue.

What industry is Flagstar Bancorp in?

Flagstar Bancorp is in the finance industry.

What is Flagstar Bancorp's mission?

Flagstar Bancorp's mission statement is "To create a one-of-a-kind banking experience grounded in relationships, nurtured through service, and measured by results."

What type of company is Flagstar Bancorp?

Flagstar Bancorp is a public company.

Who are Flagstar Bancorp's competitors?

Flagstar Bancorp competitors include Commerce Bancshares, Comerica, Associated Banc, Old National Bank, Huntington Bancshares, TCF Financial, East West Bank, Fifth Third Bank, BB&T, Provident Bank, BMO Harris Bank, First Citizens BancShares, United Bank, PHH, City National Bank, First Tennessee, Nationstar Mortgage, Freedom Mortgage, EverBank, Webster Bank.

Who works at Flagstar Bancorp?

John Lewis (Chairman)

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You can find out what it is like to work at Flagstar Bancorp, also known as FLAGSTAR BANCORP INC, Flagstar Bancorp Inc, Flagstar Bancorp, Inc. and Flagstar Bank.

Zippia gives an in-depth look into the details of Flagstar Bancorp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Flagstar Bancorp. The employee data is based on information from people who have self-reported their past or current employments at Flagstar Bancorp. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Flagstar Bancorp and its employees or that of Zippia.