Flagstar Bank is a national banking association operating a multi-state branch network across nine states, with particular strength in the greater New York/New Jersey region, the upper Midwest, and growing presence in Florida and the West Coast. The Bank generates revenue through traditional deposit-taking and lending activities, with a loan portfolio comprising multi-family real estate loans (concentrated in New York City), commercial real estate loans in the Northeast and Midwest, commercial and industrial loans to middle-market and mid-sized companies, and complementary offerings in mortgage services, non-deposit investment products, and insurance. It serves retail depositors through its physical branches, high-net-worth individuals through dedicated private banking divisions, and business customers seeking commercial credit, competing against traditional banks, credit unions, fintech companies, and online banks through a diversified channel approach including physical locations, ATMs, mobile banking, and digital platforms.