Flagstar Financial Announces Shareholders Approved All Proposals Related To Its Holding Company Reorganization At Special Meeting On October 15, 2025

Author: Benzinga Newsdesk | October 15, 2025 04:09pm

Flagstar Financial, Inc. (NYSE:FLG) (the "Company") the holding company for Flagstar Bank, N.A., (the "Bank"), announced today that at its Special Meeting of Shareholders held on October 15, 2025, shareholders approved all proposals related to the previously announced holding company reorganization.

The approved proposals include:

1. Approval and adoption of the Amended and Restated Agreement and Plan of Merger between the Company and the Bank, under which the Company will merge into the Bank, with the Bank as the surviving entity.
   
   
   
    
2. Approval of the conversion of Flagstar Financial, Inc. into an interim federal savings association, to be named Flagstar Financial, Federal Savings Association, immediately prior to the merger.

"We're pleased to have received overwhelming support from our shareholders for this strategic reorganization, which underscores their confidence in our direction and long-term strategy," said Joseph Otting, Chairman, President and CEO. "This milestone reflects the progress we're making to simplify our structure and build a stronger foundation for the future, allowing us to move forward with clarity and focus as we continue growing a bank that delivers for our customers, communities, and shareholders."

With these approvals, all required shareholder and regulatory approvals for the holding company reorganization have been obtained. No additional approvals are required. 

The merger is expected to close in mid-to-late October. Upon closing, the resulting entity will continue to be known as Flagstar Bank, N.A. and its common stock will remain listed on the New York Stock Exchange under the same ticker symbol, "FLG."

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