FLAGSTAR BANK COMMEMORATES NEW BRANCH OPENING IN BROOKYLN'S BEDFORD-STUYVESANT NEIGHBORHOOD WITH COMMUNITY EVENT AND $50,000 DONATION
Flagstar Bank celebrated the opening of a new branch in Brooklyn's Bedford-Stuyvesant neighborhood with a $50,000 Community Reinvestment Act grant to Neighborhood Housing Services. The grant supports first-time homebuyer and financial education programs, with eligible workshop participants qualifying for up to $10,000 in downpayment assistance.
The new 2,400 square-foot branch on 1911 Atlantic Avenue represents a significant investment in enhancing banking services for low- and moderate-income communities. Located within a newly renovated mixed-use building providing 235 housing units, the branch offers full banking services and financial education programs both in-person and virtually.
Flagstar Bank ha celebrato l'apertura di una nuova filiale nel quartiere Bedford-Stuyvesant di Brooklyn con una borsa di $50.000 del Community Reinvestment Act per i Servizi di Alloggio per la Comunità. La borsa supporta i programmi di educazione finanziaria e per i primi acquirenti di casa, con i partecipanti ai workshop idonei a ricevere fino a $10.000 in assistenza per il pagamento iniziale.
La nuova filiale, che si estende per 2400 piedi quadrati e si trova al 1911 di Atlantic Avenue, rappresenta un investimento significativo per migliorare i servizi bancari per le comunità a basso e medio reddito. Situata all'interno di un edificio a uso misto recentemente ristrutturato che offre 235 unità abitative, la filiale offre servizi bancari completi e programmi di educazione finanziaria sia di persona che virtualmente.
Flagstar Bank celebró la apertura de una nueva sucursal en el vecindario Bedford-Stuyvesant de Brooklyn con una subvención de $50,000 del Community Reinvestment Act para los Servicios de Vivienda de la Comunidad. La subvención apoya programas de educación financiera y para compradores de vivienda por primera vez, permitiendo a los participantes elegibles de los talleres calificar para hasta $10,000 en asistencia para el pago inicial.
La nueva sucursal de 2,400 pies cuadrados en 1911 Atlantic Avenue representa una inversión significativa en la mejora de los servicios bancarios para comunidades de bajos y moderados ingresos. Ubicada dentro de un edificio de uso mixto recientemente renovado que ofrece 235 unidades de vivienda, la sucursal brinda servicios bancarios completos y programas de educación financiera tanto en persona como de manera virtual.
플래그스타 은행은 브루클린의 베드포드-스타이베산트 지역에 새로운 지점을 개설하면서 5만 달러의 커뮤니티 재투자법 보조금을 지역 주택 서비스에 기부했습니다. 이 보조금은 주택 구매를 처음 하는 사람과 재정 교육 프로그램을 지원하며, 워크숍에 참여한 적격자들은 최대 1만 달러의 다운페이먼트 지원을 받을 수 있습니다.
새로운 2,400 평방피트 지점은 1911 애틀랜틱 애비뉴에 위치하며, 저소득 및 중간소득 커뮤니티를 위한 은행 서비스 향상을 위한 중요한 투자입니다. 235개 주택 단위를 제공하는 새로 개조된 혼합 용도 건물에 위치한 이 지점은 전면적인 은행 서비스와 대면 및 온라인 재정 교육 프로그램을 제공합니다.
Flagstar Bank a célébré l’ouverture d’une nouvelle agence dans le quartier Bedford-Stuyvesant à Brooklyn avec un don de 50 000 $ dans le cadre de la loi sur la réinjection des communautés pour les Services de logement de quartier. Le don soutient des programmes d’éducation financière et d’aide aux premiers acheteurs, les participants éligibles aux ateliers pouvant bénéficier jusqu’à 10 000 $ d’aide pour l’apport initial.
La nouvelle agence de 2 400 pieds carrés située au 1911 Atlantic Avenue représente un investissement significatif pour améliorer les services bancaires destinés aux communautés à faible et moyen revenu. Située dans un bâtiment récemment rénové à usage mixte offrant 235 unités de logement, l’agence propose des services bancaires complets ainsi que des programmes d’éducation financière, tant en personne que virtuellement.
Flagstar Bank feierte die Eröffnung einer neuen Filiale im Stadtteil Bedford-Stuyvesant in Brooklyn mit einem 50.000-Dollar-Zuschuss des Community Reinvestment Act für die Neighborhood Housing Services. Der Zuschuss unterstützt Programme zur finanziellen Bildung und für Erstkäufer von Wohnimmobilien, wobei teilnahmeberechtigte Workshop-Teilnehmer bis zu 10.000 Dollar an Unterstützung für Anzahlungen erhalten können.
Die neue, 2.400 Quadratfuß große Filiale an der Atlantic Avenue 1911 stellt eine bedeutende Investition dar, um die Bankdienstleistungen für einkommensschwache und -moderate Gemeinschaften zu verbessern. Die Filiale befindet sich in einem neu renovierten Gebäude mit gemischter Nutzung, das 235 Wohnheiten bietet, und bietet sowohl persönliche als auch virtuelle Bankdienstleistungen und Programme zur finanziellen Bildung an.
- None.
- None.
- Full-service branch offering banking services and financial education
- Grants
The grant will support first-time homebuyer and financial education programs, covering materials, marketing, and administrative costs, while also including a youth component focused on financial responsibility. Eligible workshop participants may be awarded up to
"We believe that a fundamental aspect of being a community-centric bank is our consistent dedication to uplifting those who need support in achieving their goals," said Beverly Meek, Director of Community Reinvestment Act Giving. "Our gift to Neighborhood Housing Services is more than just a promise fulfilled—it's a shared vision for developing affordable housing that benefits the entire community."
The new 2,400 square-foot branch on 1911 Atlantic Avenue in
"Change is the only constant in this world," said Reggie Davis, Senior Executive Vice President and President, Consumer and Small Business Banking. "We see this new branch as a catalyst for the positive transformation we envision in the community. By supporting underbanked neighborhoods, providing financial literacy education, and empowering community members with essential skills, we are helping them take control of their financial futures and creating lasting impact in their lives."
The branch is located within a newly renovated mixed-use building in a joint venture between Dabar Development Partners and Thorobird Companies and provides 235 units of housing for low- and moderate-income households.
About Flagstar Financial, Inc.
Flagstar Financial, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The Company is headquartered in
Flagstar Bank, N.A. operates over 400 branches, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and West Coast. In addition, the Bank has approximately 90 private banking teams located in over 10 cities in the metropolitan
Cautionary Statements Regarding Forward-Looking Statements
This release may include forward‐looking statements by the Company and our authorized officers pertaining to such matters as our goals, beliefs, intentions, and expectations regarding (a) revenues, earnings, loan production, asset quality, liquidity position, capital levels, risk analysis, divestitures, acquisitions, and other material transactions, among other matters; (b) the future costs and benefits of the actions we may take; (c) our assessments of credit risk and probable losses on loans and associated allowances and reserves; (d) our assessments of interest rate and other market risks; (e) our ability to execute on our strategic plan, including the sufficiency of our internal resources, procedures and systems; (f) our ability to attract, incentivize, and retain key personnel and the roles of key personnel; (g) our ability to achieve our financial and other strategic goals, including those related to our merger with Flagstar Bancorp, Inc., which was completed on December 1, 2022, our acquisition of substantial portions of the former Signature Bank through an FDIC-assisted transaction, and our ability to fully and timely implement the risk management programs institutions greater than
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Investor Contact:
Salvatore J. DiMartino
(516) 683-4286
Media Contact:
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(248) 219-9234
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SOURCE Flagstar Financial, Inc.
FAQ
What is the value of the CRA grant Flagstar Bank (FLG) donated in Bedford-Stuyvesant?
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Where is Flagstar Bank's new Bedford-Stuyvesant branch located?
How many housing units does the new Flagstar Bank (FLG) Bedford-Stuyvesant location provide?
