Flagstar Bancorp, Inc. operates as the holding company for Flagstar Bank, FSB that offers financial products and services to consumers, small and middle market businesses, homeowners, and large corporate borrowers. Its deposit products include demand, checking, savings, money market demand, and sweep accounts; and certificates of deposit. The company’s loan product portfolio comprises one-to-four family residential first mortgage loans, adjustable rate mortgage loans, second mortgage loans, home equity lines of credit, construction loans, and warehouse lending; commercial real estate loans, commercial and industrial loans, and commercial lease financing loans; and consumer laons. It also offers telephone banking services; government banking products; and treasury management services, such as remote deposit and merchant services. In addition, the company, through its non-bank subsidiaries, acts as an agent for life insurance, and health and casualty insurance companies; and provides online paperless office solutions for mortgage originators. As of December 31, 2011, it operated through a regional office in Jackson, Michigan; 113 banking centers in Michigan; 27 home lending centers in 13 states; 4 commercial banking offices in Massachusetts, Connecticut, and Rhode Island; and 8 wholesale lending offices. The company was founded in 1987 and is headquartered in Troy, Michigan.