TROY, Mich., Feb. 12 /PRNewswire-FirstCall/ -- Flagstar Bank announced it has been named 2006 Bank of the Year for its success with Business Custom Capital, an unsecured line of credit program for small businesses. Flagstar was one of three banks nationwide to receive the honor. Thirty-nine banks in more than 19 states serve local small businesses by offering unsecured lines of credit through the Business Custom Capital program.
The Flagstar Business Custom Capital line of credit is offered through an arrangement between Flagstar Bank and Wells Fargo Bank, N.A.
Flagstar Bancorp, with $15.5 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. At December 31, 2006, Flagstar operated 151 banking centers in Michigan, Indiana and Georgia and 76 home loan centers in 22 states. Flagstar Bank originates loans nationwide and is one of the leading originators of residential mortgage loans. For more information, please visit http://www.flagstar.com/.
