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PR Newswire·

FLAGSTAR BANK, N.A. ANNOUNCES PRELIMINARY RESULTS OF 2026 ANNUAL SHAREHOLDERS' MEETING

  • Flagstar Bank, N.A. announced that all four proposals were approved by shareholders at its 2026 Annual Shareholders' Meeting held on June 9, 2026.
  • Nearly 90% of total shares outstanding were voted in the preliminary results.
  • Shareholders approved the election of eight directors to one-year terms.
  • Shareholders ratified KPMG, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026.
  • A non-binding advisory vote approved the compensation of the Bank's Named Executive Officers.
  • Shareholders approved an Amendment to the Flagstar Bank, N.A., 2020 Omnibus Incentive Plan.
  • Executive Chairman and CEO Joseph M. Otting stated the results affirm progress in financial performance, risk management, corporate governance, & long-term growth.
  • The Bank expects to file a Form 8-K with final voting results within the next four business days.
  • As of March 31, 2026, Flagstar Bank had $87.1 billion in assets, $60.7 billion in loans, $66.8 billion in deposits, & $8.1 billion in stockholders' equity.
  • The Bank operates approximately 340 locations across nine states with significant presence in New York, New Jersey, the upper Midwest, Florida, & the West Coast.
  • The press release includes forward-looking statements regarding future financial goals, strategic plans, & risks related to the 2025 holding company reorganization, 2022 merger, & 2023 acquisition of former Signature Bank assets.