TROY, Mich., Dec. 2, 2015-Andrew W. (Drew) Ottaway has joined Flagstar Bank, Troy, as executive vice president and managing director of Lending. In this capacity, Ottaway will be responsible for all non-mortgage lending, including commercial real estate, large corporate lending, middle market, and warehouse lending. Additional areas of responsibility will include consumer finance, equipment finance, government banking, treasury management, and strategic alliances.

'We are pleased to have someone with Drew's strong experience, Michigan background, and professionalism join Flagstar in this very important role,' said Alessandro DiNello, president and CEO of Flagstar. 'Building the bank's balance sheet will be critical to the continued diversification of our earnings, and Drew will play a big part in that effort.'

Ottaway brings over 25 years of banking experience in Southeast Michigan, focused primarily in commercial lending and credit administration. He held several leadership roles at Comerica Bank, most recently serving as senior vice president and chief credit officer for Wealth Management and the Retail Bank. He began his career at the National Bank of Detroit.

He has been involved in the community as a board member and volunteer with organizations such as Boys Hope Girls Hope, Paint the Town, and Junior Achievement of Southeastern Michigan. Professional affiliations have included the Risk Management Association, Turnaround Management Association, and the ESOP Association.

He earned a B.A. degree from Miami University in Oxford, Ohio, and an M.B.A in Finance locally from the University of Detroit.

About Flagstar

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Flagstar Bancorp, Inc. (NYSE: FBC) is a $12.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, the largest bank headquartered in Michigan, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 14 retail centers in 10 states. Flagstar is the 10th largest national originator of mortgage loans and a top 20 mortgage servicer, handling payments and record keeping for over $74.3 billion home loans for nearly 370,000 borrowers. For more information, please visit flagstar.com.

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