TROY, Mich., July 27, 2017 /PRNewswire/ -- Flagstar Bank has joined a growing coalition of chief executives nationwide pledging to advance diversity and inclusion in the workplace. By signing the CEO Action for Diversity & Inclusion,(TM) Flagstar CEO Alessandro DiNello has committed himself and Flagstar to the goals of the coalition.

The pledge requires Flagstar to take specific actions to cultivate a workplace where diverse perspectives and experiences are welcomed and respected and where employees feel encouraged to discuss diversity and inclusion. More than 250 signatories have already shared nearly 200 best-known actions, exchanging tangible learning opportunities and creating collaborative conversations via the initiative's corporate exchange, CEOAction.com.

"I know at Flagstar we need the best people if we're going to be the best--and that requires a big tent when it comes to hiring, training, developing, and promoting our employees," DiNello said. "It also requires a culture that brings out the best in everyone by supporting diversity and inclusion. Beyond that, we want to ensure our workforce looks like the communities we serve. The CEO pledge is built on commitments and accountability. It holds our feet to the fire to take action. I'm pleased and proud to sign it."

Each signatory of the pledge commits to:


    --  Continue to cultivate workplaces that support open dialogue on complex,
        and sometimes difficult, conversations about diversity and inclusion.
    --  Implement unconscious bias education.
    --  Share what is and isn't working to strengthen programs for the benefit
        of all signatory companies.

These commitments will be expanded in the future using feedback from the companies signing the pledge about the success of their diversity strategies. As a result of the pledge, employees should experience a workplace that is more welcoming of diversity and more reflective of the communities each company serves. Flagstar is one of nine companies and the only bank in Michigan to sign the pledge.

About Flagstar
Flagstar Bancorp, Inc. (NYSE: FBC) is a $16.0 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, 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 85 retail locations in 26 states, representing the combined retail branches of Flagstar and Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $87 billion of home loans representing 402,000 borrowers. For more information, please visit flagstar.com.

About CEO Action for Diversity & Inclusion(TM)
CEO Action for Diversity & Inclusion(TM) is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together more than 275 CEOs of America's leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and inclusion, and where best known--and unsuccessful--actions can be shared across organizations. Learn more at CEOAction.com and connect with us on Facebook: CEO Action for Diversity & Inclusion and Twitter: @CEOAction.

For more information contact:

Susan Bergesen
Flagstar Bank
(248) 312-6237

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SOURCE Flagstar Bank