Deal Snapshot
FLAGSTAR BANK CLOSES ACQUISITION OF MORTGAGE WAREHOUSE PORTFOLIO FROM SANTANDER BANK
Tuesday 13 March 2018

Michigan, US-based Flagstar Bank, FSB has closed the acquisition of a mortgage warehouse loan portfolio from US-based Santander Bank to strengthen market position in warehouse lending, the company said.
Flagstar Bank, FSB is a wholly owned subsidiary of Flagstar Bancorp, Inc. (NYSE: FBC). Santander Bank is a subsidiary of Spain-based Santander Group. Terms of the transaction were not disclosed.


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Details
Date Published: 13/03/2018
Target: Mortgage warehouse loan portfolio
Country: USA
Sector: Banking/Financial Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Santander Bank
Buyer: Flagstar Bank
Comment:
Terms of the deal were not disclosed

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