Flagstar Bank Small Business Banking

Learn about Flagstar Bank small business banking. Includes info on Flagstar bank, reviews, and FAQs.

Updated on December 11th, 2019

The SMB Guide is reader-supported. When you buy through links on our site, we may earn an affiliate commission. Learn more

Flagstar Bank is an American bank with 160 branches. Flagstar Bank offers small business bank accounts including savings and checking accounts as well as business credit cards.

Rates & Fees:

Flagstar Bank fees for business bank accounts vary based on the area. Enter your zip code on the Flagstar Bank website for area-specific rates.

Also Consider

Azlo Small Business Banking

Fee-Free Small Business Banking

Get Started

Bank from anywhere.

All the features, none of the fees.

Flagstar Bank

Pros: Easy-to-use website. Responsive and helpful customer service.

Cons: Clients have reported that Flagstar Bank is slow to acknowledge receipt of payments and documents.

Bottomline: Flagstar Bank offers custom services for businesses and has an excellent customer support system.

Features & Benefits:

160 Branches.

Flagstar Bank has 160 branches across Michigan, Indiana, California, Wisconsin, and Ohio.

Online customer support.

Flagstar Bank's website features online portals for lodging queries, including a Chat function and a detailed form.

Online applications.

Clients can apply for business accounts online at their convenience.

Business online banking.

Businesses can manage their account using an online service.

Key Information:




Troy, Michigan

Number of Employees



Alessandro DiNello


5151 Corporate Dr, Troy, MI

Phone number

1 (888) 248-6423




Is Flagstar Bank Wells Fargo?

Wells Fargo sold 52 of its midwest-based branches to Flagstar Bank.

What is Flagstar Bank's routing number?

Flagstar Bank's routing number is 272471852.

Did Flagstar buy out Wells Fargo?

Flagstar Bank bought 52 Wells Fargo branches located in the midwest.

Does Flagstar Bank use Zelle?

Yes, clients can use Zelle through Flagstar Bank's online and mobile banking platforms.

Who is Flagstar Bank owned by?

Flagstar Bank is owned by Flagstar Bancorp, Inc.

Is Flagstar Bank FDIC-insured?

Yes, Flagstar Bank is FDIC-insured.

How old is Flagstar?

Flagstar Bank was founded in 1987, making it 32 years old as of 2019.

Where are the Flagstar Bank headquarters?

The Flagstar Bank headquarters are in Troy, Michigan.

How long has Flagstar Bank been around?

Flagstar Bank first received a charter to operate as a federal savings bank in 1987 (32 years ago). Flagstar Bancorp was founded in 1996 (23 years ago).

How many employees does Flagstar Bank have?

Flagstar Bank reported having 3,938 employees in 2018.

Who is the president of Flagstar Bank?

Alessandro DiNello is the current President, CEO, and Director of Flagstar Bank.

What are the best Flagstar Bank alternatives?

Customer Reviews:


Reviewed: Jan 08, 2015

Source: Reddit

Flagstar is the bank that owns my mortgage. I haven't had any problems with them - their website is easy enough, customer service is efficient and knowledgeable.


Reviewed: Jun 15, 2018

Source: Reddit

We used Flagstar bank and Steven Williams was our loan officer. He was pretty good, communicated fine, and like I said, the version we used of MSHDA wasn't even in their system and they added it and we didn't have any delays from it.