Flagstar Financial Inc., the parent company of Flagstar Bank, N.A., has announced a strategic corporate reorganization aimed at enhancing its operational efficiency. The Board of Directors has approved a merger agreement where Flagstar Financial Inc. will merge into Flagstar Bank, N.A., with the latter as the surviving entity. This move is designed to simplify the company's legal and corporate structure, reduce unnecessary costs, and focus on serving customers and communities. The reorganization, which is subject to regulatory and shareholder approval, is expected to be completed by the end of the year, with the bank continuing to operate under its existing name and ticker symbol "FLG" on the New York Stock Exchange. This strategic decision supports the bank's mission to become a well-capitalized, diversified, and top-performing regional institution.