Flagstar Bank Approves $250 Million Stock Buyback

MT Newswires Live

07/24

Flagstar Bank (FLG) said Friday its directors approved a plan to buy back a maximum of $250 million of its common shares.

The company said the financial institution can make the purchases over the next 12 months.

The company said that this does not obligate the bank to repurchase any specific number of shares and may be suspended, modified or discontinued at any time.

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