Flagstar Announces the Resignation of James D. Coleman from Its Board of Directors

TROY, Mich., Aug. 26, 2011 /PRNewswire/ — Flagstar Bancorp, Inc. (NYSE: FBC)
(the “Company”), the holding company for Flagstar Bank FSB (the “Bank”), today
announced that James D. Coleman has resigned from his position on the boards of
directors of the Company and the Bank.

Joseph P. Campanelli, Flagstar’s Chief Executive Officer and Chairman of the
Board said, “Dr. Coleman has served as a member of our board of directors since
1993, and we have benefited from his experience and insight. We appreciate his
many contributions over the past 18 years and wish him well in the future.”

Flagstar Bancorp is a full-service financial services company, offering a range
of products and services to consumers, businesses, and homeowners. With $12.7
billion in total assets at June 30, 2011, Flagstar is the largest publicly held
savings bank headquartered in the Midwest. As of June 30, 2011, Flagstar
operated 162 branches in Michigan, Indiana, and Georgia, and it subsequently
entered into agreements to sell or lease its 27 branches in Georgia and 22
branches in Indiana. Flagstar also operated, at June 30, 2011, 30 home loan
centers in 15 states, and a total of four commercial banking offices in
Massachusetts, Connecticut, and Rhode Island. Flagstar Bank originates loans
nationwide and is one of the leading originators of residential mortgage loans.
For more information, please visit flagstar.com.

SOURCE Flagstar Bancorp