Flagstar Private Banking
Flagstar runs a Private Bank built around a “single point of contact” banker who orchestrates banking, lending, and wealth solutions for you and (if relevant) your business. The model is spelled out across the firm’s Private Bank pages. flagstar.com+2flagstar.com+2
Flagstar’s parent was renamed from New York Community Bancorp to Flagstar Financial, Inc. (NYSE: FLG) on Oct. 25, 2024, unifying the brand after a turbulent period for regional banks. ir.flagstar.com+1
On the Private Bank “About” page (as of June 30, 2025), Flagstar highlights $92.2B total assets, $69.7B total deposits, and an 8.61% Tier 1 leverage ratio—useful context on balance-sheet scale. flagstar.com
What clients get: the Flagstar toolkit
-
Personal Private Banking. A dedicated banker coordinates everyday banking plus larger balance-sheet needs. flagstar.com
-
Business Private Banking. For principals and their companies—treasury, operating lines, and coordination with commercial banking. flagstar.com
-
Wealth management & investing. Portfolio construction and advice via Flagstar Private Bank/Wealth Services, including dedicated Investment Management resources. flagstar.com+2flagstar.com+2
-
Planning & legacy. Resources for wealth transfer, business succession, charitable giving, and retirement plan guidance for employer plans. flagstar.com
Minimums: Flagstar does not advertise a single universal asset minimum for its Private Bank on the public site; eligibility and pricing are relationship-based and depend on the mix of services. Prospects are routed to a banker via “Connect with us.” flagstar.com
Footprint & recent expansion
Flagstar opened a Private Client Office at 230 Royal Palm Way, Palm Beach (Aug 7, 2025)—part of a push to serve Southeast Florida UHNW clients. The office is led by Michele Celestino (EVP, Head of Private Banking, Southeast) and includes veterans from First Republic. ir.flagstar.com+1
What’s new behind the scenes (2024–2025)
The platform has been restructuring toward profitability—renaming to Flagstar Financial, trimming non-core operations, and signaling a goal to return to profit by Q4 2025. Coverage notes branch consolidations and workforce reductions alongside the pivot. For prospective clients, this context matters when assessing long-term service and coverage. Reuters+2Banking Dive+2
Is Flagstar Private Bank a fit?
Choose Flagstar if you want:
-
A relationship-led private bank where one senior banker coordinates your personal, business, and wealth needs. flagstar.com
-
Integrated banking + investing without the “mega-bank” feel. flagstar.com+1
-
Southeast Florida access (Palm Beach) with teams used to UHNW service. ir.flagstar.com
Practical next steps
-
Ask for a proposal that spells out your mandate, fees, custody, lending lines, and planning workstreams.
-
Clarify eligibility (and any product-level thresholds) for the services you need. flagstar.com
-
If you operate a business, have your banker map personal + business liquidity and credit so they work together. flagstar.com
Informational only—not investment advice. Review proposals, fee schedules, and disclosures before engaging any private bank.
