Sinking Ship - Anonymous employee Flagstar Bank Employee Review

1.0
4 Apr 2025
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are no pros to this company anymore

Cons

Flagstar merged with NYCB and thus has got to be one of the quickest collapses I have ever seen. The company is run by private equity who are just getting the company prepped for sale by selling of any valuable assets. Every month there is a round of layoffs. People are afraid to look at their email for the next layoff. I was told in February my job is safe but found out in April it was not and that decision was made awhile ago. This company is not transparent and flat out lies. Pre merger is was a laidback place to work for but the CEO and board got greedy and forced through a merger that shouldn’t have been. There is currently a lawsuit against the company since NYCB lied about their income and losses. Avoid at all costs.

Explore other reviews about Flagstar Bank

5.0
27 Feb 2026
Recommend
CEO approval
Business outlook

Pros

Very knowledgeable and helpful people who are experts in enterprise systems

Cons

N/A during my time with the company

1.0
25 June 2026
Recommend
CEO approval
Business outlook

Pros

Clients are amazing. Made some real friends.

Cons

No advancement. Will promise you the world to get you to stay. Ask you to give as much notice as possible when you are leaving but will find a ridiculous reason to fire you. Never hitting financial targets so no bonuses. Terrible branch management.

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