Flagstar Bank Hires Jennifer Charters as Chief Information Officer

TROY, Mich., July 26, 2018 /PRNewswire/ -- Flagstar Bank has hired Jennifer Charters as executive vice president and chief information officer with responsibility for the strategic direction of the bank's IT organization, including the successful delivery of technology initiatives and management of IT operations. Previously, she was CIO of Corporate Technology at Ally Financial in Detroit where she was responsible for internal technology solutions across the enterprise.

She has 24 years of experience in information technology, including 12 years consulting at Accenture, where she led strategic projects in support of Fortune 500 companies in the financial services and telecommunications industries.

"We're fortunate to have someone with Jennifer's background and experience to lead Flagstar's IT division," said Lee Smith, Flagstar's chief operating officer. "IT pervades everything we do at Flagstar. Having someone at the helm who can bring real-world business experience and an enterprise-wide perspective to IT is invaluable. Jennifer fit the bill on both counts," Smith said.

Charters is an executive board member of the Michigan Council of Women in Technology.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is an $18.1 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 107 branches in Michigan and California. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 88 retail locations in 31 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $120 billion of home loans representing over 535,000 borrowers. For more information, please visit flagstar.com.

For more information contact:

Susan Bergesen
Flagstar Bank
(248) 312-6237

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SOURCE Flagstar Bancorp, Inc.