Founded in 1987, Flagstar Bank is a community bank with 162 banking centers in Michigan, Indiana and Georgia. Based in Jackson, Mich., the bank is one of the leading pioneers in paperless mortgage processing. It offers a range of products and services, such as personal and business banking, credit, merchant services, liquid asset savings, business money market account and investment and treasury management products, among others. Flagstar Bank is a member of the FDIC and an Equal Housing Lender. The bank is a subsidiary of Flagstar Bancorp Inc.