Flagstar Declares Cash Dividend

TROY, Mich., Aug. 29 /PRNewswire-FirstCall/ -- The Board of Directors of Flagstar Bancorp, Inc. (NYSE: FBC) announced the declaration of a third quarter dividend of $0.15 per share. The dividend is to be paid on September 29, 2006 to shareholders of record on September 15, 2006.

Flagstar Bancorp, which has $15.2 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. Flagstar currently operates 146 banking centers located throughout southern Michigan, Indiana and Georgia and operates loan centers across the country. Flagstar Bank originates loans nationwide and is one of the nation's leading originators of residential mortgage loans.