Blog

November, 2020

Dowagiac, MI – Flagstar Bank is keeping a promise and commitment to diversity, equity and inclusion in the communities it serves by giving $1 million in grants to help small businesses owned by Black, Indigenous and people of color whose operating expenses are impacted by COVID-19. Flagstar has partnered with Chi Ishobak to vet and administer the grants.

“Matt Wesaw, Tribal Chair, made a connection with Flagstar a few weeks ago and this opportunity was presented” said Sean Winters, Executive Director of Chi Ishobak. “Matt felt this would be a good fit for us and made the introductions and we were able to find a fit between our organizations. It is another positive opportunity for our small native-owned businesses to continue along the road of recovery.”

Chi Ishobak will be marketing the grants to their current clients, but are also available for any black, native or people of color-owned business within the Flagstar target markets of Michigan, Indiana and California. Chi will be providing 18 grants of $5,000 each.

Interested applicants can find out more information by going to www.chiishobak.org. To apply, you will need to provide: Most recent tax filing, most recent two months of bank statements, a Certificate of Good Standing and a W-9.

About Flagstar

Flagstar Bancorp, Inc. (NYSE: FBC) is a $29.5 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 160 branches in Michigan, Indiana, California, Wisconsin and Ohio. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as 87 retail locations in 29 states, representing the combined retail branches of Flagstar and its Opes Advisors mortgage division. Flagstar is a leading national originator and servicer of mortgage and other consumer loans, handling payments and record keeping for $227.4 billion of loans representing slightly over 1.1 million borrowers.