TROY, Mich., Feb. 2, 2017 /PRNewswire/ -- Flagstar Bank has hired Kurt Hocker to lead expanded capital markets activities. Hocker joined Flagstar as senior vice president and director of Capital Markets from Union Bank of California where he served as executive vice president and head of Commercial Capital Markets. He has 25 years' experience in commercial banking activities, with several years focused exclusively on capital markets.
At Flagstar, he is responsible for establishing, directing, and leading a new team dedicated to providing capital market solutions to Flagstar clients and internal constituencies. Hocker will direct Flagstar's execution of capital market solutions for clients, including loan syndications, secondary market trading, and access to other capital providers.
"Kurt brings a strong background in capital markets and specialized knowledge that will strengthen our capabilities," said Drew Ottaway, managing director of Lending and Michigan Market president. "With Kurt on board, we look forward to serving our customers with a broader menu of products to help them succeed."
Flagstar Bancorp, Inc. (NYSE: FBC) is a $14.1 billion savings and loan holding company headquartered in Troy, Mich. Flagstar Bank, FSB, provides commercial, small business, and consumer banking services through 99 branches in the state. It also provides home loans through a wholesale network of brokers and correspondents in all 50 states, as well as through 41 retail locations in 21 states. Flagstar is a leading national originator and servicer of mortgage loans, handling payments and record keeping for $80 billion of home loans representing 383,000 borrowers. For more information, please visit flagstar.com.
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SOURCE Flagstar Bancorp, Inc.