Business Wire | Apr 27, 2021 07:55PM EDT

FLAGSTAR INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Flagstar Bancorp, Inc. - FBC

Apr. 27, 2021

NEW ORLEANS--(BUSINESS WIRE)--Apr. 27, 2021--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Flagstar Bancorp, Inc. (NYSE: FBC) to New York Community Bancorp, Inc. (NYSE: NYCB). Under the terms of the proposed transaction, shareholders of Flagstar will receive only 4.0151 shares of New York Community for each share of Flagstar that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-fbc/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

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CONTACT: Kahn Swick & Foti, LLC Lewis S. Kahn Managing Partner 855-768-1857 lewis.kahn@ksfcounsel.com