MatlinPatterson Completes Flagstar PIPE

MatlinPatterson has completed its $250 million PIPE investment in Flagstar Bancorp Inc. (NYSE: FBC), the largest publicly-held savings bank based in the Midwestern U.S. Flagstar also announced that it had received $266.6 million from the U.S. Treasury's TARP Capital Purchase Program, and another $5.32 million from management.

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