Flagstar Bank reviews

2.8

30% would recommend to a friend

(972 total reviews)
avatar

Alessandro P. DiNello

37% approve of CEO

22% positive business outlook

Flagstar Bank has an employee rating of 2.8 out of 5 stars, based on 972 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Flagstar Bank employee rating is 25% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

972 reviews
1.0
Mar 22, 2026

Unstable company, Does not value employees

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great colleagues with multiple locations

Cons

Toxic work environment. Mandated a 6 day work week for branch employees. Constantly hiring but simultaneoulsy laying off people and claiming a reduction in force. Conducted downward salary adjustments to some employees, and withheld bonuses and stock allocations for others, Timed their layoffs to avoid paying bonuses. Conducted a layoff due to costs and then the following week reported that the bank is doing well, If you accept an offer here, anticipate it being short termed.

1.0
Jan 24, 2026
Recommend
CEO approval
Business Outlook

Pros

Talented teammates at the individual contributor level Some strong legacy values (largely eroded)

Cons

Severely disconnected leadership Poor communication and change management Layoffs handled without transparency or care Culture resistant to growth, innovation, and accountability

3.0
Mar 28, 2025

Not good

Recommend
CEO approval
Business Outlook

Pros

I worked there for a short time after they bought Signature bank. Saw friends get laid off and it got really depressing for long time. Had an overfilled office to a near empty one. Flagstar was having troubles after that. They are laying off all IT soon to hire an Indian company to take over. How unamerican.

Cons

Depressing and found out they are laying off all IT to a company in India.

Viewing 37 - 39 of 972 Reviews

Glassdoor has 1,067 Flagstar Bank reviews submitted anonymously by Flagstar Bank employees. Read employee reviews and ratings on Glassdoor to decide if Flagstar Bank is right for you.