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Private Equity Firm to Invest $250 Million in Flagstar 

Dec 18, 2008By

Ailing Flagstar Bancorp, Inc. [stock FBC][/stock] announced Thursday that it has entered into an investment agreement with MatlinPatterson Thrift Investments LP, in which MatlinPatterson will inject $250 million in Flagstar, taking a 70-percent stake in the Troy, Mich.-based bank.

3d rendering of a row of luxury townhouses along a street

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