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Flagstar to acquire mortgage banker Opes Advisors

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Kurt Nagl - Flagstar Bancorp Inc. has signed a deal to acquire certain assets of Opes Advisors Inc. and plans to operate the mortgage banking business as a separate division with its own brand, the bank announced Monday. Terms of the transaction, expected to close in the next 30 days, were not disclosed. "They're a strong fit with our strategic goal of growing our retail mortgage business and a good fit culturally," Alessandro P. DiNello, Flagstar's president and CEO, said in a news release. Opes Advisors

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