Flagstar Bank Supports Small Businesses through Grant
Fort Wayne, IN – Brightpoint has received a $10,000 grant from Flagstar Bank to assist small businesses in northeast Indiana through programs administered by the Brightpoint Development Fund.
The funding will be used to provide training and technical assistance to small businesses in northeast Indiana struggling with the modernization of their marketing, financial, and cybersecurity practices.
Founded in 2010, the Brightpoint Development Fund, a subsidiary of Brightpoint, is a nonprofit organization that provides affordable business loans, financial education, and housing development services. It is a U.S. Small Business Administration (SBA) micro lender and a U.S. Department of the Treasury Community Development Financial Institution (CDFI.)
Brightpoint is a private, 501(c)(3) nonprofit organization serving over 30,000 people across northeast Indiana each year. Through a wide range of programs, Brightpoint helps communities, families, and individuals remove the causes and conditions of poverty. All Brightpoint services are provided without regard to race, age, color, religion, sex, sexual orientation, disability, national origin, ancestry, or status as a veteran.
Flagstar Bank, N.A. is a subsidiary of New York Community Bancorp. It operates 395 branches across nine states, including strong footholds in the Northeast and Midwest and exposure to high growth markets in the Southeast and West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. At December 31, 2022, the company had $90.1 billion of assets.