Feb 11 (Reuters) - Flagstar Financial Inc ( FLG/PA ):

* FLAGSTAR FINANCIAL ( FLG/PA ) CEO JOSEPH OTTING SAYS WILL HIRE

ANOTHER 100

PEOPLE TO EXECUTE COMMERCIAL AND INDUSTRIAL BANKING STRATEGY -

CONFERENCE

* FLAGSTAR CEO SAYS MULTIFAMILY LOAN PORTFOLIO NOT TOO

STRAINED

* FLAGSTAR CFO LEE SMITH SAYS WILL EXECUTE A COUPLE OF LOAN

SALES

IN Q1

* FLAGSTAR CEO SAYS BANK ON TRACK TO ACHIEVING TARGET OF

REDUCING

OPERATING EXPENSES BY $600 MILLION

* FLAGSTAR CFO EXPECTS BANK TO GROW DEPOSITS IN CONSUMER AND

PRIVATE BANKING UNITS

* FLAGSTAR CEO SAYS NEW ADMINISTRATION WILL SUPPORT M&A AND

NEW

CREATION OF BANKS

* FLAGSTAR CEO SAYS "NEGATISM" TOWARDS PRIVATE EQUITY WILL

GO AWAY

* FLAGSTAR CEO SAYS CREDIT RATING OF BANK MAY IMPROVE A YEAR

FROM

NOW

* FLAGSTAR CEO SAYS MOST BANKING M&A WOULD HAPPEN AMONG

LENDERS

WITH ASSETS BETWEEN $20 BILLION AND $30 BILLION

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