The office is home to the private client team of 28 bankers and has seven conference rooms. The operation is is led by Ralph Meyer, private office director.

“New York City has long been a cornerstone for us, home to a well-established private client, business owner, and commercial banking base, and one of our most important growth markets,” Mark Pittsey, head of private banking and wealth, Flagstar Bank, said.

The office, which sits at the corner of Park Avenue and 51st Street, spans about 20,900 square feet across two floors.

The head of the bank’s private client offices arm is Lou Lagno.

“Along with our recently-opened private client office in Palm Beach, Florida, and a soon-to-be-opened office in San Francisco, California, these locations reflect our commitment to delivering our best thinking, our best bankers, and our full focus in prominent wealth markets," the firm said.

Flagstar partnered with design firm Gensler to create the office.