Michigan-based Flagstar Bank’s home loan centers in Danbury and Rocky Hill will continue to operate after Flagstar’s expected acquisition by New York Community Bank.

The Connecticut Department of Banking on Feb. 14 approved New York Community Bank’s application to establish interstate loan production offices at the Danbury and Rocky Hill locations of the Flagstar Bank Home Loan Centers, according to the Department of Banking’s bulletin last week.

The Hicksville, New York-based New York Community Bank had announced plans in April 2021 to acquire the Troy-based Flagstar Bank, which has nearly $27 billion in assets and retail branches in Michigan, California, Wisconsin, Indiana and Ohio. Flagstar is also a national mortgage lender, with more than 80 retail mortgage offices in the U.S.

Flagstar did about $165 million in mortgage volumes in Connecticut in 2021, according to The Warren Group, publisher of The Commercial Record. The bank had more than 600 loans last year, including 200 purchase mortgages.

New York Community Bank has about $57 billion in total assets and branches in New York, New Jersey, Florida, Arizona and Ohio.

New York Community Bank is acquiring Flagstar in an all-stock deal valued at approximately $2.6 billion. The deal is awaiting regulatory approval.