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Meijer Extends Exclusive Relationship with IBT to Provide In-Store Banking Opportunities
Agreement solidifies relationship through Fall 2007

ATLANTA - September 19, 2006 - IBT Enterprises, LLC, a leader in retail design, construction and consulting services for the financial and specialty retail industries, announced today that it has extended its partnership with Meijer, Inc. to serve as its exclusive source for identifying financial institutions for in-store retail locations.

The partnership, originally formed in May 2005, provides IBT the exclusive rights to market, design and construct in-store retail space for financial service providers seeking to co-locate inside Meijer stores. The new accord extends the partnership an additional 18 months through September 2007.

"Our partnership with Meijer has been very successful for all involved," said Tom Tucker, executive vice president of sales and marketing for IBT. "Progressive retailers have benefited from attracting a new segment of consumers to their stores while improving the experience of existing shoppers."

Today the Michigan-based grocery and general merchandise supercenter features in-store financial facilities operated by Flagstar Bank, Chase Bank, Consumers Credit Union, Team One Credit Union and CASE Credit Union, in addition to Meijer's own credit union throughout its 176 stores.

"Our customers have come to expect the availability and convenience of value-added services such as banking within our stores," said Meijer Real Estate Manager Lynn Richardson. "IBT has been a vital partner to Meijer by helping us meet our customers' expectations of providing one-stop shopping and convenience. In addition, IBT has worked diligently to bring us financial institution partners that uphold the values of the Meijer brand and are committed to in-store banking as a long-term strategy."

Flagstar Bank was the first partner under the agreement to open an in-store branch at a Meijer location. To date, Flagstar Bank has opened 4 in-store branches inside Meijer stores.

"In-store branching has allowed Flagstar to bring our services directly to our customers as part of their daily routines," said Bev Carter, first vice president, retail banking for Flagstar Bank. "IBT helped us understand how to maximize in-store branching in a way that improves our customer service and recruits new customers who favor a convenient, full-service location."

"In-store branches provide a cost effective, high visibility delivery channel as part of a financial institution's overall retail banking strategy," said Carmen Cox, vice president and national accounts manager for IBT. "We are thrilled to work with partners like Meijer and Flagstar Bank to create a powerful combination that benefits the retailer, the financial institution and most importantly the consumer."

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About Meijer
Meijer is a Michigan-based family owned and operated grocery and general merchandise supercenter retailer operating 176 stores throughout Illinois, Indiana, Kentucky, Michigan and Ohio. Additional information about Meijer can be found on the Internet at www.meijer.com.

About Flagstar Bank
Flagstar Bancorp, which has $15.2 billion in total assets, is the largest publicly held savings bank headquartered in the Midwest. Flagstar currently operates 146 banking centers throughout southern Michigan, Indiana and Georgia. Flagstar also operates home loan centers across the country. Flagstar Bank originates loans nationwide and is one of the nation's leading originators of residential mortgage loans. For more information about Flagstar Bank visit www.flagstar.com.