Despite posting its fifth consecutive quarterly loss, and its biggest one yet by far, Flagstar Bancorp Inc.'s new chairman and chief executive insisted the company could be a potential acquirer once it raises more capital.

"In a marketplace that we anticipate will present opportunities for consolidation, we believe it is prudent to ensure our access to additional capital to best position Flagstar to take advantage of those opportunities," Joseph P. Campanelli, who became the Troy, Mich., company's CEO last month, said Tuesday during his first quarterly conference call. The call lasted less than 15 minutes and the executives did not take questions.

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