A Texas bank has picked up eight CTX Mortgage Co. branches.
The CTX mortgage production offices were acquired by ViewPoint Bankers Mortgage, a statement Friday said. All of the acquired branches are located in Texas.
ViewPoint also hired 45 loan originators and processors who formerly worked for Dallas-based CTX.
Gerry Taylor, president of the mortgage unit, said in the statement that the new hires will be "a great fit with our customer-centric approach to mortgage lending."
The Plano, Texas-based subsidiary of ViewPoint Bank said it operates 18 loan production offices throughout the state.
In September 2007, the bank acquired substantially all the assets and loan origination business of Dallas-based Bankers Financial Mortgage Group Ltd. for $1.2 million in cash, increasing its branch count at the time by 10 origination offices and 40 loan officers.