home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map

twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from MortgageDaily.com.

Mortgage News Reprints
Put entire MortgageDaily.com stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed MortgageDaily.com stories free on your Web site or for your RSS reader.

News Archives
Archive of MortgageDaily.com stories by month going back to 1999.

Press Releases
Reports and announcements from MortgageDaily.com.

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

Corporate Mortgage News
M e r g e r s, a c q u i s i t i o n s and private and public offerings. Other corporate activity including executive appointments, bankruptcies name changes.

Mortgage Mergers Sustain

Recent mergers and acquisitions activity

May 3, 2005


Mergers, name changes and a new Nevada mortgage lender are among the latest news about corporate activity in the mortgage industry.

Columbia-based South Carolina Bank and Trust N.A. said Monday it has agreed to purchase the assets of Devine Mortgage LLC, a lender started in Columbia, S.C., in 2003.

The Devine Mortgage office will reportedly become a South Carolina Bank loan production office and provide residential mortgages, as well as consumer and commercial lending services.

In Vancouver, Wash., Riverview Bancorp announced that it completed acquiring American Pacific Bank, which has merged with and into Riverview Community Bank.

"The acquisition represents Riverview's entry into the attractive Portland market area and highlights our commitment to expand into selective new, high-growth banking markets around the Portland metropolitan area," said Riverview Chairman and CEO Pat Sheaffer in the prepared statement.

The parent of Riverview Mortgage indicated in the announcement that the three branches of Portland, Ore.-based American Pacific and its employees started operating under the Riverview banner as of last week.

In St. Louis, Mo., TALX Corp. announced it acquired substantially all the assets of Glick & Glick Consultants LLC for $5 million in cash.

Glick, of the Dallas area, specializes in obtaining hiring tax credits and other federal, state and local tax credits and incentives for its clients, according to the announcement.

Glick reportedly fits naturally with TALX existing tax and incentive services offerings, and provides additional clients that can benefit from other TALX services, such as its two key employment-related services -- automated employment and income verification services via The Work Number and unemployment cost management services.

TALX says thousands of organizations ranging from government agencies to major mortgage lenders use its employment and income verification service.

Lynwood, Wash.-based Phoenix Savings Bank recently announced its name change to Pacific Crest Savings Bank and its first expansion outside of Washington with a mortgage lending unit in Stateline, Nev.

While the original name was chosen to represent its predecessor's (Phoenix Mortgage Co.) rising from the ashes of an earlier mortgage company, the name change was executed to eliminate confusion that it was a bank based in Arizona, according to the Seattle Post-Intelligencer.

The bank says it has closed over $7 billion in home loans since its creation in 1984 as Phoenix Mortgage, which converted to a savings bank in 1998.

The Pacific Crest Mortgage lending center was launched Sunday in the Lake Tahoe market of Nevada. The unit provides an expanded selection of in-house products and local underwriting, which "will allow the staff to expedite the approval and funding process, delivering an increased level of service to real estate professionals and homebuyers in the Tahoe area," the bank reported.

The new mortgage unit expands the Washington-based lineup of three Pacific Crest full service offices and two construction lending offices.

Coco Salazar is an assistant editor and staff writer for MortgageDaily.com.

email: [email protected]

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders