AmTrust Financial of Cleveland, one of the nation's largest wholesale mortgage lenders. The bank is selling more of its Ohio branches. First Place Financial of Warren, Ohio, said this past week that it has agreed to buy AmTrust's three branches in Lake County, along with $225 million of deposits and $160 million of mortgages. First Place will pay a 3% deposit premium, or $6.75 million. This is the second branch deal this year for the $14.4-billion-asset AmTrust, which has 65 branches in three states. AmTrust would not say how much closer it is to satisfying the elevated capital requirements imposed by regulators. But after a while will it run out of branches to sell? from:nationalmortgagenews.com
 
Posted by Willie S. Haddad on 06/28/2009 03:18 AM   Comments (0)  
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Willie S. Haddad

Merrillville, IN

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