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Tag Archives: Acquisition

Expansion Plans

Franklin American

As part of its initiative to execute innovative strategies, here’s how one company, through a crucial acquisition, is looking to expand its capability and footprint in the residential mortgage industry.

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Report: Bank Mergers Outpace Bank Failures

According to the Mortgage Graveyard report by Mortgage Daily, the number of mortgage-related failures has significantly declined this past year, and wholesale lenders are disappearing equally as quickly. However, mortgage mergers are on the rise.

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Butler and Hosch Expand; Acquire New Firm

Mortgage banking industry law firm Butler & Hosch, P.A. said Tuesday that it will acquire Atlanta-based McCurdy & Candler, LLC Default Practice. The firms are in the final stages of the acquisitions process, and the two companies are completing due diligence process this week. The deal is expected to be finalized by the end of the month, Butler & Hosch officials said in a statement.

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Berkshire Hills Completes Acquisition of BofA Branches in Central New York

deal closed, agreement, acquisition

Berkshire Hills Bancorp, Inc., announced Tuesday that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 retail bank locations from Bank of America, effective January 17, 2014. As a result of the transaction, Berkshire acquired approximately $450 million in deposits and $4 million in loans as of January 14, 2014, bringing the total number of branches in Berkshire's footprint to 91 across New England and New York.

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