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Tag Archives: The Terranova Group

Terranova Assists Strained Community Banks with Distressed Assets

The Terranova Group has launched a program to purchase troubled assets from the portfolios of community banks while raising capital to support the banks' stability and recovery. After conducting an analysis of a bank's REO portfolio and nonperforming assets, Terranova will advise and execute a disposition strategy in which the troubled assets are acquired from the bank's portfolio.

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Terranova Expands Executive Team with Seasoned Real Estate Developer

The Terranova Group, a third-party provider of specialized asset management and disposition services, recently hired Richard Parvey to join its executive team as director of land development. A 20-year industry veteran, Parvey brings a wealth of land acquisition and development experience to his new role, where he will be responsible for helping financial institutions move bank-owned and non-performing developments off their books.

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