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Republic First Bank closes, sells to Fulton Bank 

Housing Wire

Pennsylvania-based Fulton Bank, National Association of Lancaster, has agreed to assume most of the deposits and assets of Republic First Bank , which state regulators seized on Friday to “protect depositors.” The bank had 766 loan officers as of Monday, according to the Nationwide Multistate Licensing System (NMLS).

Banks 407
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First Federal Bank to acquire Watson Mortgage Corp.

Housing Wire

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., First Federal Bank has 25 branches in the Southeast and operations in the Midwest, including mortgage centers in Jacksonville, Florida ; Alpharetta, Georgia; Madison, Wisconsin; and Overland Park , Kansas.

Banks 421
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NexTier Bank to acquire Mars Bank

Housing Wire

NexTier , the holding company of NexTier Bank , will acquire Mars Bancorp , the holding company of Mars Bank. The combined company and branch locations will operate under the NexTier Bank brand, both banks said in a release Thursday. With the acquisition, NexTier Bank will have total assets in excess of $2.6

Banks 396
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Flagstar Bank and the one-stop mortgage shop

Housing Wire

Flagstar Bank , a top-25 U.S. Flagstar made news in recent months, expanding its footprint and further diversifying its business model with the completion of the merger with New York Community Bancorp (NYCB) and the acquisition of certain financially and strategically complementary parts of Signature Bank.

Banks 369
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Q&A: George Morales on new role with Mortgage Cadence and why a big bank could enter reverse

Housing Wire

To understand the dynamics of his new role, RMD sat down with Morales to learn more about his individual and company goals, including the potential for a large national bank to become involved in the reverse mortgage business for the first time since the early 2010s. national bank, a large bank [that is considering entering] reverse.

Banks 409
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TIAA Bank to sell its correspondent biz to PenFed

Housing Wire

TIAA Bank is selling its correspondent lending platform to Pentagon Federal Credit Union for an undisclosed amount of money. TIAA Bank has laid off more than 200 workers over the past six months as it pivots away from mortgage servicing. The post TIAA Bank to sell its correspondent biz to PenFed appeared first on HousingWire.

Banks 370
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New York-based Corcoran affiliate acquires independent brokerage

Housing Wire

Woodward Realty Group serves clients across 53 unique municipalities of Monmouth County, New Jersey — including Rumson, Middletown, Fair Haven, Freehold, Little Silver, Holmdel, Tinton Falls, Red Bank and Atlantic Highlands.

Brokerage 416