General World News

First Federal Bank to acquire Watson Mortgage Corp.

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. The financial details of the deal were not disclosed.

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.

Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex. Nearly 58% details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com