Republic Realty buys NationsBanc unit.

June 03, 1993, 1:00 a.m. EDT 1 Min Read

CHICAGO - Republic Realty Mortgage Corp., a Chicago-based commercial mortgage banker, has purchased the commercial real estate investment banking group of NationsBanc Mortgage Corp.

Terms were not disclosed. Republic Realty said the acquisition will increase its conventional-loan servicing portfolio to $5.8 billion.

Republic Realty said the acquisition fits its strategic plan to expand. NationsBanc Mortgage, based in Richmond, Va., is a residential mortgage servicing subsidiary of NationsBank Corp.

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