Hamilton acquires assets of Va. lender.

SAN FRANCISCO -- Hamilton Financial Services Corp. announced that it has acquired certain assets, including the pipeline of mortgage loans expected to close within the next 60 days, from Lenders Financial Corp., a McLean, Va.-based mortgage banker.

In addition, the majority of Lenders' production and support personnel have been hired by Hamilton.

Lenders Financial Corp., which operated in Maryland and northern Virginia, has six retail lending branches and one wholesale office. It originated about $400 million of residential loans in 1993.

DELRAY BEACH, Fla. -- Network Financial Services Inc. has named Rodger W. Stubbs vice president of business development.

Network also announced a strategic alliance with Mr. Stubb's company, Mizner Mortgage Corp. of Stuart, Fla.

The alliance will enable Network's subsidiary, Westmark Mortgage Corp., to fund perhaps $50 million in Mizner loans annually. This would increase Westmark's annualized loan volume to about $450 million.

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