SALT LAKE CITY -- Utah-based First Security Corp. said it has completed the acquisition of Crossland Mortgage Corp. six weeks after announcing the $112 million cash deal.
Crossland will operate as a separate subsidiary, retaining its name and autonomy. The mortgage company is not affiliated with Brooklyn-based Crossland Savings Bank.
Crossland specializes in family residential mortgage lending and has servicing operations in 19 states.
Combined with First Security, the newly acquired company will service $10 billion in mortgages.
