Roundup: 1st Union, Mortgage Bank in Partnership

First Union Corp. and Thomas J. Maher & Co., a commercial mortgage banking firm, have formed a partnership to serve First Union customers in Pennsylvania, New Jersey, Delaware, and Maryland.

The new venture, called First Union/Maher Partners, will offer customers commercial mortgage and capital markets real estate services through its relationships with insurance companies and pension funds.

Pennsylvania-based Maher & Co. currently manages more than $500 million of commercial mortgages for its clients, including America General Realty Advisors, Berkshire Life Insurance Co., and Nationwide Insurance Enterprise.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER