The arrangement is designed to give the bank some high-level mortgage expertise, but some industry observers have raised questions about the size of the $100,000 monthly fee.
First PacTrust Pays Director Hefty Fee to Build Mortgage Business
- Full access to banking's most comprehensive daily report
- Daily, weekly, and topic-based newsletters and alerts
- Award-winning analysis and insight, focused on bankers' key concerns
- Bimonthly industry research reports
- Morning Scan Plus (Premium e-newsletter)
- American Banker mobile app