Mortgage Banking Mergers and Acquisitions Announced in 2000

October 23, 2000, 10:08 a.m. EDT 1 Min Read

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Mortgage Banking Mergers and Acquisitions Announced in 2000
Dollars in millions Published October 23, 2000

Buyer Name	ST	Target Name	ST	Ann Date	Total Purchase Price	Assets Purchased	Type of Asset Transferred	Trans Status
Washington Mutual, Inc.	WA	PNC Financial Services Group	PA	10/2/2000	605000	7000000	Mortgage Banking	Pending
Wilshire Financial Services Group	OR	Transamerica Finance Corporation	CA	9/25/2000	N/A	0	Servicing Portfolio	Completed
GMAC Mortgage Corp	PA	First Citizens BancShares, Inc.	NC	9/14/2000	13000	1600000	Servicing Portfolio	Completed
Wells Fargo & Company	CA	General Electric Capital Corporation	CT	9/12/2000	N/A	0	Servicing Portfolio	Pending
First Tennessee National Corporation	TN	Mortgage Solutions	MI	9/5/2000	N/A	0	Mortgage Banking	Completed
American Home Mortgage Holdings, Inc.	NY	Roslyn Bancorp	NY	8/29/2000	200	0	Mortgage Banking	Pending
BB&T Corporation	NC	Resource Bancshares Mortgage Group, Inc.	SC	8/15/2000	N/A	4300000	Mortgage Banking	Completed
IndyMac Bancorp, Inc.	CA	U.S. Bancorp	MN	8/10/2000	48600	48000	Mortgage Banking	Pending
e-jumbo.com	MA	Eagle Bancshares, Inc.	GA	8/10/2000	N/A	0	Mortgage Banking	Pending
KeyCorp	OH	Newport Mortgage Company	TX	8/7/2000	N/A	1000000	Mortgage Banking	Completed
National Australia Bank Ltd	FF	Colonial BancGroup, Inc.	AL	7/17/2000	N/A	5000000	Servicing Portfolio	Pending
Ocwen Financial Corp	FL	First Alliance Corp.	CA	7/14/2000	7700	700000	Servicing Portfolio	Pending
Wells Fargo & Company	CA	FleetBoston Financial Corporation	MA	7/5/2000	N/A	7500000	Servicing Portfolio	Completed
Wells Fargo & Company	CA	First Union Corporation	NC	6/28/2000	N/A	35700000	Servicing Portfolio	Completed
OceanFirst Financial Corp.	NJ	Columbia Equities, Ltd.	NY	6/28/2000	N/A	745000	Mortgage Banking	Completed
PNC Financial Services Group	PA	FleetBoston Financial Corporation	MA	6/7/2000	N/A	5200000	Servicing Portfolio	Completed
Berkshire Mortgage Finance Limited Partnership	MA	Bay View Capital Corporation	CA	6/6/2000	40000	0	Mortgage Banking	Completed
First Tennessee National Corporation	TN	Equitrust Mortgage Corporation	MI	6/2/2000	N/A	0	Mortgage Banking	Completed
PNC Financial Services Group	PA	Bank of Tokyo-Mitsubishi, Ltd.	NY	6/1/2000	N/A	0	Servicing Portfolio	Completed
Investor Group	IL	First Tennessee National Corporation	TN	4/28/2000	57500	0	Mortgage Banking	Completed
SNB Bancshares, Inc.	GA	Fairfield Financial Association	GA	4/27/2000	N/A	0	Mortgage Banking	Completed
Peoples State Bank	MI	Universal Mortgage Corporation	MI	4/22/2000	N/A	0	Mortgage Banking	Completed
Marquette Bancshares, Inc.	MN	Trowbridge Kieselhorst & Company, Inc.	CA	4/20/2000	6595	0	Mortgage Banking	Pending
Gateway Bank, FSB	CA	Mercury Mortgage	CA	4/14/2000	1000	0	Mortgage Banking	Completed
M&T Bank Corporation	NY	Haven Bancorp, Inc.	NY	4/7/2000	N/A	0	Mortgage Banking	Completed
Nutmeg Federal Savings & Loan Association	CT	First Eastern Mortgage Corporation	MA	3/20/2000	N/A	52000	Loan Portfolio	Pending
Sterling Bancorp	MO	Eldorado Bancshares Inc.	CA	3/13/2000	N/A	0	Mortgage Banking	Completed
Centura Banks, Inc.	NC	NCS Mortgage Services, LLC	GA	3/7/2000	1250	1000	Mortgage Banking	Completed
Pacific USA Holdings Corp.	TX	City Holding Company	WV	3/3/2000	42000	1750000	Servicing Portfolio	Terminated
Chase Manhattan Corporation	NY	First Tennessee National Corporation	TN	3/3/2000	N/A	3500000	Servicing Portfolio	Completed
Colony Bankcorp, Inc.	GA	Georgia First Mortgage Company	GA	3/3/2000	N/A	0	Mortgage Banking	Completed
General Electric Capital Corporation	CT	Bank of America Corporation	NC	2/24/2000	N/A	400000	Servicing Portfolio	Completed
Chase Manhattan Corporation	NY	Colonial BancGroup, Inc.	AL	2/16/2000	N/A	9000000	Servicing Portfolio	Completed
Klein Financial Inc.	MN	Home Town Mortgage Inc.	MN	2/16/2000	N/A	0	Mortgage Banking	Completed
Undisclosed Acquiror	UN	United PanAm Financial Corp.	CA	2/9/2000	N/A	0	Mortgage Banking	Pending
Washington Mutual, Inc.	WA	Alta Residential Mortgage Trust	CA	1/14/2000	22608	156000	Mortgage Banking	Completed
KeyCorp	OH	National Realty Funding	MO	1/10/2000	359000	0	Mortgage Banking	Completed
Main Street Bancorp, Inc	PA	Granite Mortgage Company	VA	1/4/2000	N/A	0	Mortgage Banking	Completed