ABN Amro North America Inc. said Friday that it has agreed to buy Atlantic Mortgage and Investment Corp. from Pitney Bowes Inc. in a deal that would thrust the Dutch-owned Chicago banking company into the top ranks of home loan servicers.

Adding Atlantic, which administers $20 billion of quirky loans, would boost ABN's portfolio to $90 billion, making it the 10th-largest servicer, behind First Nationwide Mortgage of Frederick, Md., which services $92 billion, and ahead of Citicorp Mortgage of St. Louis, which services $88 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.