A chance to increase originations and the need for geographic diversity drove New York's Dime Savings Bank to two mortgage banking acquisitions last week, senior executives at the thrift said.

With the purchase of National Mortgage Investments Co., Griffin, Ga., and an agreement to buy James Madison Mortgage Co., Fairfax, Va., Dime is gaining about $1 billion in origination capacity, in addition to the roughly $1.5 billion it expects to do this year.

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