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JPMorgan Chase's weak forecast for the mortgage business surprises lenders.
March 24 -
Bank of America (BAC) has agreed to sell 17 branches in North Carolina and Virginia with a total of $944 million in deposits to First Community Bank in Bluefield, Va., and HomeTrust Bancshares (HTBI) in Asheville, N.C.
June 10 -
Cleveland's Third Federal Savings and Loan is adding three states to its growing national home lending presence.
May 29
First National (FXNC) in Strasburg, Va., has formed a mortgage division.
First Mortgage in Stanton, Va., will serve as an extension to the company's First Bank, which has 10 branches in northern Virginia. George Ballew, a veteran banker who has been in Staunton for nearly 20 years, will serve as the division's chief executive.
Ballew previously served as a mortgage market manager at BB&T (BBT). He was also a mortgage division manager for Planters Bank & Trust of Virginia for about 14 years.
The $334 million-asset First Bank also owns an investment and title insurance unit.
