First Chesapeake Financial Corp. announced the acquisition of Fort Lauderdale, Fla.-based Bankers Mortgage of South Florida.

It renamed the Florida company First Chesapeake Funding Corp. and appointed its former owner, Les Salzman, president of the new subsidiary. Mr. Salzman, 44, was also an executive vice president in the Fort Lauderdale office of Costa Mesa, Calif.-based EMB Mortgage.

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