In Brief: Fla.'s Federal Trust Is Buying Lender in State

Federal Trust Corp. said last week that it had agreed to buy Vantage Mortgage Associates.

James Suskiewich, the president and chief executive officer of $180 million-asset Federal Trust, said a subsidiary of its Federal Trust Bank unit would acquire the assets and keep the employees of Vantage Mortgage in Gainesville, Fla.

Terms were not disclosed.

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