MIAMI, Fla. - Intercontinental Bank has sold $1 billion of mortgage servicing rights to Trans Financial Inc., for a pretax gain of about $6.2 million, the bank said.

The servicing rights were owned by an Intercontinental subsidiary, Pan American Mortgage Co.

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.